Multi Ways closes $1,485,000 second offering

Multi Ways Holdings Limited reported that it completed the second closing of a registered offering of 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares.

Rhea-AI Filing Summary

Multi Ways Holdings Limited reported that it completed the second closing of a registered offering of 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares. Each share and accompanying warrant was sold at a purchase price of $0.165 per ordinary share and warrant. The warrants are exercisable for five years from issuance at an exercise price of $0.198 per share.

This second closing follows an initial closing on September 15, 2025 involving the issuance and sale of 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares on the same terms. From the second closing, the company received $1,485,000 in gross proceeds before fees and expenses, which it intends to use for working capital and general corporate purposes. The securities were offered under a Form F-1 registration statement that was declared effective by the SEC on September 10, 2025, and the company furnished a related press release as an exhibit.

Insights

Equity Capital Markets Analyst

Multi Ways completed a second small registered share-and-warrant closing, adding cash and potential future dilution.

Multi Ways Holdings Limited completed a second closing of its registered offering, selling 9,000,000 ordinary shares and 9,000,000 accompanying warrants at $0.165 per share-and-warrant. Together with the earlier initial closing for the same amounts, this points to a total of 18,000,000 shares issued and 18,000,000 warrants sold in this structure, indicating a meaningful expansion of the equity base if all instruments are exercised.

The second closing generated gross proceeds of $1,485,000 before fees and expenses, which the company plans to use for working capital and general corporate purposes. The warrants have a five-year term and a fixed exercise price of $0.198 per share, so any additional cash inflow depends on future warrant exercises. Actual impact on existing holders will depend on how the company deploys the new capital and the extent to which investors exercise warrants over the five-year period.

FAQ

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

What transaction did Multi Ways Holdings (MWG) report in this Form 6-K?

Multi Ways Holdings Limited reported completing the second closing of an offering of 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares, sold together at a purchase price of $0.165 per ordinary share and accompanying warrant.

How much capital did Multi Ways Holdings (MWG) raise in the second closing?

In the second closing, Multi Ways Holdings Limited received $1,485,000 in gross proceeds before deducting placement agent fees, accountable expenses and other estimated expenses.

What are the key terms of the warrants issued by Multi Ways Holdings (MWG)?

The warrants issued by Multi Ways Holdings Limited are exercisable for five years from issuance at an exercise price of $0.198 per ordinary share, and each investor received one warrant with each ordinary share purchased at $0.165 per share and accompanying warrant.

How does the second closing relate to the initial closing for Multi Ways Holdings (MWG)?

The second closing follows an initial closing completed on September 15, 2025, which also involved the issuance and sale of 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares on the same terms, under separate subscription agreements dated September 12, 2025.

How will Multi Ways Holdings (MWG) use the proceeds from the second closing?

Multi Ways Holdings Limited intends to use the proceeds from this closing for working capital and general corporate purposes, according to the company’s disclosure.

Under which registration statement were the Multi Ways Holdings (MWG) securities offered?

The shares, warrants and ordinary shares underlying the warrants were offered pursuant to a registration statement on Form F-1 (File No. 333-286220), which was filed on March 28, 2025 and declared effective by the SEC on September 10, 2025.

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Accepted by SEC EDGAR 09/26/2025 - 04:30 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-41669

Multi Ways Holdings Limited

3E Gul Circle

Singapore 629633

+65 6287 5252

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

On September 26, 2025, Multi Ways Holdings Limited, a Cayman Islands exempted company (the “Company”) completed the second closing of (i) 9,000,000 ordinary shares (the “Shares”), par value $0.00025 per share (the “Ordinary Shares”) and (ii) warrants to purchase up to 9,000,000 Ordinary Shares (the “Warrants”), at a purchase price of $0.165 per Ordinary Share and accompanying Warrant, pursuant to the subscription agreements (the “Subscription Agreements”), dated September 25, 2025, by and between the Company and certain investors named thereto. The Warrants are exercisable for five years from issuance at an exercise price of $0.198 per share.

The second closing follows the initial closing completed on September 15, 2025, relating to the issuance and sale of (i) 9,000,000 Ordinary Shares and (ii) warrants to purchase up to 9,000,000 Ordinary Shares, at a purchase price of $0.165 per Ordinary Share and accompanying warrant, pursuant to the subscription agreements, dated September 12, 2025, by and between the Company and certain investors named thereto.

The Company received $1,485,000 in gross proceeds in the second closing, before deducting Placement Agent’s fees and accountable expenses and other estimated expenses. The Company intends to use the proceeds from this initial closing for working capital and general corporate purposes.

The Subscription Agreements contain customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions.

The Shares, the Warrants and the Ordinary Shares underlying the Warrants were offered by the Company pursuant to a registration statement on Form F-1, as amended, (File No.333-286220) (the “Registration Statement”), previously filed on March 28, 2025 and declared effective by the Securities and Exchange Commission (the “SEC”) on September 10, 2025.

On September 26, 2025, the Company issued a press release announcing the second closing of the Offering, a copy of which is furnished as Exhibit 99.1 hereto.

This Report is incorporated by reference into the registration statement on Form S-8 (File No. 333-275277) of the Company, filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements:

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements when it discusses the closing of the Offering. All statements other than statements of historical facts included in this Report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2024, filed with the Commission on May 23, 2025, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release, dated September 26, 2025

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 26, 2025	Multi Ways Holdings Limited
	By:	/s/ Lim Eng Hock
	Name:	Lim Eng Hock
	Title:	Executive Director, Chairman and Chief Executive Officer (Principal Executive Officer)

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