Magnitude International Ltd (NASDAQ: MAGH) is a Singapore-based electrical installation service provider operating in the engineering and construction industry. The company focuses on electrical installation work for both private and public sector customers in Singapore and primarily acts as the main electrical contractor on construction projects.
This news page for MAGH highlights company announcements and developments related to its business as disclosed in public communications. Readers can find updates connected to its role as an electrical installation contractor, its participation in greenfield and brownfield projects, and its activities in the Singapore market.
Coverage can include information drawn from official press releases, such as announcements about its initial public offering of ordinary shares on the Nasdaq Capital Market and related capital markets activity. Disclosures about how the company intends to use offering proceeds, including expansion and growth plans, workforce expansion, system digitalization, and investment in software solutions, may also appear in news items sourced from company statements.
By following Magnitude International Ltd news, investors and observers can see how the company describes its mission to become an integrated one-stop electrical installation services provider in Singapore and how it positions its services, including installation of generators, transformers, rewiring work and solar panel system installation. This page aggregates such updates so that users can review company-related news in one place over time.
Magnitude International (MAGH) received an additional Nasdaq staff determination on September 16, 2026, citing noncompliance with Listing Rule 5250(c)(1) after it failed to timely file its Form 20-F for the fiscal year ended April 30, 2026.
This notice provides an additional basis for a previously notified potential delisting of the company’s securities. The late Form 20-F filing was attributed to internal administrative procedures at the company’s independent registered public accounting firm. The company filed the delayed Form 20-F on September 17, 2026. The new determination does not have any immediate effect on Magnitude International’s ongoing business operations or financial condition, and the company reports that it continues to conduct business in the ordinary course.
Magnitude International (MAGH) filed its annual report on Form 20-F for the fiscal year ended April 30, 2026 on September 17, 2026, and Nasdaq confirmed the same day that the company has regained compliance with Nasdaq Listing Rule 5250(c)(1).
This confirmation closes the related periodic filing deficiency matter. Magnitude International previously received an additional Nasdaq staff determination notice on September 16, 2026 regarding the delayed filing of this Form 20-F. The company’s regained compliance with Rule 5250(c)(1) does not affect a separate prior staff determination dated August 3, 2026 under Nasdaq Listing Rule IM-5101-4, which remains under ongoing review.
Magnitude International (Nasdaq: MAGH) announced it received a Staff Delisting Determination from Nasdaq’s Listing Qualifications Department dated August 3, 2026, stating Nasdaq has determined to delist the company’s securities under its discretionary authority in Nasdaq Listing Rule IM-5101-4, following a prior SEC trading suspension and ongoing Nasdaq trading halt.
The company intends to request a hearing before a Nasdaq Hearings Panel under Rule 5815, which will automatically stay any delisting or suspension action pending a decision, although the existing trading halt will remain unless lifted by Nasdaq. According to Magnitude International, Nasdaq has not communicated any finding that the company engaged in wrongdoing related to trading activity, and the notice does not immediately affect the company’s operations or financial condition.
The Nasdaq Stock Market (Nasdaq: NDAQ) notified Magnitude International (Nasdaq: MAGH) that its securities are scheduled for delisting from Nasdaq on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted from trading until any appeal is resolved, and may become eligible for over-the-counter trading after removal. Nasdaq is using its authority under IM-5101-4, following an SEC temporary trading suspension and Nasdaq’s trading halt on December 19, 2025.
Magnitude International Ltd (Nasdaq: MAGH), a Singapore-based electrical installation service provider, has successfully completed its initial public offering. The company raised US$8.8 million through the sale of 2,200,000 ordinary shares at US$4.00 per share.
Of the total shares offered, 1,650,000 were sold by the company, while selling shareholder XJL International Ltd sold 550,000 shares. Trading commenced on the Nasdaq Capital Market on August 12, 2025, under the ticker symbol "MAGH". Bancroft Capital, LLC served as the sole underwriter for this firm commitment offering.
Magnitude International Ltd (Nasdaq: MAGH), a Singapore-based electrical installation service provider, has announced the pricing of its initial public offering of 2,200,000 ordinary shares at $4.00 per share, raising total gross proceeds of $8.8 million.
The IPO consists of 1,650,000 shares offered by the company and 550,000 shares from an existing shareholder. Trading is set to commence on August 12, 2025, on the Nasdaq Capital Market under the symbol "MAGH". The company plans to use the proceeds for strategic acquisitions, materials purchase, workforce expansion, facility upgrades, and digital transformation initiatives.