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Multi Ways Holdings Ltd 6-K-A Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Multi Ways Holdings Ltd
,

Filing date:

02/21/2025

TLDR:

Multi Ways Holdings Limited is amending its previous report to correct the number of ordinary shares issued under its 2023 Equity Incentive Plan to executives and employees as compensation.

ELI5:

The company is fixing a mistake in a previous report about how many shares were given to employees as part of their compensation.

Accession #:

0001493152-25-007879

Published on

Analyst Summary

  • Amendment No. 1 to Form 6-K filed to correct a clerical error regarding the number of ordinary shares issued pursuant to the Company’s 2023 Equity Incentive Plan.
  • On August 1, 2024, 1,000,000 and 700,000 ordinary shares were issued to Lim Eng Hock and Lee Noi Geck, respectively.
  • On September 25, 2024, 500,000 and 100,000 shares were issued to Lim Mei Jun and Tan Lu Chong, respectively.
  • An additional 190,000 shares were issued to certain other employees on September 25, 2024.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️