Multi Ways Holdings Ltd Stock Price, News & Analysis

Multi Ways Holdings (NYSE American: MWG), a Singapore-based heavy construction equipment supplier, has completed the second tranche of its registered direct offering. The company raised $1.485 million through the sale of 9 million ordinary shares at $0.165 per share, with accompanying warrants.

Each warrant allows the purchase of one ordinary share at $0.198 and is exercisable for five years. The offering was conducted through Spartan Capital Securities as the exclusive placement agent, with proceeds intended for working capital and general corporate purposes.

Multi Ways Holdings (NYSE American: MWG), a Singapore-based heavy construction equipment supplier, has successfully closed its registered direct offering of 9 million ordinary shares and accompanying warrants. The offering was priced at $0.165 per share, raising gross proceeds of $1.485 million.

The warrants allow holders to purchase up to 9 million additional shares at $0.198 per share within a five-year exercise period. The company plans to utilize the net proceeds for working capital and general corporate purposes. Spartan Capital Securities acted as the exclusive placement agent for this offering.

Multi Ways Holdings (NYSE American: MWG), a Singapore-based heavy construction equipment supplier, has announced a $1.485 million registered direct offering. The company is offering 9 million ordinary shares with accompanying warrants at $0.165 per share.

The warrants will be exercisable at $0.198 per share for five years after issuance. The offering, expected to close around September 15, 2025, will be managed by Spartan Capital Securities as the exclusive placement agent. Multi Ways plans to use the proceeds for working capital and general corporate purposes.

Multi Ways Holdings Limited (NYSE American: MWG), a Singapore-based supplier of heavy construction equipment, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report, which includes the company's financial results, is now available on the SEC website and can be accessed through the company's investor relations website at www.multiwaysholdings.com. Shareholders can also request a free hard copy of the complete audited financial statements by contacting the company's investor relations representative.

Multi Ways Holdings Limited (NYSE American: MWG) has secured a one-year exclusive dealership agreement with Shandong Shantui Construction Machinery for Singapore market distribution. The agreement, effective June 1, 2025, allows Multi Ways to distribute, sell, and service Shantui's complete range of earthmover equipment. The company has ordered two Shantui bulldozers set to arrive in June 2025, including Singapore's first remote-controlled bulldozer. This innovative technology enables operators to control machinery from a safe distance, particularly valuable in hazardous environments. The partnership with Shantui, a top 50 global construction machinery manufacturer and pioneer in 5G remote-controlled bulldozers, strengthens Multi Ways' position in the heavy construction equipment market and demonstrates their commitment to bringing advanced solutions to Singapore's construction industry.

Multi Ways Holdings (NYSE: MWG), a Singapore-based supplier of heavy construction equipment, has successfully regained compliance with NYSE American's continued listing standards. The company had previously received a non-compliance notification on May 16, 2025, due to the delayed filing of its Annual Report (Form 20-F) for fiscal year 2024. After submitting the required filing on May 23, 2025, NYSE Regulation confirmed MWG's return to compliance on May 27, 2025.

Multi Ways Holdings (NYSE American: MWG), a Singapore-based heavy construction equipment supplier, reported its fiscal year 2024 results showing mixed performance. Revenue decreased 13.7% to $31.1 million from $36.0 million in 2023, primarily due to reduced equipment sales demand. Despite lower revenue, gross profit margins improved to 31.3% from 24.0% due to focus on higher-margin segments. The company reported a net loss of $2.9 million in FY2024, compared to net income of $1.8 million in FY2023, impacted by lower revenue, increased selling expenses, and $1.2 million in share-based compensation. Cash position weakened to $3.3 million from $7.1 million year-over-year. Total assets increased to $69.6 million while shareholders' equity decreased to $20.1 million as of December 31, 2024.

Multi Ways Holdings (NYSE: MWG) has received a Filing Deficiency Notification from NYSE Regulation on May 16, 2025, due to failing to timely file its 2024 Annual Report (Form 20-F). The company must now follow procedures under Section 1007 of the NYSE American Company Guide. The delay is attributed to additional time needed for financial disclosures. MWG has a six-month Initial Cure Period to file the report, with a possible additional six-month extension. The company aims to file by May 30, 2025. While trading continues, MWG has been marked with an "LF" (late filer) indicator and listed as non-compliant. Failure to cure the deficiency could lead to suspension and delisting procedures.

Multi Ways Holdings (NYSE American: MWG) has announced the sale of 23 SANY cranes during the year ending December 31, 2024, generating revenue of SGD 8.9 million (US$6.6 million). The transaction strengthens the company's partnership with SANY, the Chinese engineering giant and world's third-largest machinery manufacturer.

The deal represents a significant portion of Multi Ways' equipment transactions for 2024 and aligns with the company's strategy to maintain a modern, high-performance fleet. As a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, Multi Ways aims to meet the strong demand for premium construction equipment through its partnership with SANY.