If you were watching premarket trading, you saw Multi Ways Holdings Ltd (MWG) put on quite a show. The Singapore-based company's shares rocketed nearly 60% higher after releasing financial results that showed the kind of growth investors dream about.

Multi Ways reported net revenue of $26.44 million for the six months ended June 30, representing an 87.65% jump from $14.09 million during the same period last year. That's the kind of number that gets traders' attention before the opening bell.

Shares of Multi Ways Holdings climbed 59.6% to $0.40 in premarket trading on the news.

But Multi Ways wasn't the only stock making waves before the market opened. Here's a look at the other notable movers in early trading.

The Winners

Indaptus Therapeutics Inc (INDP) led the gainers with a 62.1% surge to $3.21 in premarket trading. The company disclosed in an 8-K filing that investor David E. Lazar purchased 300,000 shares of Series AA Preferred Stock and 700,000 shares of Series AAA Preferred Stock at $6.00 per share on Monday, bringing in $6 million in aggregate gross proceeds. Nothing says confidence like a multimillion-dollar investment.

X3 Holdings Co Ltd (XTKG) bounced back with a 43.5% gain to $0.24 in premarket trading. This came after the stock had plummeted 90% on Tuesday, so we're seeing some recovery action here.

Northann Corp (NCL) climbed 38.8% to $0.24 in premarket trading, recovering some ground after falling 34% on Tuesday. The previous day's decline came after the company engaged Linkun Investment and Lu Wang for strategic planning advisory services related to its business development.

Dynavax Technologies Corp (DVAX) gained 37.7% to $15.33 in premarket trading after Sanofi (SNY) agreed to acquire the company at $15.50 per share, valuing Dynavax at $2.2 billion. When a major pharmaceutical company comes knocking with a multibillion-dollar offer, the market tends to respond enthusiastically.

Starfighters Space Inc (FJET) shares jumped 18.2% to $15.30 in premarket trading after dropping 59% on Tuesday. The volatility appears to be typical post-IPO price swings as the market figures out where the stock should trade.

Sidus Space Inc (SIDU) rose 17% to $1.93 in premarket trading. This followed a 28% decline on Tuesday after the company announced the pricing of its $25 million offering of 19,230,800 shares at $1.30 per share. Dilution concerns hit the stock initially, but buyers stepped in during premarket hours.

Functional Brands Inc (MEHA) gained 13.5% to $0.25 in premarket trading after declining 4% on Tuesday.

Skye Bioscience Inc (SKYE) gained 11.9% to $0.95 in premarket trading. The company entered into a non-exclusive licensing and collaboration agreement with Halozyme for Subcutaneous Nimacimab using ENHANZE Technology.

UiPath Inc (PATH) rose 8.7% to $17.35 in premarket trading after the announcement that the company will join the S&P Midcap 400. Index inclusion often brings automatic buying from funds that track the index, which explains the positive market reaction.

The Losers

Picocela Inc (PCLA) fell 26.1% to $0.27 in premarket trading, giving back a chunk of Tuesday's 192% surge. What goes up dramatically can come down just as quickly.

Can Fite Biopharma (CANF) fell 25% to $0.18 in premarket trading after the company disclosed a 1-for-3,000 reverse share split. That's an unusually aggressive reverse split ratio, and the market clearly wasn't pleased with the move.

FBS Global Ltd (FBGL) tumbled 12% to $0.88 in premarket trading.

Femasys Inc (FEMY) fell 11.8% to $0.71 in premarket trading. The company filed a prospectus for the offer and sale of shares in a $9.8 million common stock offering. Shareholders often react negatively to dilution from new offerings.

Coincheck Group NV (CNCK) declined 10.9% to $2.28 in premarket trading.

SeaStar Medical Holding Corp (ICU) fell 9.5% to $0.21 in premarket trading after the company announced a 1-for-10 reverse split. Reverse splits tend to signal trouble, and investors generally don't love them.

Haoxin Holdings Ltd (HXHX) dipped 9.3% to $0.79 in premarket trading after dropping more than 32% on Tuesday. The selling pressure continued into the next session.

EUDA Health Holdings Ltd (EUDA) shares dipped 8.3% to $1.75 in premarket trading. This came after the stock had jumped 41% on Tuesday following the company's announcement of a comprehensive stem cell therapy platform and the establishment of its first clinic in Shenzhen, China. Some profit-taking appears to be underway.

Ascent Solar Technologies, Inc. (ASTI) dipped 7.6% to $4.67 in premarket trading after jumping 30% on Tuesday.

Jet.AI Inc (JTAI) fell 5.3% to $0.82 in premarket trading after declining 28% on Tuesday. The company had announced a planned joint venture with Choo Choo Express to develop a 50-megawatt data center campus in Nevada, but the market reaction has been underwhelming so far.