Asia Pacific Wire & Cable Corporation Limited Announces Final Results of the Rights Offering

TAIPEI, Taiwan, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced the successful completion and final results of its rights offering, as described in the rights offering prospectus filed December 18, 2025 with the Securities and Exchange Commission ("Rights Offering"). Of the 20,616,227 maximum issuable shares, shareholders exercising their basic and over-subscription rights acquired 18,165,738 Common Shares and the remaining 2,450,489 Common Shares unsubscribed ("Remainder Shares") were placed prior to the Rights Offering's expiration on February 20, 2026, generating gross proceeds of $34.2 million. Following the issuance of the shares acquired in the Rights Offering, APWC has issued 41,243,554 Common Shares, with 41,232,454 Common Shares outstanding and 11,100 Common Shares held in Treasury.

The successful sale of the Remainder Shares marked 100% target completion of the maximum shares issuable in the Rights Offering, all at the price of $1.66 per share.

The successful and swift completion of the Rights Offering marks an important first step in APWC’s growth strategies. The proceeds will provide funding for APWC’s expansion of manufacturing capacity in Southeast Asia, planned entry into North America, and for the acquisition of key products and technologies to drive long-term growth. APWC is well positioned to secure new orders, deepen customer relationships, and scale up operations as the global supply chain pivots, providing a long and visible runway for sustainable growth.

About Asia Pacific Wire & Cable Corporation Limited:

Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through subsidiaries primarily engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong and certain other markets in the Asia Pacific region. The Company also engages in the distribution of certain wire and cable products manufactured by its controlling shareholder, PEWC, and certain third parties. The Company also provides project engineering services in the supply, delivery and installation of power cable. The Company’s major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.