Multi Ways Holdings Limited announced the closing of the second tranche of a registered direct offering, selling 9,000,000 ordinary shares and warrants. Priced at $0.165 per share, the offering generated $1,485,000 in gross proceeds. Each warrant can be exercised at $0.198 per share over five years. The net proceeds will be used for working capital and general purposes. Spartan Capital Securities, LLC, served as the exclusive placement agent. The offering was made under an effective registration statement filed with the SEC. Multi Ways Holdings supplies heavy construction equipment for sales and rental in Singapore and the region.

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