WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Interlink Electronics, Inc. (OTC: LINK) today announced a 25% common stock dividend. Interlink continues to pursue the listing of its common stock on the Nasdaq Capital Market, and the common stock dividend will increase the Company’s public float above the minimum public float that Nasdaq requires for listing. Interlink’s Board of Directors approved a stock dividend payable on April 1, 2016 to stockholders of record at the close of business March 29, 2016, of one quarter of a share of common stock for every one share of common stock issued and outstanding on the record date. The stock dividend is the equivalent of a five-for-four split of Interlink’s common stock. The distribution of the dividend shares will be made in book-entry form and no action or payment by Interlink stockholders is required to receive the dividend shares. No physical stock certificates of Interlink will be issued.
Upon completion of the dividend, the outstanding shares of Interlink’s common stock will increase to approximately 7,326,000, based on the number of shares outstanding as of March 14, 2016. The Company expects its common stock to begin trading on the OTC Pink® tier marketplace of the OTC Markets Group at the split-adjusted price on April 4, 2016.
The Company also announced that the U.S. Securities and Exchange Commission has declared effective the Form 10 Registration Statement that Interlink filed to register its common stock under the Securities Exchange Act of 1934. Interlink is now a fully reporting company under the Exchange Act. The Form 10 Registration Statement is available for review at the SEC’s website, www.sec.gov, under the name Interlink Electronics, Inc. and at the company’s website at www.interlinkelectronics.com.
About Interlink Electronics, Inc.
Interlink Electronics is a world-leading trusted advisor and technology partner in the advancing world of human-machine interface and force sensing technologies. Interlink Electronics has led the printed electronics industry in its commercialization of its patented Force-Sensing Resistor (FSR®) technology, which has enabled rugged and reliable human-machine interface (“HMI”) solutions. For over 30 years, Interlink Electronics’ solutions have focused on handheld user input, menu navigation, cursor control, and other intuitive interface technologies for the world’s top electronics manufacturers. Interlink Electronics has a proven track record of supplying human-machine interface solutions for mission-critical applications in a wide range of markets, including, but not limited to, consumer electronics, automotive, industrial, and medical devices. Interlink Electronics serves a world-class customer-base from its corporate headquarters in Westlake Village, California (greater Los Angeles area), global research and development center in Singapore, printed-electronics factory in China, global distribution and warehouse facility in Hong Kong, and offices in France and Japan.
Forward Looking Statements: All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements that are based on our current expectations, estimates and projections, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” and similar terms, and variations or negatives of these words. Examples of forward-looking statements in this release include the status of the Company’s efforts to list its common stock on NASDAQ. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors and uncertainties that could affect the Company’s forward-looking statements include, among other things, whether the Company meets NASDAQ’s listing requirements. These and other risks are more fully described in the Company’s Form 10 Registration Statement, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.