Multi Ways Holdings Limited Announces 1-for-10 Reverse Share Split Effective February 23, 2026

Multi Ways Holdings (NYSE: MWG) announced a 1-for-10 reverse share split approved Nov 26, 2025 and effective for trading on February 23, 2026.

Rhea-AI Summary

Multi Ways Holdings (NYSE: MWG) announced a 1-for-10 reverse share split approved Nov 26, 2025 and effective for trading on February 23, 2026. Post-split CUSIP will be G6362F116, par value increases to US$0.0025, and authorized capital is adjusted as disclosed.

The company expects approximately 4,142,000 Class A and 1,000,000 Class B shares outstanding after the split; fractional shares will be rounded up and VStock Transfer will act as exchange agent.

Positive

• Reverse split intended to help maintain NYSE American listing
• Post-split outstanding Class A ≈ 4,142,000 shares

Negative

• Par value increases to US$0.0025 per share after split
• Authorized share capital restructured with new share counts

Argus Feb 12 session

-12.18% close to close Open Argus

Details

News Market Reaction – MWG

On Feb 12, the day this news came out, MWG closed 12.18% below the previous close.

Data tracked by StockTitan Argus for the Feb 12 session.

Key Figures

Reverse split ratio: 1-for-10 Effective trading date: February 23, 2026 Pre-split par value: US$0.00025 per share +5 more

Reverse split ratio

1-for-10

Approved reverse share split of Class A and Class B ordinary shares

Effective trading date

February 23, 2026

Post-split Class A shares begin trading on NYSE American

Pre-split par value

US$0.00025 per share

Par value before 1-for-10 reverse share split

Post-split par value

US$0.0025 per share

Par value after 1-for-10 reverse share split

Authorized share capital

US$2,500,000

Total authorized capital after reverse split adjustment

Authorized Class A shares

800,000,000

Class A ordinary shares authorized at US$0.0025 par value

Authorized Class B shares

100,000,000

Class B ordinary shares authorized at US$0.0025 par value

Post-split outstanding shares

4,142,000 Class A; 1,000,000 Class B

Expected issued and outstanding after reverse share split

Historical Context

5 past events · Latest: Jan 12

5 events

1. Jan 12

   Fleet expansion order

   24h Move

   +0.2%

   Large Sinotruk vehicle purchase and new dealership agreement to grow fleet.

2. Dec 23

   Earnings update

   24h Move

   +0.0%

   Reported 87.65% revenue growth and improved net income for H1 2025.

3. Oct 27

   Fleet expansion order

   24h Move

   -1.5%

   US$5.4M SANY crane purchase to meet regional demand and projects.

4. Sep 26

   Equity offering tranche

   24h Move

   -3.2%

   Second tranche of registered direct offering raising $1.485M with warrants.

5. Sep 15

   Equity offering

   24h Move

   -7.1%

   Registered direct offering of 9M shares plus warrants for $1.485M.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse share split, cusip, par value, authorized share capital, +3 more

7 terms

reverse share split financial

"approved a reverse split of its Class A ordinary shares and Class B ordinary shares"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

cusip regulatory

"under a new CUSIP number – G6362F116"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

par value financial

"proportional increase in par value from US$0.00025 per share to US$0.0025"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

authorized share capital financial

"an adjustment of the Company’s authorized share capital to US$2,500,000"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

preferred shares financial

"1,000,000,000 preferred shares with a par value of US$0.00025 each"

Preferred shares are a type of investment that gives investors priority over common shareholders when it comes to receiving dividends and getting their money back if a company is sold or liquidated. Think of them as a safer, more predictable way to earn income from a company's profits, similar to a fixed-return investment, but without voting rights. This makes preferred shares appealing to those seeking stable income with a higher claim on assets than regular stockholders.

transfer agent financial

"The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent."

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

exchange agent financial

"will act as the exchange agent. Adjustments made to Class A ordinary shares"

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SINGAPORE, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (NYSE American: MWG) ("MWG" or "we," "our," or the "Company"), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced that on January 30, 2026, its board of directors approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a one-for-ten basis (the “Reverse Share Split”). The Company’s Class A Ordinary Shares will begin trading on the NYSE American LLC (“NYSE American”) on a post-split basis on February 23, 2026 under the symbol “MWG” under a new CUSIP number – G6362F116.

As a result of the Reverse Share Split, each ten (10) issued and outstanding Class A ordinary shares will be combined into one (1) Class A ordinary share and each ten (10) issued and outstanding Class B ordinary shares will be combined into one (1) Class B ordinary share, automatically and without any action by shareholders. The reverse split will result in a proportional increase in par value from US$0.00025 per share to US$0.0025 per share and an adjustment of the Company’s authorized share capital to US$2,500,000 divided into (a) 800,000,000 Class A ordinary shares with a par value of US$0.0025 each, (b) 100,000,000 Class B ordinary shares with a par value of US$0.0025 each and (c) 1,000,000,000 preferred shares with a par value of US$0.00025 each. After giving effect to the Reverse Share Split, the Company expects to have approximately 4,142,000 Class A ordinary shares and 1,000,000 Class B ordinary shares issued and outstanding. The Reverse Share Split is intended to increase the market price per share of the Company’s Class A ordinary shares to allow the Company to maintain its NYSE American listing.

No fractional shares will be issued as a result of the Reverse Share Split. Shareholders who would be entitled to a fractional share as a result of the Reverse Share Split shall have their entitlement rounded up to the nearest whole share.

The Reverse Share Split was approved by a vote of the Company’s shareholders at its extraordinary meeting of shareholders held on November 26, 2025.

The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to Class A ordinary shares and Class B ordinary shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.

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. 

Forward-Looking Statements

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the reverse split ratio and effective date for MWG (NYSE:MWG)?

The reverse split is 1-for-10 and effective for trading on February 23, 2026. According to the company, the board approved the split on January 30, 2026 and shareholders approved it November 26, 2025.

How many MWG shares will be outstanding after the 1-for-10 reverse split?

The company expects approximately 4,142,000 Class A and 1,000,000 Class B shares outstanding post-split. According to the company, these figures reflect the automatic combination of every ten pre-split shares into one post-split share.

Will MWG shareholders receive fractional shares after the reverse split?

No fractional shares will be issued; entitlements will be rounded up to the nearest whole share. According to the company, shareholders otherwise entitled to fractional shares will have their holdings rounded up automatically.

Will MWG’s ticker or CUSIP change after the reverse split on February 23, 2026?

The ticker remains MWG and the company will trade post-split under a new CUSIP G6362F116. According to the company, trading will occur on NYSE American on a post-split basis.

Why did MWG implement the 1-for-10 reverse split and what is the intended effect?

The reverse split is intended to increase the market price per share to allow the company to maintain its NYSE American listing. According to the company, the measure aims to meet listing requirements by consolidating outstanding shares.

Who is handling the exchange of MWG certificates after the reverse split?

VStock Transfer, LLC will act as the transfer and exchange agent for the reverse split. According to the company, physical certificates can be adjusted upon surrender to VStock Transfer and contact details are provided.