Business
SPARTAN CAPITAL SECURITIES, LLC SERVES AS EXCLUSIVE PLACEMENT AGENT FOR MULTI WAYS HOLDINGS’ $1.485 MILLION SECOND TRANCHE, BRINGING TOTAL REGISTERED DIRECT OFFERING TO $2.97 MILLION
New York, NY, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC (“Spartan Capital”), a premier investment banking firm, announced the closing of the second tranche of a registered direct offering for Multi Ways Holdings Limited (NYSE American: MWG), a leading supplier of heavy construction equipment in Singapore and the surrounding region. The second tranche consisted of 9,000,000 ordinary shares priced at $0.165 per ordinary share and accompanying warrant, and warrants to purcha
About this update from Multi Ways Holdings Limited
[{"type":"image","alt":"Spartan Capital Securities, LLC","displaySize":"","headline":null,"caption":"Spartan Capital Securities, LLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":98,"url":"https://media.zenfs.com/en/globenewswire.com/3782396156a864df4205f88bae0b17cc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cAuJsOyL2Wz202dUc1iJwQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3782396156a864df4205f88bae0b17cc","width":300,"height":98}},"lazy":false},{"type":"text","content":"New York, NY, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC (“Spartan Capital”), a premier investment banking firm, announced the closing of the second tranche of a registered direct offering for Multi Ways Holdings Limited (NYSE American: MWG), a leading supplier of heavy construction equipment in Singapore and the surrounding region.","length":357,"tagName":"p"},{"type":"text","content":"The second tranche consisted of 9,000,000 ordinary shares priced at $0.165 per ordinary share and accompanying warrant, and warrants to purchase up to 9,000,000 ordinary shares. The Company received aggregate gross proceeds of $1,485,000 from this tranche. Combined with the first tranche, the total gross proceeds raised through the offering amount to $2,970,000.","length":364,"tagName":"p"},{"type":"text","content":"Each warrant is exercisable at $0.198 per share and will remain exercisable for five years from the date of issuance. Multi Ways intends to use the net proceeds for working capital and general corporate purposes.","length":212,"tagName":"p"},{"type":"text","content":"“This successful financing highlights our commitment to providing international issuers with access to U.S. investors and capital markets,” said John Lowry, CEO of Spartan Capital Securities, LLC. “We are pleased to partner with Multi Ways Holdings as they continue to grow their platform across Asia-Pacific.”","length":310,"tagName":"p"},{"type":"text","content":"Ortoli Rosenstadt LLP acted as counsel to Multi Ways Holdings Limited. Sichenzia Ross Ference LLP acted as counsel to Spartan Capital Securities, LLC.","length":150,"tagName":"p"},{"type":"text","content":"The registered direct offering was made pursuant to an effective registration statement on Form F-1 (File No. 333-286220) initially filed with th...