Megan Holdings Limited Issues Statement Regarding Recent Share Price Volatility

Rhea-AI Summary

Megan Holdings (Nasdaq: MGN) issued a statement on April 14, 2026 clarifying recent share price volatility. The company said directors, officers and shareholders holding 5%+ remain subject to 180-day lock-up following the follow-on offering that closed on February 27, 2026.

The company stated platform updates reflect previously disclosed public-float data and do not represent new issuance, unlocking of shares, or any change to the capital structure. Megan said there has been no material increase in freely tradable shares and no fundamental change to its business or financial condition.

Positive

• 180-day lock-up applies after the Feb 27, 2026 follow-on offering
• Company confirms no new issuance or unlocking of shares
• No material increase in freely tradable shares as of April 14, 2026

Negative

• Recent trading-platform data updates contributed to share price volatility
• Limited after-hours liquidity may amplify price moves for MGN

News Market Reaction – MGN

+0.94%

10 alerts

+0.94% News Effect

+7.0% Peak Tracked

-7.5% Trough Tracked

+$82K Valuation Impact

$8.77M Market Cap

0.0x Rel. Volume

On the day this news was published, MGN gained 0.94%, reflecting a mild positive market reaction. Argus tracked a peak move of +7.0% during that session. Argus tracked a trough of -7.5% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $82K to the company's valuation, bringing the market cap to $8.77M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Lock-up duration: 180 days Significant holders threshold: 5% or more

2 metrics

Lock-up duration 180 days Period after Feb 27, 2026 follow-on offering during which key holders cannot sell

Significant holders threshold 5% or more Shareholders subject to lock-up based on ownership of outstanding shares

Market Reality Check

Price: $0.1800 Vol: Volume 5,150,464 vs 20-da...

low vol

$0.1800 Last Close

Volume Volume 5,150,464 vs 20-day average 35,341,228 (relative volume 0.15 ahead of this release). low

Technical Shares trade below the 200-day MA of 2.03, at 0.2348, and are -97.28% vs 52-week high 8.63 and 83.15% above 52-week low 0.1282.

Historical Context

3 past events · Latest: Mar 04 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Mar 04	Follow-on placement note	Neutral	+0.3%	Placement agent highlights completion of recent follow-on offering and gross proceeds.
Feb 27	Offering closing	Neutral	+21.5%	Closing of $8.3M follow-on public offering at $0.40 per Class A share.
Feb 26	Offering pricing	Neutral	+46.3%	Pricing of follow-on offering of 20,750,000 Class A shares at $0.40.

Pattern Detected

Recent follow-on offering headlines were followed by notable positive price moves, even around potentially dilutive events.

Recent Company History

Over recent months, Megan Holdings focused on capital raising and governance steps. A follow-on offering of Class A ordinary shares at $0.40 for gross proceeds of $8.3M was priced on Feb 26, 2026, then closed on Feb 27, 2026, with a subsequent placement agent announcement on Mar 4, 2026. Those events produced 24-hour price reactions of +46.34%, +21.5%, and +0.34% respectively. Today’s statement about lock-ups, float data updates and volatility fits into this capital markets and post-offering context.

Market Pulse Summary

This announcement addresses recent share price volatility by clarifying that key insiders and large ...

Analysis

This announcement addresses recent share price volatility by clarifying that key insiders and large shareholders remain under 180-day lock-up agreements following the Feb 27, 2026 follow-on offering. The company states there has been no change to its capital structure or business fundamentals, and that float figures on trading platforms reflect already disclosed information. Investors may watch future regulatory filings and liquidity conditions as the lock-up period approaches expiration.

Key Terms

lock-up agreements, public float, after-hours trading

3 terms

lock-up agreements financial

"remain subject to lock-up agreements. These agreements restrict the sale of their shares"

A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.

public float financial

"updates by certain trading platforms to the Company’s reported public float reflect information"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

after-hours trading technical

"market dynamics, including data updates across trading platforms and limited liquidity during after-hours trading."

After-hours trading is buying and selling stocks outside the regular market session, like a store that stays open later for a few customers. It matters because fewer participants trade then, so prices can move more sharply and spreads between buyers and sellers can widen; that can change the value of holdings quickly after news and affect how easily you can execute trades.

AI-generated analysis. Not financial advice.

Kuala Lumpur, Malaysia, April 14, 2026 (GLOBE NEWSWIRE) -- Megan Holdings Limited (Nasdaq: MGN) (the “Company”) today issued the following statement regarding recent volatility in its share price.

The Company confirms that its directors, executive officers, shareholders holding 5% or more of its outstanding Class A Ordinary Shares or Class B Ordinary Shares, and certain other shareholders remain subject to lock-up agreements. These agreements restrict the sale of their shares for a period of 180 days following the closing of the Company's recent follow-on offering, which occurred on February 27, 2026. Accordingly, these parties are not permitted to sell their shares until the expiration of the applicable lock-up period.

The Company further notes that recent updates by certain trading platforms to the Company’s reported public float reflect information previously disclosed in connection with the Company’s follow-on offering. These updates do not represent any new issuance or unlocking of shares, or any change in the Company’s capital structure beyond what has already been publicly disclosed. As of the date of this release, there has been no material increase in freely tradable shares beyond previously disclosed levels.

The Company believes that recent share price volatility may be attributable, in part, to market dynamics, including data updates across trading platforms and limited liquidity during after-hours trading. There has been no fundamental change in the Company's business, operations, or financial condition.

Megan Holdings Limited remains focused on executing its strategic initiatives and delivering long-term value to its shareholders.

About Megan Holdings Limited

Megan Holdings Limited (Nasdaq: MGN) 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 assists 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 press release are forward-looking statements. 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. 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. 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 Company’s filings with the U.S. Securities and Exchange Commission.

For media inquiries, please contact:

Megan Holdings Limited

Investor Relations Department

Email: info@meganmezanin.com

FAQ

What lock-up restrictions did Megan Holdings (MGN) confirm on April 14, 2026?

Directors, officers and 5%+ shareholders remain under a 180-day lock-up. According to the company, the restriction applies after the follow-on offering that closed on February 27, 2026, preventing those parties from selling until expiry.

Did Megan Holdings (MGN) issue new shares or unlock shares on April 14, 2026?

No, the company said there was no new issuance or unlocking of shares. According to the company, recent platform updates merely reflected previously disclosed public-float information from the Feb 27, 2026 offering.

Why did Megan Holdings (MGN) say its share price was volatile in April 2026?

The company attributed volatility to market dynamics and data updates across trading platforms. According to the company, limited after-hours liquidity and reporting adjustments likely amplified short-term price moves, not fundamental business changes.

Has Megan Holdings (MGN) reported any change in its capital structure as of April 14, 2026?

No, Megan stated there is no change to its capital structure beyond prior disclosures. According to the company, platform data revisions reflect earlier follow-on offering disclosures from Feb 27, 2026.

What should MGN shareholders expect about share availability after the follow-on offering?

Share availability remains constrained by lock-ups until their expiration dates. According to the company, parties covered by the 180-day lock-up cannot sell shares until the applicable post-offering period ends.