Asia Pacific Wire & Cable Corporation Limited Announces Commencement of Rights Offering

Rhea-AI Summary

Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) announced the commencement of a rights offering on Dec 18, 2025. Shareholders of record as of Dec 11, 2025 will receive one non-transferable subscription right per share to buy additional common shares at $1.66 per share.

The subscription period runs through 5:00 p.m. EST on Jan 23, 2026. If fully subscribed, the company expects approximately $33.9 million net proceeds for general working capital and corporate purposes. The offering includes basic and over-subscription rights and is described in the prospectus filed with the SEC.

Positive

• Expected net proceeds of $33.9 million
• Subscription price set at $1.66 per share
• Pro rata participation via basic subscription rights

Negative

• Record date fixed at Dec 11, 2025, limiting eligible participants
• Subscription period ends Jan 23, 2026, creating a short exercise window
• Over-subscription allocation is pro rata, limiting additional allotments

Key Figures

Subscription price $1.66 per common share Rights offering subscription price

Net proceeds if fully subscribed $33.9 million Expected net proceeds for working capital and corporate purposes

Rights ratio 1 subscription right per common share Distribution to holders of record

Record date 5:00 p.m. EST, Dec 11, 2025 Shareholders eligible to receive subscription rights

Offering start Dec 18, 2025 Subscription period commencement

Offering expiration 5:00 p.m. EST, Jan 23, 2026 Subscription rights expiration date

Over-subscription right Additional shares subject to availability, pro rata For holders fully exercising basic rights

Form F-1 file number File No. 333-289970 Registration Statement for rights offering Prospectus

Market Reality Check

$1.69 Last Close

Volume Volume 8,399 vs 20-day average 17,456 (relative volume 0.48) ahead of the rights offering. low

Technical Shares at $1.83, trading above 200-day MA of $1.74 before the offering commencement.

Peers on Argus

Peers show mixed moves: FLUX -2.11%, IPWR -5.43%, while OESX +14.72%, CCTG +5.10%, EPOW +1.10%, pointing to company-specific factors for APWC.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 04	Rights key dates	Negative	-1.1%	Set record date, timeline, and terms for planned rights offering.
Dec 01	Activist letter	Negative	+4.1%	Investor urged capital allocation reforms and governance changes.
Nov 14	Q3 2025 earnings	Positive	-2.1%	Revenue, volume, and operating profit grew versus prior periods.
Aug 29	Rights plan filed	Negative	-3.9%	Filed for rights offering to raise equity capital at $1.66 per share.
Aug 14	Q2 2025 earnings	Positive	+13.4%	Strong revenue growth, EPS expansion, and margin improvement.

Pattern Detected

Earnings news has produced mixed reactions, while prior rights-offering headlines coincided with modest share price declines.

Recent Company History

Over the last six months, APWC reported improving fundamentals, with Q2 and Q3 2025 earnings highlighting revenue growth and positive EPS. The company then outlined a rights offering on Aug 29, 2025, followed by detailed financial results and an activist letter on Dec 1, 2025. On Dec 4, 2025, APWC confirmed key dates and terms for the rights issue. Today’s announcement formally commences the same rights offering previously filed on Form F-1.

Market Pulse Summary

This announcement formally starts APWC’s rights offering using previously disclosed terms, including a subscription price of $1.66, a record date of Dec 11, 2025, and potential net proceeds of $33.9 million if fully subscribed. It follows earlier filings and key-date disclosures. Investors may compare this equity raise to recent earnings trends and monitor subsequent filings and financial reports to see how new capital is allocated and whether it supports the company’s stated growth plans.

Key Terms

rights offering financial

"announced the commencement of its rights offering previously reported on August 29, 2025"

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

subscription rights financial

"distribute, at no charge to its shareholders, non-transferable subscription rights to purchase"

Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.

over-subscription right financial

"includes (1) a basic subscription right, and (2) an over-subscription right, which allows each"

An over-subscription right is a privilege given to existing investors that allows them to buy additional shares during a company's new stock offering if there's high demand, beyond their initial allocation. It helps investors increase their ownership stake when more people want to buy shares than are available, similar to being given the option to buy extra tickets to a sold-out concert. This right can benefit investors by allowing them to strengthen their investment before the new shares are offered to the public.

prospectus regulatory

"including subscription right certificates, notices to shareholders and brokers, and the rights offerings’ prospectus, filed today"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"preliminary prospectus included in the Company’s Registration Statement on Form F-1"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form f-1 regulatory

"Registration Statement on Form F-1 (File No. 333-289970) filed with the SEC"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

forward-looking statements regulatory

"This release contains certain “forward-looking statements” relating to the Company"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

subscription period financial

"The subscription period, during which the subscription rights may be exercised, starts today"

A subscription period is the set number of days when investors can sign up to buy newly offered securities, such as shares or bonds, at a specified price. Think of it like a limited-time sale window: if you want to join the offering you must commit during that window, and the number of applicants can affect how many units each investor receives and the final price outcome. For investors, it matters because timing, demand and allocation during this period directly influence potential ownership stake and short-term position value.

