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Multi Ways Holdings Announces Closing of $1.485 Million Registered Direct Offering

SINGAPORE, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways," the "Company" or the "Issuer") (NYSE: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 closing of the registered direct offering of 9,000,000 ordinary shares, par value $0.00025 per share, and warrants to purchase up to 9,000,000 ordinary shares.

The offering was priced at $0.165 per ordinary share and accompanying warrant. The Company received aggregate gross proceeds from the offering of $1,485,000. Each warrant will be exercisable at $0.198 per share for five years following issuance. The Company intends to use the net proceeds for working capital and general corporate purposes.

Spartan Capital Securities, LLC, acted as the exclusive placement agent for this registered direct offering. Ortoli Rosenstadt LLP acted as counsel to the Company. Sichenzia Ross Ference Carmel LLP acted as counsel to Spartan Capital Securities, LLC.

The registered direct offering was made pursuant to an effective 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 ...