WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Interlink Electronics, Inc. (NASDAQ: LINK), a global technology leader and trusted advisor in Human Machine Interface (HMI) solutions, announced that it has repurchased from Leonard Hagan and his affiliates, an aggregate of 867,681 shares of the Company’s common stock at a purchase price of $3.00 per share for an aggregate purchase price of $2,603,043. All of the repurchased shares were cancelled and returned to the status of authorized but unissued shares of common stock.
Following consummation of the repurchase, 6,478,797 shares of the Company’s common stock remain outstanding, of which approximately 1,050,000 shares are in the public float.
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 North Carolina and Japan. For more information, please see our website at www.interlinkelectronics.com.