WF Holding raises $18M in registered direct offering

WF Holding Limited announced a registered direct offering to issue 12 million shares at $1.50 each, raising approximately $18 million gross from institutional investors. The company will also issue 12 million warrants with a $1.50 exercise price, immediately exercisable for one year, including zero-cash exercise options for up to nine shares. Investors may purchase up to $18 million in additional securities within 30 days. The offering closes around Thursday, with Univest Securities as placement agent. The offering follows an effective SEC Form F-3 shelf registration from June 10, 2026. WF Holding, an ISO 9001:2015-certified Malaysian manufacturer of fiberglass reinforced plastic products, has operated for over 30 years.