Multi Ways Holdings Sets 1-for-10 Reverse Share Split to Preserve NYSE American Listing

The latest update is out from Multi Ways Holdings Limited ( (MWG) ).

Multi Ways Holdings Limited, a Singapore-headquartered heavy construction equipment sales and rental provider with over 20 years of operating history, serves contractors across Asia-Pacific and the Middle East with new and used machinery, backed by refurbishment and cleaning services. The company has built a regional footprint supplying customers in Singapore, Australia, the UAE, the Maldives, Indonesia and the Philippines, and markets itself as a one-stop shop for a wide range of equipment needs.

On January 30, 2026, Multi Ways’ board approved a 1-for-10 reverse share split of its Class A and Class B ordinary shares, which will take effect for trading on the NYSE American on February 23, 2026 under the existing ticker MWG and a new CUSIP. Under the move, every ten existing shares will be combined into one share, increasing par value to US$0.0025 for both classes and reducing the outstanding float to about 4.142 million Class A shares and 1 million Class B shares, a corporate action the company says is aimed at boosting its share price to maintain its NYSE American listing.

The reverse split, first approved by shareholders at an extraordinary general meeting on November 26, 2025, will not produce fractional shares, with any resulting fractions rounded up to the nearest whole share. The company’s authorized share capital will be restructured to US$2.5 million, divided among Class A, Class B and preferred shares, while VStock Transfer, LLC will manage the exchange of physical share certificates, underscoring an effort to preserve U.S. market access for existing and prospective investors.

The most recent analyst rating on (MWG) stock is a Sell with a $0.21 price target. To see the full list of analyst forecasts on Multi Ways Holdings Limited stock, see the MWG Stock Forecast page.

Spark’s Take on MWG Stock

According to Spark, TipRanks’ AI Analyst, MWG is a Neutral.

The score is primarily weighed down by weak financial performance, especially losses and negative operating/free cash flow. Technicals add modest downside due to the price trading below key moving averages, while valuation is constrained by a negative P/E and no stated dividend yield.

To see Spark’s full report on MWG stock, click here.

More about Multi Ways Holdings Limited

Multi Ways Holdings Limited is a Singapore-based supplier of heavy construction equipment for sale and rental, serving Singapore and the surrounding region. With more than two decades in the sector, it provides new and used machinery plus refurbishment and cleaning services to customers across markets including Australia, the UAE, the Maldives, Indonesia and the Philippines, positioning itself as a one-stop equipment provider.

Average Trading Volume: 5,773,246

Technical Sentiment Signal: Sell

Current Market Cap: $12.24M

For an in-depth examination of MWG stock, go to TipRanks’ Overview page.