Asia Pacific Wire & Cable Corporation Limited Announces Results of the Rights Offering

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[{"type":"text","content":"TAIPEI, Taiwan, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced the conclusion of the subscription period (the “Subscription Period”) for APWC’s shareholders to exercise basic and over-subscription rights (the “Rights”) for the issuance of 20,616,227 Common Shares (the “Rights Shares”) as described in the rights offering prospectus filed December 18, 2025 with the U.S. Securities and Exchange Commission (the “Rights Offering”).","length":520,"tagName":"p"},{"type":"text","content":"During the Subscription Period, which started December 18, 2025 and ended January 23, 2026, a total of 18,165,738 Rights for the subscription of 20,616,227 Rights Shares were exercised, representing approximately 88.11% of the offered Rights Shares for gross proceeds of approximately $30.2 million.","length":299,"tagName":"p"},{"type":"text","content":"The remaining 2,450,489 Rights Shares which were not subscribed for, or for which subscription failed during the Subscription Period (the “Remainder Shares”), representing approximately 11.89% of the offered Rights Shares, will be offered by APWC for sale to eligible investors at a price no less than the Rights Offering’s subscription price, in accordance with applicable securities laws (the Remainder Shares and together with the Rights Offering, the “Remainder Offering”).","length":477,"tagName":"p"},{"type":"text","content":"The Remainder Offering will commence immediately and continue until the close of business on February 20, 2026. The Remainder Offering will not delay issuance of the Rights Shares subscribed for during the Subscription Period.","length":226,"tagName":"p"},{"type":"text","content":"The successful and swift completion of the Rights Offering marks an important first step in APWC’s growth strategies. The proceeds will provide fundings for APWC’s expansion of manufacturing capacity in North America and Southeast Asia and for the acquisition of key products and technologies to drive long-term growth. These strategies are aimed at leveraging recently signed trade deals between the US and Asia-Pacific trading partners that incentivize the rebuilding of a resilient supply chain and manufacturing sector in the United States. We expect accelerated demand in advanced electronics, components, and energy in...

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