Megan Holdings gets Nasdaq notice for $1 minimum bid price deficiency

Megan Holdings Limited Class A

Megan Holdings Limited Class A

MGN

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  • Megan Holdings received a Nasdaq notice flagging a minimum bid price deficiency, putting its Nasdaq listing at risk if compliance is not restored.
  • Class A ordinary shares traded below USD 1 for 30 consecutive business days from March 30 to May 11.
  • Nasdaq granted 180 days to regain compliance, with a deadline of Nov. 9, 2026; compliance would be restored if bid price closes at or above USD 1 for 10 straight business days.
  • Company is weighing options to lift the share price, including a potential reverse stock split if needed.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Megan Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605131700PRIMZONEFULLFEED9719380) on May 13, 2026, and is solely responsible for the information contained therein.

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