Megan Holdings regains Nasdaq bid price compliance

Nasdaq confirmed the closing bid price was at least $1.00 per share for 10 consecutive business days, from September 17 through September 30.

Rhea-AI Filing Summary

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.

Key Figures

Minimum closing bid price: $1.00 per share Share consolidation ratio: 1-for-30 Shareholder-approved maximum consolidation ratio: 1-for-400 +1 more

4 metrics

Minimum closing bid price $1.00 per share For 10 consecutive business days from September 17 through September 30, 2026

Share consolidation ratio 1-for-30 Class A and Class B ordinary shares; effective September 17, 2026

Shareholder-approved maximum consolidation ratio 1-for-400 Aggregate ratio approved July 13, 2026

Nasdaq compliance period 180 calendar days Through November 9, 2026

Key Terms

minimum bid price requirement, Share Consolidation, compliance period

3 terms

minimum bid price requirement regulatory

"regained compliance with the minimum bid price requirement"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

Share Consolidation financial

"approved a share consolidation ratio of 1-for-30"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

compliance period regulatory

"provided the Company with a 180 calendar days compliance period"

A compliance period is a defined stretch of time during which a company must meet specific legal, regulatory, or contractual rules and reporting requirements. Think of it like a scheduled inspection window or a homework deadline: failing to satisfy the rules within that window can trigger fines, restrictions, or extra oversight, so investors watch compliance periods as signals of near-term legal risk, potential costs, and impacts on a company’s operations or cash flow.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did MGN regain Nasdaq’s minimum bid price compliance?

Nasdaq confirmed compliance effective October 1, 2026, after the closing bid price of the Company’s Class A ordinary shares was at $1.00 per share or greater for 10 consecutive business days, from September 17 through September 30, 2026.

What share consolidation ratio did Megan Holdings use?

Megan Holdings used a 1-for-30 consolidation ratio. Shareholders had approved a consolidation at an aggregate ratio not exceeding 1-for-400 on July 13, 2026, and the board approved the 1-for-30 ratio on July 17; the consolidation took effect September 17, 2026.

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

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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 October 2026

Commission File Number: 001-42869

Megan Holdings Limited

B-01-07, Gateway Corporate Suites

Gateway Kiaramas

No. 1, Jalan Desa Kiara

50480 Mont Kiara

Kuala Lumpur, Malaysia

(Address of principal executive offices)

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 ☐

As previously disclosed, on May 12, 2026, Megan Holdings Limited (the “Company”) received a notification letter from the Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company is not in compliance with Nasdaq’s minimum bid price requirement. Nasdaq provided the Company with a 180 calendar days compliance period, or until November 9, 2026, in which to regain compliance with Nasdaq continued listing requirement.

On July 13, 2026, the shareholders of the Company approved, among other things, the consolidation of the Company’s issued and unissued Class A Ordinary Shares and Class B Ordinary Shares at an aggregate ratio not exceeding 1-for-400, with the exact ratio and effective date of any such consolidation to be determined by the board of directors of the Company (the “Board”). On July 17, 2026, the Board approved a share consolidation ratio of 1-for-30 (the “Share Consolidation”). The reverse stock split was subsequently approved by Nasdaq to take effect on September 17, 2026, on Nasdaq Capital Market.

On October 1, 2026, the Company received a letter from Nasdaq confirming that the Company regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. For ten consecutive business days, beginning from September 17, 2026 to September 30, 2026, the closing bid price of the Company’s Class A ordinary shares has been at $1.00 per share or greater, and therefore the Company has regained compliance with the Nasdaq Capital Market’s listing requirements, effective October 1, 2026. 

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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.

Megan Holdings Limited
By:	/s/ Hoo Wei Sern
Name:	Hoo Wei Sern
Title:	Executive Chairman, Chief Executive Officer and Executive Director

Date: October 5, 2026

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