secwatch.observer — SEC 8-K summary
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Issuer:     INTERLINK ELECTRONICS INC (LINK)
CIK:        0000828146
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001104659-21-143094
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interlink Electronics completes $2M second closing of Series A Preferred offering; total $5M
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- Second closing sold 80,000 Series A Preferred shares at $25/share for $2M gross proceeds.
- Total private placement raises $5M from two closings; net proceeds ~$1.88M from second closing.
- Series A Preferred pays 8.0% annual dividend, convertible to common at $12.50/share; mandatory conversion if common >= $15.
- Certificate of Amendment reduces authorized Series A Preferred from 600,000 to 200,000 shares.
- Proceeds to be used for working capital, general corporate purposes, and potential acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828146/000110465921143094/0001104659-21-143094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828146/000110465921143094/tm2133725d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-143094

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