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Magnitude International (Nasdaq: MAGH) receives Nasdaq staff delisting notice

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Magnitude International Ltd reported that on August 3, 2026 it received a Nasdaq Staff Delisting Determination to delist its securities, using discretionary authority under Nasdaq Listing Rule IM-5101-4 following a prior SEC temporary trading suspension and a Nasdaq trading halt in December 2025.

The company plans to request a hearing before a Nasdaq Hearings Panel under Listing Rule 5815, which will automatically stay any delisting or suspension action, although the existing trading halt will remain unless lifted by Nasdaq. Nasdaq has not communicated any finding that Magnitude International engaged in wrongdoing, and management states the notice has no immediate effect on its ongoing operations or financial condition.

Positive

  • None.

Negative

  • Nasdaq Staff Delisting Determination to remove the company’s securities from listing, with trading already halted since December 19, 2025, increases listing and liquidity risk.
Staff Determination date August 3, 2026 Date Nasdaq issued its Staff Delisting Determination for Magnitude International
SEC trading suspension period December 5, 2025 to December 18, 2025 Period of SEC temporary suspension of trading in the company’s securities
Nasdaq trading halt start date December 19, 2025 Date Nasdaq halted trading in Magnitude International’s securities
Staff Delisting Determination regulatory
"it received a Staff Delisting Determination from the Listing Qualifications Department"
A staff delisting determination is a formal finding by exchange or regulatory staff that a listed security no longer meets the rules required to stay listed, similar to an official notice that a rental property no longer qualifies for occupancy. It matters to investors because it often precedes removal from the exchange, which can sharply reduce a stock’s visibility, trading liquidity and value, and may trigger urgent choices like selling, appealing the decision or seeking alternative markets.
Nasdaq Listing Rule IM-5101-4 regulatory
"Nasdaq has now determined to delist the Company’s securities pursuant to Nasdaq Listing Rule IM-5101-4"
Hearings Panel regulatory
"The Company intends to request a hearing before a Hearings Panel pursuant to Nasdaq Listing Rule 5815"
A hearings panel is a small group of officials or experts who hold formal sessions to review evidence, question parties, and make decisions about regulatory compliance, discipline, or approvals. Think of it like a review board or courtroom for business and market issues: its findings can lead to fines, changes in a company’s permissions, or even delisting. Investors pay attention because the panel’s rulings can directly affect a company’s operations, reputation and share price.
trading halt regulatory
"The Company’s securities will, however, remain subject to the existing trading halt unless and until Nasdaq lifts the halt"
A trading halt is a temporary pause on buying and selling a particular stock imposed by an exchange or regulator, like pressing the pause button on a game so everyone can catch up. It is used to give the market time to absorb important new information or to prevent chaotic price swings, and matters to investors because it freezes the ability to trade, delays price discovery, and can change risk and strategy until normal trading resumes.
temporary trading suspension regulatory
"following the temporary suspension of trading in the Company’s securities by the SEC"
A temporary trading suspension is a short, planned halt in buying and selling a specific security imposed by an exchange or regulator. It is like hitting a pause button so the market can absorb important information, resolve extreme price swings, or fix technical or regulatory problems. For investors it matters because orders cannot be executed during the suspension, which pauses price discovery and liquidity and can create uncertainty about when trading will resume and at what price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What Nasdaq action did Magnitude International (MAGH) disclose?
Magnitude International disclosed a Nasdaq Staff Delisting Determination dated August 3, 2026, stating that Nasdaq has determined to delist the company’s securities under its discretionary Listing Rule IM-5101-4 following prior trading suspensions and halts.

Why is Nasdaq seeking to delist Magnitude International (MAGH)?
Nasdaq is acting under Listing Rule IM-5101-4, which permits discretionary delisting after an SEC temporary trading suspension when potential third-party misconduct and limited liquidity may impair fair and orderly markets, according to Nasdaq’s stated rationale in the notice.

What will Magnitude International (MAGH) do in response to the delisting notice?
Magnitude International intends to request a hearing before a Nasdaq Hearings Panel under Listing Rule 5815. Filing this request automatically stays any delisting or suspension action until the Hearings Panel issues its decision, though the trading halt remains in place.

