Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
19 September 2024 - 6:30AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of September 2024
Commission
File Number: 001-41669
Multi
Ways Holdings Limited
(Translation
of registrant’s name into English)
3E
Gul Circle
Singapore
629633
+65
6287 5252
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On
September 6, 2024, Multi Ways Holdings Limited (the “Company”) received a courtesy warning from NYSE Regulation of the NYSE
American LLC (“NYSE American”) that the Company’s current low selling share price raises concerns that Company’s
ordinary shares may not be suitable for auction market trading. NYSE American routinely provides this warning to any company whose stock
price falls below $1.00 over a 30-trading day average. NYSE American can commence delisting proceedings and immediately suspend trading
in the event that the Company’s ordinary shares trade at levels viewed to be abnormally low and no longer suitable for listing
pursuant to Section 1003(f)(v) of the NYSE American Company Guide. NYSE generally view trading below a price of $0.10 to be abnormally
low. This has no immediate effect on the listing or trading of the Company’s ordinary shares, which will continue to trade on the
NYSE American under the symbol “MWG”. Although the Company plans to use all reasonable efforts, including the potential use
of a reverse stock split, if necessary, to maintain compliance with Section 1003(f)(v) of the NYSE American Company Guide, there can
be no assurance that the Company will be successful in maintaining such compliance.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date:
September 18th, 2024 |
Multi
Ways Holdings Limited |
|
|
|
|
By: |
/s/
Lim Eng Hock |
|
Name: |
Lim
Eng Hock |
|
Title: |
Chief
Executive Officer and Director |
Multi Ways (AMEX:MWG)
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