SINGAPORE, Sept. 15, 2025 – Multi Ways Holdings Limited (NYSE American: MWG), a prominent provider of heavy construction equipment for sale and rent in Singapore and neighboring areas, today confirmed the completion of its registered direct offering. The offering included 9,000,000 ordinary shares, each with a par value of $0.00025, along with warrants to acquire up to an additional 9,000,000 ordinary shares.
Each ordinary share and its accompanying warrant in the offering were priced at $0.165. The Company generated total gross proceeds of $1,485,000 from this offering. The warrants will be exercisable at $0.198 per share for a period of five years from their issuance date. Multi Ways plans to allocate the net proceeds toward working capital and general corporate expenditures.
Spartan Capital Securities, LLC, served as the sole placement agent for this registered direct offering. Ortoli Rosenstadt LLP provided legal counsel to Multi Ways, while Sichenzia Ross Ference Carmel LLP advised Spartan Capital Securities, LLC.
This registered direct offering was conducted under an effective registration statement on Form F-1 (File No. 333-286220). This statement was initially submitted to the Securities and Exchange Commission (SEC) on March 28, 2025, and subsequently amended and declared effective by the SEC on September 10, 2025.
This press release does not constitute an offer to sell or a solicitation of an offer to purchase these securities. Furthermore, there will be no sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the securities laws of that jurisdiction.
About Multi Ways Holdings Limited
Multi Ways Holdings provides a diverse selection of heavy construction equipment for both sale and rental across Singapore and the broader regional market. Leveraging over twenty years of expertise in the heavy construction equipment sales and rental sector, the Company has earned a strong reputation as a trusted provider of new and pre-owned equipment to clients in Singapore, Australia, the UAE, Maldives, Indonesia, and the Philippines. Thanks to its extensive inventory of heavy construction equipment and supporting refurbishment and cleaning services, Multi Ways is optimally structured to function as a comprehensive, single-source solution for its customers. To learn more, please visit .
Safe Harbor Statement
This press release contains forward-looking statements. Additionally, we or our representatives may periodically make forward-looking statements verbally or in writing. Our forward-looking statements are based on our current expectations and projections regarding future events, derived from information presently available to us. Such statements pertain to future events or our future performance, including: our financial performance and outlook; our revenue and earnings growth; and our business prospects and opportunities. Forward-looking statements can be identified by their non-historical nature, particularly the use of terms such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or their negative counterparts or similar expressions. When evaluating these forward-looking statements, various factors should be considered, including: our capacity to adjust the Company’s strategic direction; our ability to adapt to new technologies and evolving market demands; and the competitive landscape of our industry. These factors, among others, could cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are merely predictions. The forward-looking events discussed in this press release, along with other statements made by us or our representatives from time to time, may not transpire, and actual events and outcomes could vary substantially, subject to risks, uncertainties, and assumptions concerning us. We are not obligated to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, or because the forward-looking events discussed in this press release and other statements made by us or our representatives from time to time might not materialize.
For Investor Relations, please contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
