Business Context and Reporting Period
Company: Interlink Electronics, Inc. (NASDAQ: LINK)
Filing Type: Form 8-K (Current Report)
Date of Report: October 15, 2025
Event: Mandatory conversion of 8.00% Series A Convertible Preferred Stock into Common Stock.
Key Financial Metrics
This filing is a current report regarding a corporate action and does not contain periodic financial statements. Consequently, specific values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
- Capital Structure Change: On October 15, 2025, the Company converted all outstanding shares of its 8.00% Series A Convertible Preferred Stock into shares of Common Stock.
- Conversion Trigger: The mandatory conversion was triggered because the closing price of the Common Stock met the threshold of $10.00 per share (120% of the Conversion Price) for 20 trading days within a 30-day consecutive period.
- Conversion Ratio: Each share of Series A Preferred Stock was converted into three shares of Common Stock.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the execution of the mandatory conversion pursuant to Section 7 of the Certificate of Designations. A press release detailing the event is attached as Exhibit 99.1.
Risks and Contingencies: The filing references the Certificate of Designations (filed in 2021) for complete terms, exceptions, and limitations regarding the conversion rights. No new forward-looking guidance or specific risk factors were disclosed in this specific 8-K text beyond the execution of the conversion.
Investor Verification Checklist
- Verify the exact number of Series A Preferred shares converted and the resulting increase in Common Stock shares outstanding.
- Review the attached Press Release (Exhibit 99.1) for any additional commentary on the impact of the conversion on earnings per share or dilution.
- Confirm the current trading price of Common Stock relative to the $10.00 conversion threshold to understand the market context of the trigger.
- Examine the Certificate of Designations (referenced from 2021 filings) for any remaining obligations or restrictions related to the converted securities.