Business Context and Reporting Period
Multi Ways Holdings Limited, a Cayman Islands exempted company, filed this Form 6-K on February 12, 2026, for the month of February 2026. The filing primarily announces a corporate action approved by the Board of Directors on January 30, 2026.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure adjustments.
Material Changes
- Reverse Share Split: The Company implemented a 1-for-10 reverse share split for both Class A and Class B ordinary shares.
- Par Value Adjustment: The par value for Class A and Class B shares increased from $0.00025 to $0.0025 per share.
- Authorized Capital: The authorized share capital is adjusted to US$2,500,000, comprising 800,000,000 Class A shares, 100,000,000 Class B shares, and 1,000,000,000 preferred shares.
- Fractional Shares: Any fractional shares resulting from the split are rounded to the nearest whole share.
Outlook and Management Commentary
Management announced that Class A ordinary shares are expected to begin trading on a post-split basis on the NYSE American on February 23, 2026. The trading symbol remains "MWG," but the CUSIP number has changed to G6362F116. No specific financial guidance, risk factors, or contingencies were disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the reverse share split (February 23, 2026) on the NYSE American.
- Confirm the new CUSIP number (G6362F116) with your brokerage to ensure proper trade execution.
- Check the number of shares held post-split to ensure the 1-for-10 ratio and rounding rules were applied correctly.
- Review the Company's most recent Form 20-F for actual financial performance data, as this filing contains none.