S-1 · primary and resale
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
WFF$1.36+22.50%
WF Holding Ltd
Sector: Miscellaneous Manufacturing IndustriesIndustry: Manufacturing - TextilesCountry: MYExchange: Nasdaq
Mkt Cap:$7.94M
Float & O/S:
Inst Own:
DilutionScan read 33 of WF Holding Ltd's SEC filings and found 3 warrant series, 1 equity line, 1 shelf registration, 1 S-1 registration and 3 completed offerings on file for WFF. The latest dilution event on file is an offering on Oct 15, 2026. Analysis updated Oct 30, 2026.
Signal8 Summary
WFF
Severe dilution, cash-burning micro-cap
- Business
- WeakNet loss $4.8M on $7.4M revenue, cash $1.1M
- Stock risk
- High111M potential new shares vs 5M shares out, reverse split
Snapshot
WF Holding is a tiny Malaysia-based FRP products maker with $7.4M in FY 2025 revenue, up 61.9%, but it lost $4.8M for the year and burned $2.7M in free cash flow. Cash sits at just $1.1M.
What's Happening Right Now
- : WF Holding closed an $18 million registered direct offering of 12 million shares at $1.50 with attached warrants that can convert into up to 9 shares each (plus a 30-day right to raise another $18 million), and shares plunged with trading halted after the terms were disclosed on Oct 14-15, 2026.
- : Raised $18.00M in gross proceeds through a registered direct offering.
- : Issued warrants across 2 series.
- : Short interest fell 75.8% in September to 83,573 shares, pushing days-to-cover well under one.
- : A 6-K showed an $83.1 million net loss for H1 2026 (mostly a non-cash warrant fair-value charge), revenue down 13.1% to $3.06 million, cash down to $1.36 million, a 1-for-5 reverse split, authorization of up to 100 trillion shares, a $30 million equity line priced near 50% of market with a $0.10 floor, and a $5.0 million deposit toward a proposed RCL Kelstar acquisition.
- : WF Holding entered a $30 million standby equity purchase agreement with Javelin Global Investors, priced at the lower of $1.01 or 50% of recent lows with a $0.10 floor, issuing 750,000 shares upfront for a $3 million pre-paid credit.
- : Priced an offering for $1.89M in gross proceeds (closing not yet reported in the filings reviewed).
Raise routes on file: effective shelf + active equity line · latest dilution event 19 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 15, 2026 · Offering
Every warrant, convertible, ATM and shelf, cited to the filing
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Share count and cash history
Shares outstanding, potential dilution and cash over time
Completed
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Equity line
Issued 2026
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
F-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Registered direct offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your WFF trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
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