Multi Ways Holdings shares fall 10.37% after-hours as company announces 1-for-10 reverse share split to maintain NYSE American listing.

Multi Ways Holdings Limited fell 10.37% in after-hours trading following the announcement of a 1-for-10 reverse share split for its Class A and Class B ordinary shares, effective February 23, 2026. The move, approved by shareholders in November 2025 and the board in January 2026, aims to raise the stock price to meet NYSE American listing requirements. While the company emphasized the split’s role in maintaining compliance, the decline reflects investor skepticism, as reverse splits often signal financial distress or a lack of confidence in sustained price recovery. The adjustment will reduce the number of outstanding shares and increase par value, but the market reaction suggests concerns about underlying performance or liquidity challenges.