Magnitude International Ltd Announces Subsequent Confirmation of Compliance with Nasdaq Periodic Filing Requirement

Nasdaq confirms Magnitude International’s filing compliance is restored, while a separate IM-5101-4 staff determination continues under review.

Rhea-AI Summary

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.

Positive

• Nasdaq compliance restored with Listing Rule 5250(c)(1) following Form 20-F filing
• Filing deficiency matter related to delayed Form 20-F is now closed by Nasdaq

Negative

• Separate Nasdaq staff determination under Listing Rule IM-5101-4 from August 3, 2026 remains under review

Market Context

Before publication, MAGH's market data showed a 9.21% 24-hour price change; the announcement confirm...

Analysis

Before publication, MAGH's market data showed a 9.21% 24-hour price change; the announcement confirmed resolution of the Form 20-F filing deficiency while stating that a separate Nasdaq review remained ongoing.

Key Figures

Compliance confirmation date: September 17, 2026

Compliance confirmation date

September 17, 2026

Nasdaq Rule 5250(c)(1) compliance confirmation after Form 20-F filing

Key Terms

form 20-f, nasdaq listing rule 5250(c)(1)

2 terms

form 20-f regulatory

"filing of its annual report on Form 20-F for the fiscal year ended April 30, 2026"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

nasdaq listing rule 5250(c)(1) regulatory

"regained compliance with Nasdaq Listing Rule 5250(c)(1)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

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Singapore, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Magnitude International Ltd (Nasdaq: MAGH) (“Magnitude International” or the “Company”), a mechanical and electrical engineering service provider that specializes in electrical works in Singapore, announced today that, following the filing of its annual report on Form 20-F for the fiscal year ended April 30, 2026 on September 17, 2026, The Nasdaq Stock Market LLC (“Nasdaq”) confirmed on September 17, 2026 that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1). Accordingly, this filing deficiency matter is now closed.

As previously announced, the Company received an additional staff determination notice on September 16, 2026, relating to the delayed filing of the Form 20-F described above.

The Company’s regained compliance with Rule 5250(c)(1) does not affect the prior staff determination from Nasdaq dated August 3, 2026, under Nasdaq Listing Rule IM-5101-4, which remains a separate subject of ongoing review.

About Magnitude International Ltd

Magnitude International Ltd is a mechanical and electrical engineering service provider that specializes in electrical works in Singapore. Through its operating subsidiaries in Singapore, the Company has participated in numerous private and public sectors green field and brown field projects, mainly involving residential or mixed development type properties. The group was founded in 2012 by Mr. Lim Say Wei, our Chief Executive Officer.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will’, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks, including, without limitation, those risk factors that are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Investor Relations
Visit https://bnlengrg.com/contact-us/
Or contact us at enquiry@magnitude-int.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notice did Magnitude International receive on September 16, 2026?

On September 16, 2026, Magnitude International received an additional Nasdaq staff determination notice relating to the delayed filing of its annual report on Form 20-F for the fiscal year ended April 30, 2026.

Does restoring compliance with Rule 5250(c)(1) resolve all Nasdaq matters for Magnitude International?

No. While Nasdaq confirmed that Magnitude International has regained compliance with Listing Rule 5250(c)(1) and closed that filing deficiency matter, a prior staff determination dated August 3, 2026 under Nasdaq Listing Rule IM-5101-4 remains a separate subject of ongoing review.