Interlink Electronics raises $3.0M via 8% Series A Convertible Preferred Stock placement

INTERLINK ELECTRONICS INC

Sold 120,000 shares at $25.00 each; net proceeds ~$2.82M after placement agent fees.
8% annual dividend payable monthly; convertible to common at $12.50/share (2 common shares per preferred).
Mandatory conversion possible if common stock closes ≥$15.00 for 20 of 30 consecutive trading days after Apr 22, 2022.
Proceeds to be used for working capital, general corporate purposes, and potential acquisitions.
Additional closings allowed within 90 days for up to 480,000 more shares of Series A Preferred.

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