APWC Completes $34.2M Rights Offering, Issuing 20.6M Shares at $1.66
APWC raised gross proceeds of $34.2 million by issuing 20,616,227 shares at $1.66 in a fully subscribed rights offering with 18,165,738 shares exercised and 2,450,489 remainder shares sold. Post-offering share count stands at 41,243,554 issued and 41,232,454 outstanding, with 11,100 held in treasury.
1. Rights Offering Results
APWC completed its rights offering on February 20, 2026, issuing the maximum 20,616,227 common shares at $1.66 each. Shareholders exercised 18,165,738 basic and over-subscription rights, while 2,450,489 remainder shares were placed prior to expiration, generating $34.2 million in gross proceeds.
2. Capital Structure Post-Offering
Following the issuance, APWC’s total common shares issued increased to 41,243,554, with 41,232,454 shares outstanding and 11,100 shares held in treasury. This issuance marks 100% subscription of the maximum shares authorized under the offering.
3. Planned Use of Proceeds and Growth Strategy
Proceeds will fund expansion of manufacturing capacity in Southeast Asia, support planned entry into the North American market, and finance acquisitions of key products and technologies. Management views this capital raise as the first step in scaling operations, securing new orders, and deepening customer relationships.