Are Magnitude International (MAGH) shares currently trading on Nasdaq?
No. Nasdaq halted trading in Magnitude International’s securities on December 19, 2025, after an SEC temporary suspension. The securities remain subject to this existing trading halt unless and until Nasdaq decides to lift it.

Does the Nasdaq delisting notice affect Magnitude International (MAGH)'s operations or finances?
According to the company, the Staff Delisting Determination has no immediate effect on its ongoing business operations or financial condition, and Magnitude International states it will continue to conduct business in the ordinary course.

Has Nasdaq found Magnitude International (MAGH) engaged in wrongdoing?
Magnitude International reports that, to date, Nasdaq has not communicated any finding or determination that the company engaged in wrongdoing related to trading activity in its securities, even as Nasdaq pursues discretionary delisting.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number 001-42770

 

Magnitude International Ltd

(Exact name of registrant as specified in its charter)

 

27 Woodlands Industrial Park E1

#03-15 (Lobby B) Hiangkie Industrial Building

Singapore 757718

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 
 

 

Receipt of Nasdaq Delisting Determination Notice

 

On August 3, 2026, Magnitude International Ltd (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that Nasdaq staff has determined to delist the Company’s securities from Nasdaq.

 

Following the temporary suspension of trading in the Company’s securities by the U.S. Securities and Exchange Commission (the “SEC”) from December 5, 2025 through December 18, 2025, Nasdaq halted trading in the Company’s securities on December 19, 2025. Nasdaq has now determined to delist the Company’s securities pursuant to its discretionary authority under Nasdaq Listing Rule IM-5101-4.

 

Nasdaq Listing Rule IM-5101-4 allows Nasdaq “to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company’s securities where the SEC has implemented a temporary trading suspension.” Nasdaq believes that the ability for third parties to manipulate a security’s price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest.

 

The Company intends to request a hearing before a Hearings Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action pending the issuance of a decision by the Hearings Panel. The Company’s securities will, however, remain subject to the existing trading halt unless and until Nasdaq lifts the halt.

 

To date, Nasdaq has not communicated any finding or determination that the Company engaged in any wrongdoing in connection with the trading activity in the Company’s securities. The Staff Determination does not have any immediate effect on the Company’s ongoing business operations or financial condition, and the Company will continue to conduct its business in the ordinary course.

 

The Company issued a press release on August 5, 2026, announcing the receipt of the Staff Determination from Nasdaq. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The Company furnishes this report on Form 6-K to satisfy its obligation under Listing Rule 5810(b) to make public disclosure of the Staff Determination within four business days thereof.

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release dated August 5, 2026

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Magnitude International Ltd
     
Date: August 5, 2026 By: /s/ Lim Say Wei
  Name: Lim Say Wei
  Title: Director and Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Magnitude International Ltd Announces Receipt of Nasdaq Delisting Determination Notice

 

Singapore – August 5, 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, today announced that it received a Staff Delisting Determination (the “Staff Determination”), dated August 3, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), stating that Nasdaq has determined to delist the Company’s securities.

 

Following the temporary suspension of trading in the Company’s securities by the U.S. Securities and Exchange Commission (the “SEC”) from December 5, 2025 through December 18, 2025, Nasdaq halted trading in the Company’s securities on December 19, 2025. Nasdaq has now determined to delist the Company’s securities pursuant to its discretionary authority under Nasdaq Listing Rule IM-5101-4.

 

Nasdaq Listing Rule IM-5101-4 allows Nasdaq “to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company’s securities where the SEC has implemented a temporary trading suspension.” Nasdaq believes that the ability for third parties to manipulate a security’s price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest.

 

The Company intends to request a hearing before a Hearings Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action pending the issuance of a decision by the Hearings Panel. The Company’s securities will, however, remain subject to the existing trading halt unless and until Nasdaq lifts the halt.

 

To date, Nasdaq has not communicated any finding or determination that the Company engaged in any wrongdoing in connection with the trading activity in the Company’s securities. The Staff Determination does not have any immediate effect on the Company’s ongoing business operations or financial condition, and the Company will continue to conduct its business in the ordinary course.

 

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-sector greenfield and brownfield projects, mainly involving residential and mixed development type properties. For more information, please visit: https://www.bnlengrg.com.

 

Forward-Looking Statements

 

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

 

 

 

Source: View Original Filing on SEC EDGAR

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