Monitor the first day of trading on May 14 for price discovery and volume. The upsized offering suggests strong demand, but the $22.8M raise is modest for a Nasdaq listing. Watch for post-IPO lockup expirations and the company's ability to execute on its DSMM and micAuto-PF roadmap.
Price Chart
Executive Summary
Micware priced its upsized IPO of 2.85M ADSs at $8.00/ADS, raising $22.8M in gross proceeds for its automotive software platform. The offering, upsized from an undisclosed base, is set to close May 15, 2026, with the ADSs listing on Nasdaq under 'MWC'.
Key Financial Metrics
Key Facts
- IPO priced at $8.00 per ADS, upsized to 2,850,000 ADSs from an undisclosed base.
- Gross proceeds of $22.8 million before underwriting discounts and expenses.
- Underwriters granted a 45-day option to purchase up to 427,500 additional ADSs for over-allotments.
- Proceeds allocated to DSMM project, micAuto-PF platform expansion, general corporate purposes, strategic investments, and marketing.
- Listing on Nasdaq Global Market expected to commence May 14, 2026 under ticker 'MWC'.
- A.G.P./Alliance Global Partners is sole book-running manager.
- Registration statements on Form F-1 (333-294081) and Rule 462(b) declared effective May 13, 2026.
Financial Impact
Gross proceeds of $22.8 million from the IPO, with potential additional $3.42 million from full exercise of over-allotment option.
Risk Factors
- Dilution from the offering and potential over-allotment shares.
- Execution risk on DSMM and micAuto-PF platform expansion.
- Dependence on major Japanese OEMs (Honda, Toyota) for revenue.
- Limited trading history and liquidity as a newly public company.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294572 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | 6-K | $1.75 | awaiting T+60 | — | $1.51 (−13.43%) |
Sep 15, 2026 6w ago | Press Release | $1.97 | awaiting T+60 | — | $1.51 (−23.10%) |
Sep 9, 2026 6w ago | 6-K | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Sep 3, 2026 7w ago | 6-K | $1.40 | awaiting T+60 | — | $1.51 (+8.21%) |
Aug 7, 2026 11w ago | 6-K | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Aug 7, 2026 11w ago | Press Release | $1.41 | awaiting T+60 | — | $1.51 (+7.45%) |
Aug 6, 2026 11w ago | Press Release | $1.49 | awaiting T+60 | — | $1.51 (+1.68%) |
Jul 10, 2026 15w ago | 6-K | $3.36 $1.57 | ▼ −53.42% | ▼ −56.06% | $1.51 (−54.91%) |
Jun 30, 2026 17w ago | 6-K | $3.75 $1.75 | ▼ −53.33% | ▼ −56.21% | $1.51 (−59.60%) |
Jun 30, 2026 17w ago | 20-F | $3.75 $1.75 | ▼ −53.33% | ▼ −56.21% | $1.51 (−59.60%) |
US Market Status
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