APWC completes rights offering, raising $34.2 million

Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) completed its rights offering, raising gross proceeds of $34.2 million through the issuance of 20,616,227 shares at $1.66 per share.

Shareholders exercised their basic and over-subscription rights to acquire 18,165,738 common shares, while the remaining 2,450,489 unsubscribed shares were placed prior to the offering's expiration on February 20, 2026. The company achieved 100% completion of the maximum shares available in the rights offering.

Following the share issuance, APWC has 41,243,554 common shares issued, with 41,232,454 shares outstanding and 11,100 shares held in treasury. The rights offering was described in a prospectus filed with the Securities and Exchange Commission on December 18, 2025.

The company stated the proceeds will fund expansion of manufacturing capacity in Southeast Asia, planned entry into North America, and acquisition of products and technologies. APWC is a Bermuda-incorporated holding company with executive offices in Taiwan that manufactures and distributes enameled wire, power cable, and telecommunications products through subsidiaries in Thailand, Singapore, Australia, China, Hong Kong and other Asia Pacific markets.

The company's customers include appliance component manufacturers, electrical contracting firms, state-owned entities, and wire and cable dealers and factories. APWC also provides project engineering services for power cable supply, delivery and installation.

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