Megan Holdings Limited Announces Pricing of Up to $7.5 Million Follow-on Public Offering
Key Highlights
- ➤Megan Holdings (MGN) priced up to 15 million shares at US$0.5 each
- ➤Offering could generate approximately US$7.5 million gross proceeds
- ➤Net proceeds target new products, acquisitions, business ventures, and working capital
- ➤Offering expected to close around October 29, 2026, subject to customary conditions
Malaysia, Kuala Lumpur, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Megan Holdings Limited (Nasdaq: MGN) (the “Company” or “Megan”), a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, today announced the pricing of a follow-on public offering (the “Offering”) of up to 15,000,000 Class A ordinary shares, par value US$0.003 per share (the “Class A Ordinary Shares”), at a public offering price of US$0.5 per share.
The Offering is being conducted on a reasonable best-efforts basis. Prime Number Capital, LLC is acting as the exclusive placement agent for the Offering. The Offering is expected to close on or about October 29, 2026, subject to the satisfaction of customary closing conditions. There is no minimum offering amount required as a condition to closing.
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