The Megan Holdings Limited (MGN) SEC filings page on Stock Titan provides access to the company’s public filings as a foreign private issuer. Megan is a Malaysia-based company engaged in the development, construction, and maintenance of aquaculture farms and related works, and it reports to the U.S. Securities and Exchange Commission in connection with its Nasdaq Capital Market listing.
Through this page, users can review key filings such as the company’s registration statement on Form F-1, which supported its initial public offering of ordinary shares, and ongoing current reports on Form 6-K. These filings cover topics including the use of offering proceeds for sales and marketing, expansion opportunities through merger and acquisition activities, development of its “Smart Farming System,” and general working capital and corporate purposes.
Megan’s Form 6-K reports also describe corporate governance and audit matters, such as the dismissal of its previous independent registered public accounting firm, the engagement of a new firm, and statements that there were no disagreements or reportable events under applicable SEC definitions. Other 6-K filings outline changes in the Board of Directors, including the resignation of an independent director and the appointment of a new independent director and audit committee chairman.
On Stock Titan, these filings are updated as they become available from EDGAR, and AI-powered tools can help summarize lengthy documents such as registration statements and ongoing reports. Users can quickly identify significant disclosures related to Megan Holdings Limited’s aquaculture-focused operations, audit and governance changes, and capital markets activities without reading every page in detail.
Megan Holdings Ltd. (MGN) completed a reasonable best-efforts public offering on October 29, 2026, issuing 15,000,000 Class A ordinary shares at US$0.50 per share for approximately US$7.5 million in gross proceeds, before placement-agent fees and other offering expenses. Megan intends to use net proceeds approximately 60% for business ventures and acquisitions and 40% for general working capital.
Purchasers may participate in up to 30% of certain subsequent capital-markets financings during the six months after closing. Megan agreed to pay exclusive placement agent Prime Number Capital, LLC a 6.0% cash fee and a 1.0% non-accountable expense allowance, and reimburse certain expenses up to $100,000. For six months, Megan also agreed not to issue Class A shares or conduct capital-raising transactions without the agent’s prior written consent, subject to stated exceptions; the agent has a six-month right of first refusal covering at least 80% of the economics of specified financings, subject to exceptions. Officers, directors and certain shareholders agreed to 180-day lock-ups.
Megan Holdings Ltd. (MGN) is offering up to 15,000,000 Class A ordinary shares at US$0.50 each on a reasonable best-efforts basis, for gross proceeds of up to US$7,500,000. There is no minimum closing amount. Prime Number Capital, LLC is the exclusive placement agent and is not obligated to purchase shares or arrange a specified sale amount. Assuming all shares are sold, estimated net proceeds are approximately US$6,720,797 after placement agent fees and estimated offering expenses. MGN intends to use proceeds for business ventures and acquisitions and general working capital; it has not identified a specific target or entered binding arrangements.
The 15,000,000 shares offered represent approximately 14 times the 1,066,700 Class A shares outstanding as of the prospectus date. MGN's dilution analysis projects an immediate decrease of approximately US$12.89 per share in existing shareholders' net tangible book value. Shareholder Star Sprite Limited holds approximately 90.7% of voting power; if all offered shares are sold, its voting power is expected to be approximately 35.0% and MGN will cease to be a controlled company. If fewer shares are sold, MGN may remain controlled.
Megan Holdings Ltd. (MGN) proposes to offer up to 15,000,000 Class A ordinary shares on a reasonable best-efforts basis at an assumed US$0.55 per share, for gross proceeds of up to US$8,250,000. The price will be set with placement agent Prime Number Capital, LLC based on market conditions at pricing; the shares may not be sold until the registration statement is effective. No minimum sale is required to close. If all shares are sold, estimated net proceeds are US$7,418,232 after placement fees and estimated offering expenses.
Intended uses are business ventures and acquisitions and general working capital. MGN reports 1,066,700 Class A shares outstanding immediately before the offering; the offered shares equal approximately 14 times that amount. A full sale is estimated to reduce existing shareholders’ net tangible book value by US$12.85 per share. The assumed offer price is below the US$2.50 last reported sale price on October 19, 2026. If all shares are sold, Star Sprite Limited’s voting power is expected to fall from approximately 90.7% to 35.0%, and MGN would cease to be a controlled company.
Megan Holdings Ltd. (MGN) regained compliance with Nasdaq’s minimum bid price requirement effective October 1, 2026. Shareholders approved a consolidation of the Class A and Class B ordinary shares at an aggregate ratio not exceeding 1-for-400; the board later set the ratio at 1-for-30, which took effect September 17, 2026.
Nasdaq had notified the Company of the bid price deficiency on May 12, 2026, and provided a 180-calendar-day compliance period through November 9, 2026.
Megan Holdings Limited (MGN) reported unaudited revenue of MYR12,777,311 for the six months ended June 30, 2026, down 8.4% from MYR13,944,813 a year earlier. It recorded a net loss of MYR5,834,069, compared with net income of MYR1,879,282. Gross profit was MYR1,477,311 and gross margin was 11.6%, versus 16.6%; general and administrative expenses rose to MYR4,180,890 from MYR357,370, and income tax expense was MYR2,774,576.
Operating activities used MYR24,198,827, versus MYR806,763 provided a year earlier; financing activities provided MYR27,345,920, including MYR29,756,713 of net proceeds from ordinary-share issuance. At June 30, 2026, cash was MYR325,817 and marketable securities were MYR33,237,789. Management said cash alone was insufficient for forecast operating outflows over the next 12 months, but believes working capital will cover anticipated needs for at least that period. Gross receivables of MYR28,182,125 were due from two customers and more than 150 days past due.
Megan Holdings Ltd. (MGN) reports that its board has approved a 1-for-30 consolidation of its issued and unissued Class A and Class B Ordinary Shares (the “Share Consolidation”). The consolidation will become marketplace effective on The Nasdaq Capital Market on September 17, 2026.
This update supersedes an earlier plan for a 1-for-40 consolidation effective September 8, 2026, which is no longer applicable. Class A Ordinary Shares will begin trading on a post-consolidation basis under the existing symbol “MGN,” and any fractional shares will be rounded up to the nearest whole share at the participant level.
Megan Holdings Limited (MGN) reports that its previously approved 1-for-40 share consolidation of issued and unissued ordinary shares will become effective for trading on The Nasdaq Capital Market on Tuesday, September 8, 2026, described as the Marketplace Effective Date.
The Company’s Class A Ordinary Shares will begin trading on a post-consolidation basis on that date under the existing trading symbol “MGN”. Any fractional shares created by the Share Consolidation will be rounded up to the nearest whole share at the participant level.
Megan Holdings Ltd. (MGN) reports that shareholders approved three key proposals at an extraordinary general meeting. Holders representing 256,222,166 votes, or 90.86% of voting power, were present, and all resolutions passed by a large majority.
Shareholders approved a 40-for-1 Share Consolidation of both Class A and Class B ordinary shares, with fractional shares rounded up, effective August 21, 2026, while the marketplace effective date on Nasdaq will be set later. They also approved a capital reorganization that ultimately sets authorized share capital at US$50,000 divided into 500,000,000 Ordinary Shares of par value US$0.0001 each. A fourth amended and restated memorandum and articles of association was adopted, including lowering the written-ordinary-resolution approval threshold from unanimity to a majority of total voting rights.