Asia Pacific Wire & Cable Corporation Limited Announces Final Results of the Rights Offering

Rhea-AI Summary

Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) completed a rights offering, selling the maximum 20,616,227 shares at $1.66 per share and generating $34.2 million gross proceeds.

After issuance APWC has issued 41,243,554 Common Shares, with 41,232,454 outstanding and 11,100 held in treasury. Proceeds will fund Southeast Asia capacity expansion, planned North America entry, and acquisitions of products and technologies to support growth.

Positive

• $34.2 million gross proceeds from rights offering
• Full subscription: 100% of maximum issuable shares sold
• Sale price fixed at $1.66 per share
• Proceeds earmarked for capacity expansion in Southeast Asia
• Funds allocated for North America entry and product acquisitions

Negative

• Total issued shares rose to 41,243,554, increasing outstanding count
• Outstanding common shares at 41,232,454, potentially diluting prior holders

Key Figures

Maximum issuable shares: 20,616,227 shares Shares subscribed: 18,165,738 shares Remainder Shares: 2,450,489 shares +5 more

8 metrics

Maximum issuable shares 20,616,227 shares Total shares registered for the Rights Offering

Shares subscribed 18,165,738 shares Common Shares acquired via basic and over-subscription rights

Remainder Shares 2,450,489 shares Unsubscribed shares placed prior to Feb 20, 2026 expiration

Gross proceeds $34.2 million Total proceeds from fully placed Rights Offering

Offering price $1.66 per share Subscription price for all Rights Offering shares

Common Shares issued 41,243,554 shares Total APWC Common Shares issued after Rights Offering

Shares outstanding 41,232,454 shares Common Shares outstanding post-offering

Treasury shares 11,100 shares Common Shares held in Treasury after completion

Market Reality Check

Price: $1.67 Vol: Volume 1,477 is 0.19x the...

low vol

$1.67 Last Close

Volume Volume 1,477 is 0.19x the 20-day average of 7,704, indicating muted pre-news activity. low

Technical Shares trade below the 200-day MA of $1.78 at a pre-news price of about $1.67.

Peers on Argus

APWC’s marginal -0.1% move contrasted with mixed peers: IPWR up 7.31%, EPOW up 4...

1 Up

APWC’s marginal -0.1% move contrasted with mixed peers: IPWR up 7.31%, EPOW up 4.38%, FLUX down 8.93%, CCTG down 1.68%, OESX up 1.19%. Only one peer appeared in momentum scans.

Previous Offering Reports

4 past events · Latest: Jan 28 (Neutral)

Same Type Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	Rights results update	Neutral	+0.6%	Reported initial subscription results and gross proceeds from rights offering.
Dec 18	Rights commencement	Neutral	-0.6%	Announced start of rights subscription period and expected net proceeds.
Dec 04	Rights key dates	Neutral	+0.5%	Outlined record date, pricing, and subscription timetable for rights offering.
Aug 29	Rights plan filed	Neutral	-3.9%	Filed registration for planned rights issue targeting about $34.2M in proceeds.

Pattern Detected

Prior offering-related headlines (4 events) saw modest reactions, averaging about -0.83%, with a roughly even split between small gains and declines.

Recent Company History

Over the past six months, APWC has moved through a full rights offering cycle. It first outlined plans on Aug 29, 2025, then set key dates and pricing at $1.66 per share in early December. The offering commenced on Dec 18, 2025, followed by January results showing 18,165,738 shares subscribed and about $30.2M raised. Today’s announcement confirms full placement of all 20,616,227 shares, completing the capital raise linked to capacity expansion and product/technology investments.

Historical Comparison

-0.8% avg move · In the last four offering-related headlines, APWC’s average move was about -0.83%, indicating histor...

offering

-0.8%

Average Historical Move offering

In the last four offering-related headlines, APWC’s average move was about -0.83%, indicating historically muted reactions to equity-raising announcements.

Offering news progressed from an initial rights plan on Aug 29, 2025, to key dates and pricing in December, commencement on Dec 18, subscription results on Jan 28, and now full completion with all 20,616,227 shares placed.

Market Pulse Summary

This announcement finalizes APWC’s rights offering, confirming full placement of 20,616,227 shares a...

Analysis

This announcement finalizes APWC’s rights offering, confirming full placement of 20,616,227 shares at $1.66 and total gross proceeds of $34.2 million. Issued shares now stand at 41,243,554, with 41,232,454 outstanding. Historically, similar offering headlines produced modest average moves of about -0.83%. Investors may focus on how efficiently this new capital funds manufacturing expansion in Southeast Asia, a planned North American entry, and acquisitions of key products and technologies.

Key Terms

rights offering, prospectus, forward-looking statements

3 terms

rights offering financial

"announced the successful completion and final results of its rights offering, as described"

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.

prospectus regulatory

"as described in the rights offering prospectus filed December 18, 2025 with the Securities"

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.

forward-looking statements regulatory

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

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.

AI-generated analysis. Not financial advice.

TAIPEI, Taiwan, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced the successful completion and final results of its rights offering, as described in the rights offering prospectus filed December 18, 2025 with the Securities and Exchange Commission ("Rights Offering"). Of the 20,616,227 maximum issuable shares, shareholders exercising their basic and over-subscription rights acquired 18,165,738 Common Shares and the remaining 2,450,489 Common Shares unsubscribed ("Remainder Shares") were placed prior to the Rights Offering's expiration on February 20, 2026, generating gross proceeds of $34.2 million. Following the issuance of the shares acquired in the Rights Offering, APWC has issued 41,243,554 Common Shares, with 41,232,454 Common Shares outstanding and 11,100 Common Shares held in Treasury.

The successful sale of the Remainder Shares marked 100% target completion of the maximum shares issuable in the Rights Offering, all at the price of $1.66 per share.

The successful and swift completion of the Rights Offering marks an important first step in APWC’s growth strategies. The proceeds will provide funding for APWC’s expansion of manufacturing capacity in Southeast Asia, planned entry into North America, and for the acquisition of key products and technologies to drive long-term growth. APWC is well positioned to secure new orders, deepen customer relationships, and scale up operations as the global supply chain pivots, providing a long and visible runway for sustainable growth.

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

How many shares did APWC sell in the February 2026 rights offering (APWC)?

APWC sold the full maximum 20,616,227 shares at $1.66 per share. According to the company, shareholders exercised basic and over-subscription rights for 18,165,738 shares and Remainder Shares were placed to reach the maximum.

What were the total proceeds and price per share for APWC's rights offering (APWC) completed Feb 20, 2026?

The rights offering generated $34.2 million in gross proceeds at $1.66 per share. According to the company, the sale of all issuable shares achieved full subscription before the offering's February 20, 2026 expiration.

How did the rights offering change APWC's share count after issuance (APWC)?

Following issuance, APWC has issued 41,243,554 Common Shares with 41,232,454 outstanding. According to the company, 11,100 common shares are held in treasury after the rights offering closed.

What will APWC use the $34.2 million proceeds for after the rights offering (APWC)?

APWC will use proceeds to expand manufacturing capacity in Southeast Asia and to enter North America. According to the company, funds will also support acquisition of key products and technologies to drive long-term growth.

Were all Remainder Shares sold in APWC's rights offering (APWC) and what does that mean?

Yes; the remaining 2,450,489 Remainder Shares were placed prior to expiration, completing 100% of the maximum. According to the company, this resulted in full target completion of the rights offering issuance.