Megan Holdings Limited Announces Pricing of $5 Million Initial Public Offering
Rhea-AI Summary
Megan Holdings Limited (NASDAQ:MGN), a Malaysia-based aquaculture farm development company, has announced the pricing of its initial public offering of 1,250,000 ordinary shares at $4.00 per share. The company expects to raise $5 million in gross proceeds before deducting expenses.
The shares will begin trading on September 26, 2025 on the Nasdaq Capital Market under the symbol "MGN". Underwriters have a 45-day option to purchase up to 187,500 additional shares for over-allotments. The IPO proceeds will fund sales and marketing, M&A opportunities, development of their Smart Farming System, and general working capital.
D. Boral Capital LLC is serving as the sole book-running manager for this firm commitment offering, which is expected to close around September 29, 2025.
Positive
- IPO provides $5 million in fresh capital for growth initiatives
- Listing on NASDAQ increases visibility and access to capital markets
- Clear allocation of funds for strategic growth areas including M&A and Smart Farming System
- Firm commitment offering structure provides certainty of funding
Negative
- Small offering size of only $5 million may limit growth potential
- Single book-runner structure might affect trading liquidity
- Potential dilution from 187,500 additional shares if over-allotment option is exercised
Insights
Megan Holdings priced its IPO at $4/share, raising $5M to fund aquaculture business growth and technology development.
Megan Holdings Limited has successfully priced its $5 million initial public offering at $4.00 per share, offering 1,250,000 ordinary shares with a potential 187,500 additional shares through the underwriters' over-allotment option. The Malaysia-based aquaculture specialist has secured a listing on the Nasdaq Capital Market under ticker "MGN", with trading expected to commence on September 26.
This modest-sized IPO highlights growing investor interest in the aquaculture sector. The
The firm commitment underwriting by D. Boral Capital as sole book-runner demonstrates institutional confidence in Megan's business model. For a company focusing on aquaculture infrastructure in Malaysia, securing a Nasdaq listing represents a significant milestone that provides access to U.S. capital markets and potentially enhanced liquidity compared to regional exchanges.
While this capitalization is relatively small by Nasdaq standards, it positions Megan Holdings to accelerate its technological development in the growing aquaculture industry, which faces increasing demand as wild fish stocks decline and protein demand rises globally. The "Smart Farming System" mentioned suggests Megan is pursuing technology-enabled solutions to enhance aquaculture productivity and sustainability.
Kuala Lumpur , Sept. 25, 2025 (GLOBE NEWSWIRE) -- Megan Holdings Limited (the “Company” or “Megan”), a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, today announced the pricing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares, par value US
The Company expects to receive aggregate gross proceeds of US
Proceeds from the Offering will be used for: (i) sales and marketing; (ii) expansion opportunities through merger and acquisition activities; (iii) development of our “Smart Farming System” and (iv) general working capital and corporate purposes.
The Offering is being conducted on a firm commitment basis. D. Boral Capital LLC. is acting as the sole book-running manager for the Offering. Ortoli Rosenstadt LLP is acting as U.S. counsel to the Company, and Loeb & Loeb LLP is acting as U.S. counsel to the Underwriters, led by Angela Dowd and Xiaoqin “Sherry” Li, in connection with the Offering.
A registration statement on Form F-1 relating to the Offering, as amended, was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-281357) and was declared effective by the SEC on September 22, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from D. Boral Capital LLC., 590 Madison Avenue, 39th Floor, New York, NY 10022, or by telephone at +1 (212) 970-5150, or by email at: info@dboralcapital.com. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Megan Holdings Limited
Megan Holdings Limited (the “Company” or “Megan”) is a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works. Since its inception in 2020, the Company has strived to establish itself as a trusted and experienced provider of shrimp farm related maintenance services in Malaysia. Complementary to its upgrading and maintenance services, Megan also assist customers with the design and development of new farms, including the development and construction of a shrimp hatchery center in Semporna, Sabah, and the development of a 111-acre shrimp farm in Tawau, Sabah, Malaysia. Megan also assists customers in sourcing building materials and machineries available for rental for use on their farms, positioning itself as a one-stop center for aquaculture and agriculture needs. For more information, please visit the company’s website: https://www.meganmezanin.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the proposed Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement and other filings with the SEC.
For media inquiries, please contact:
Megan Holdings Limited
Investor Relations Department
Email: info@meganmezanin.com
FAQ
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