AI-generated analysis. Not financial advice.

TAIPEI, Taiwan, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced the commencement of its rights offering previously reported on August 29, 2025.

In the rights offering, the Company will distribute, at no charge to its shareholders, non-transferable subscription rights to purchase additional common shares of the Company at the subscription price of $1.66 per common share. The subscription rights will be issued to its holders of record as of 5:00 p.m., Eastern Standard Time (“EST”) December 11, 2025, the record date for the rights offering, at a ratio of one subscription right per common share. The rights offering includes (1) a basic subscription right, and (2) an over-subscription right, which allows each rights holder that exercises its basic subscription rights in full, the option to purchase additional common shares that remain unsubscribed at the expiration of the rights offering. The over-subscription right is subject to the availability of shares and pro rata allocation among holders exercising their over-subscription right.

With today’s announcement, our subscription and information agents will begin distributing requisite documents, instructions, and informational materials, including subscription right certificates, notices to shareholders and brokers, and the rights offerings’ prospectus, filed today with the U.S. Securities and Exchange Commission (“Prospectus”). The subscription period, during which the subscription rights may be exercised, starts today and ends at 5:00 p.m. EST on January 23, 2026, the expiration date of the rights offering.

The purpose of the rights offering is to raise equity capital in a cost-effective manner, which allows all Company shareholders the opportunity to participate on a pro rata basis. If the rights offering is fully subscribed, the Company expects to receive net proceeds of approximately $33.9 million to be used for general working capital and corporate purposes, as discussed in the Prospectus.

The Company believes this rights offering provides an excellent and fair opportunity for all of our existing shareholders to participate in our plans to enter the North American market and to invest in new products and technologies that are additive in value creation and will complement and enhance our traditional wire and cable business. CEO C.T. Yuan and the management team believe this initial round of investment is an integral part of our efforts to drive future growth and create long-term, sustainable shareholder value for the Company.

Other Important Information:

The description above includes only a summary of certain key terms of the rights offering. For more information, please see the above referenced Prospectus, which finalized the preliminary prospectus included in the Company’s Registration Statement on Form F-1 (File No. 333-289970) filed with the SEC on August 29, 2025, as amended, and declared effective by the SEC on December 2, 2025.

The Company reserves the right to cancel or terminate the rights offering at any time. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Asia Pacific Wire & Cable Corporation Limited:

Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through subsidiaries primarily engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong and certain other markets in the Asia Pacific region. The Company also engages in the distribution of certain wire and cable products manufactured by its controlling shareholder, PEWC, and certain third parties. The Company also provides project engineering services in the supply, delivery and installation of power cable. The Company’s major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.

Safe Harbor Statement:

This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the SEC and available on its website (www.sec.gov). All forward-looking statements attributable to the Company, or to persons acting on its behalf, are expressly qualified in their entirety by these factors, other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Investor Relations Contact:

Pacific Holdings Group
2901 Dallas Parkway, Suite 360
Plano, TX 75093
Attn: Paul Weber
Phone: (469) 797-7191
Email: pweber@pusa.com

FAQ

What are the key dates for APWC rights offering (APWC)?

Record date: Dec 11, 2025; subscription starts Dec 18, 2025 and expires Jan 23, 2026 at 5:00 p.m. EST.

What is the subscription price in the APWC rights offering?

The subscription price is $1.66 per common share.

How much capital will APWC raise if the rights offering is fully subscribed?

If fully subscribed, APWC expects to receive approximately $33.9 million in net proceeds.

Who is eligible to participate in the APWC rights offering?

Holders of record as of Dec 11, 2025 receive one non-transferable subscription right per share and may exercise basic rights.

What is the over-subscription right in APWC’s offering?

Shareholders who fully exercise basic rights may request additional shares subject to availability and pro rata allocation.

How will APWC use proceeds from the rights offering?

Proceeds are intended for general working capital and corporate purposes as stated in the prospectus.