Here are the 424B prospectus supplements from Megan Holdings Limited (MGN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow MGN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGN filings page.
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 Limited is offering 20,750,000 Class A Ordinary Shares at US$0.40 per share in a reasonable best-efforts primary offering. The offering price produces a public offering amount of $8,300,000 and estimated proceeds to the company of $7,719,000 before expenses, with placement agent fees equal to 7.0% of gross proceeds.
The placement agent is D. Boral Capital Markets LLC and delivery is expected on or about February 27, 2026. Shares outstanding will increase from 11,250,000 Class A Ordinary Shares before this offering to 32,000,000 Class A Ordinary Shares after this offering. Upon completion, controlling shareholder Mr. Darren Hoo will hold 5,845,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares, representing 90.73% voting power due to Class B Shares carrying fifty votes each. Net proceeds are earmarked for product development (including the Smart Farming System), business ventures, acquisitions, and working capital.