secwatch.observer — SEC 8-K summary
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Issuer:     INTERLINK ELECTRONICS INC (LINK)
CIK:        0000828146
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001104659-21-129281
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828146/000110465921129281/0001104659-21-129281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828146/000110465921129281/tm2130823d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-129281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer