Multi Ways Holdings Announces Pricing of $1.485 Million Registered Direct Offering
Rhea-AI Summary
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.
Positive
- Secured $1.485 million in additional funding
- Warrants provide potential for additional future capital at $0.198 per share
Negative
- Potential dilution for existing shareholders with 9 million new shares
- Offering price of $0.165 per share may indicate weak market conditions
News Market Reaction 3 Alerts
On the day this news was published, MWG declined 7.13%, reflecting a notable negative market reaction. Argus tracked a trough of -25.6% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $895K from the company's valuation, bringing the market cap to $12M at that time.
Data tracked by StockTitan Argus on the day of publication.
SINGAPORE, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region today announced the pricing of a registered direct offering of 9,000,000 ordinary shares, par value
The offering is priced at
Spartan Capital Securities, LLC, is serving as the exclusive placement agent for this registered direct offering.
The securities are being offered pursuant to a registration statement on Form F-1 (File No. 333-286220) initially filed with the Securities and Exchange Commission on March 28, 2025, as amended and declared effective by the Securities and Exchange Commission on September 10, 2025. The offering is expected to close on or about September 15, 2025, subject to customary closing conditions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Multi Ways Holdings Limited
Multi Ways Holdings supplies a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. With more than two decades of experience in the sales and rental of heavy construction equipment business, the Company is widely established as a reliable supplier of new and used heavy construction equipment to customers from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines. With our wide variety of heavy construction equipment in our inventory and complementary equipment refurbishment and cleaning services, Multi Ways is well-positioned to serve customers as a one-stop shop. For more information, visit www.multiwaysholdings.com.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
FAQ
What is the size and price of Multi Ways Holdings (MWG) registered direct offering in September 2025?
How will Multi Ways Holdings (MWG) use the proceeds from its September 2025 offering?
What are the terms of the warrants in Multi Ways Holdings' (MWG) September 2025 offering?
When is Multi Ways Holdings' (MWG) September 2025 registered direct offering expected to close?
Who is the placement agent for Multi Ways Holdings' (MWG) September 2025 offering?
