WF Holding Ltd (WFF) Form 6-K — Oct 2, 2026
WF Holding reported a net loss of $83.1 million for the six months ended June 30, 2026, versus a $320,544 loss a year earlier. The loss was driven by an $82.0 million non-cash fair value loss on warrant liabilities tied to the June 2026 private placement and immediate cashless warrant exercise, which expanded shares outstanding from 5.0 million to 45.4 million after a 1-for-5 reverse split. Core operations also weakened: revenue fell 13.1% to $3.06 million and gross margin halved to 19.32% on higher freight costs and lower volumes, while operating cash burn widened to $5.8 million, leaving just $1.36 million in cash at June 30, 2026.
Key figures
- Revenue
- 3055765
- Revenue Yoy
- -13.1%
- Total Assets
- 14895042
- Cash Position
- 1360903
- Shares Outstanding
- 45360598
- Gross profit
- 590250
- Gross margin 2025
- 33.97%
- Gross margin 2026
- 19.32%
- Sepa drawn to date
- 1890000
- Reverse split ratio
- 1:5
- Sepa prepaid credit
- 3000000
- Sepa commitment amount
- 30000000
- Warrant fair value loss
- 81988910
- Shares outstanding prior year
- 5038018
- Private placement gross proceeds
- 5000000
AI analysis
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