LNKS is trading about 3% down today at $1.69, extending a steep multi-session slide from its June 18 high of $2.68 due to ongoing pressure from a recent 250-for-1 reverse split and warrant exercises.
- The move is tied to the full cashless exercise of Series B warrants linked to a $16 million public offering, which has created a significant supply overhang.
- The combination of the reverse split and warrant activity has resulted in an extreme low-float, high-volatility setup that continues to drive selling pressure.