Multi Ways Holdings Limited Announces 1-for-10 Reverse Share Split Effective February 23, 2026
MWN-AI** Summary
Multi Ways Holdings Limited, a notable supplier of heavy construction equipment in Singapore, has announced a 1-for-10 reverse share split effective February 23, 2026. This decision was approved by the company’s board of directors on January 30, 2026, and aims to consolidate its Class A and Class B ordinary shares, with ten shares of each class merging into one share. Following the split, the par value of the Class A and B shares will increase from US$0.00025 to US$0.0025.
The reverse split will see approximately 4,142,000 Class A shares and 1,000,000 Class B shares outstanding post-split, with adjustments made according to a new CUSIP number – G6362F116. The reverse share split is critical for the company to increase its share price, thereby maintaining its listing on the NYSE American, where they will continue trading under the symbol “MWG”.
To address any fractional shares resulting from the split, shareholders will have their entitlements rounded up to the nearest whole share. This strategic move was previously ratified by shareholders at an extraordinary meeting held on November 26, 2025. VStock Transfer, LLC will serve as the exchange agent for this consolidation process.
Multi Ways Holdings, with over two decades of experience, offers an extensive selection of new and used construction equipment across various regions, including Singapore, Australia, and the Philippines. With its focus on customer satisfaction and a diverse inventory complemented by refurbishment services, the company positions itself as a reliable one-stop shop in the construction equipment industry.
For more information, stakeholders can visit the company’s official website or contact VStock Transfer for further assistance regarding the share consolidation.
MWN-AI** Analysis
Multi Ways Holdings Limited's recent announcement of a 1-for-10 reverse share split, effective February 23, 2026, presents both challenges and opportunities for investors. The move is strategically aimed at boosting the company's share price in order to maintain its listing on the NYSE American, indicating a form of corporate restructuring aimed at stabilizing market perception.
Investors should note that the reverse split is often interpreted as a signal that a company may be addressing issues such as declining share price or market confidence. While reversing shares can improve the price per share, it does not inherently create additional value; rather, it recalibrates the stock’s face value. Following the split, the new par value will be US$0.0025 for both Class A and Class B shares. As a result, Multi Ways will have approximately 4.14 million Class A shares outstanding, which may lead to decreased liquidity and increased volatility in the short term.
Focusing on the company's operational fundamentals is crucial. Multi Ways specializes in the heavy construction equipment sector, a field that generally sees cyclical demand tied to construction and infrastructure projects. The increasing adoption of advanced machinery and refurbishment services enhances their competitive position. However, potential investors should evaluate the extent of Multi Ways' exposure to economic fluctuations and competitor actions in the APAC region.
Look for key indicators post-split, such as changes in trading volumes and investor sentiment. Given the current economic landscape, assess how company performance aligns with broader market trends in construction and infrastructure development. The reverse split can be an opportunity for long-term investors willing to embrace the volatility, particularly if the company effectively leverages its strong market position moving forward. As always, thorough due diligence is essential before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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**
How will the Reverse Share Split of Multi Ways Holdings Limited impact the liquidity and trading volume of the Class A shares, especially in relation to institutional investors like "Morgan Stanley Cap Tr IV Gtd Cap Secs MWG"?
Given the reverse split’s aim to raise the share price to maintain NYSE American listing, what strategies does MWG have in place to attract investment from entities like "Morgan Stanley Cap Tr IV Gtd Cap Secs MWG" post-split?
How does MWG plan to communicate the implications of the Reverse Share Split to its shareholders and potential investors, including entities like "Morgan Stanley Cap Tr IV Gtd Cap Secs MWG"?
What measures is MWG taking to ensure that the reverse split aligns with its long-term growth strategy and appeals to institutional investors such as "Morgan Stanley Cap Tr IV Gtd Cap Secs MWG"?
**MWN-AI FAQ is based on asking OpenAI questions about Morgan Stanley Cap Tr IV Gtd Cap Secs (NYSE: MWG).
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