Multi Ways announces pricing of $1.485 million registered direct offering

* Multi Ways (NYSE:MWG [https://seekingalpha.com/symbol/MWG]) announced on Friday the pricing of a registered direct offering of 9 million ordinary shares, par value $0.00025 per share, and warrants to purchase up to 9 million ordinary shares.
* The offering is priced at $0.165 per ordinary share and accompanying warrant, with expected gross proceeds of $1.485 million.
* 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.
* MWG closed -4.25% at $0.335.
* Source: Press Release [https://seekingalpha.com/pr/20230973-multi-ways-holdings-announces-pricing-of-1_485-million-registered-direct-offering]

MORE ON MULTI WAYS HOLDINGS

* Financial information for Multi Ways Holdings [https://seekingalpha.com/symbol/MWG/income-statement]