F-1/A: APWC Amends F-1, Incorporates Q3 2025 Results

Sentiment:

Amendment to F-1 Registration Statement


Asia Pacific Wire & Cable Corporation Limited filed Amendment No. 3 to its F-1 registration statement, incorporating Q3 2025 financial results and updating auditor consent for its subscription rights offering.

Delay expectedThe effective date of the Registration Statement is being delayed until the Registrant files a further amendment or the SEC determines its effectiveness.
Capital raiseThe filing relates to the registration of Subscription Rights to purchase 20,616,227 Common Shares.The proposed maximum aggregate offering price for the Common Shares is $34,222,936.82.Each Common Share will be issued one subscription right, with no separate consideration for the rights.

Summary

  • Amendment No. 3 to Form F-1 Registration Statement (No. 333-289970) was filed on November 26, 2025.
  • The amendment incorporates by reference the financial results for the third quarter of 2025, as contained in the Form 6-K filed with the SEC on November 14, 2025.
  • It also includes an updated Consent of PricewaterhouseCoopers dated November 26, 2025, replacing the previously filed consent.
  • The registration statement relates to subscription rights to purchase 20,616,227 Common Shares.
  • The proposed maximum aggregate offering price for the Common Shares is $34,222,936.82.
  • A registration fee of $5,239.53 was previously paid.
  • Each Common Share will be issued one subscription right, with no separate consideration payable for the rights.
  • The Registrant is an emerging growth company.

Sentiment

Score: 5

Explanation: This is a neutral, procedural filing primarily focused on updating a registration statement and incorporating financial results by reference, rather than announcing new operational or financial performance.

Risks

  • The effective date of the Registration Statement is being delayed until a further amendment is filed or the Securities and Exchange Commission determines its effectiveness.

Future Outlook

The proposed sale to the public is expected as soon as practicable after the effective date of this Registration Statement. The Registrant will delay the effective date until a further amendment is filed or the SEC determines its effectiveness.

Management Comments

  • Management certifies that the Registrant has reasonable grounds to believe it meets all requirements for filing on Form F-1.

Stakeholder Impact

  • Shareholders: Potential opportunity to exercise subscription rights to acquire additional common shares.
  • Investors: Access to updated financial information for Q3 2025 through incorporated references.

Next Steps

  • Filing of a further amendment to specifically state that the Registration Statement shall become effective, or the SEC determining the effective date.
  • Proposed sale to the public of Common Shares upon exercise of subscription rights after the effective date of the Registration Statement.

Key Dates

DateDescription
June 21, 2001Memorandum of Association of Asia Pacific Wire & Cable Corporation Limited (Exhibit 3.1) incorporated by reference.
November 9, 2007Code of Ethics (Exhibit 14) incorporated by reference.
April 30, 2012Third Amended and Restated Bye-Laws (Exhibit 3.2) incorporated by reference.
March 31, 2024Description of the Rights of Holders of Common Shares (Exhibit 4.1) incorporated by reference.
March 31, 20252024 Annual Report on Form 20-F filed with the SEC.
August 14, 2025Form 6-K containing financial results for the second quarter of 2025 filed with the SEC.
August 29, 2025Original Form F-1 Registration Statement (No. 333-289970) filed.
September 19, 2025Amendment No. 1 to Form F-1 filed; previous Consent of PricewaterhouseCoopers dated.
October 14, 2025Amendment No. 2 to Form F-1 filed.
November 14, 2025Form 6-K containing financial results for the third quarter of 2025 filed with the SEC.
November 26, 2025Filing date of Amendment No. 3 to Form F-1; new Consent of PricewaterhouseCoopers dated.

Keywords

Asia Pacific Wire & Cable, APWC, F-1/A, Registration Statement, Subscription Rights, Common Shares, SEC Filing, Q3 2025 Financial Results, PricewaterhouseCoopers, Capital Raise

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