Business
Megan Holdings Limited Announces Pricing of $8.3 Million Follow-on Public Offering
Malaysia, Kuala Lumpur, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Megan Holdings Limited (Nasdaq: MGN) (the “Company” or “Megan”), a Malaysia-based company
About this update from Megan Holdings Limited
[{"type":"text","content":"Malaysia, Kuala Lumpur, Feb. 26, 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 its follow-on offering (the “Offering”) of 20,750,000 Class A ordinary shares, par value US$0.0001 per share, at an offering price of US$0.40 per share. The Offering is being conducted on a reasonable best-efforts basis. D. Boral Capital LLC is acting as the exclusive placement agent for the Offering. The Offering is expected to close on or about February 27, 2026, subject to the satisfaction of customary closing conditions. There is no minimum offering amount required as a condition to closing. The Company expects to receive aggregate gross proceeds of US$8.3 million, assuming the sale of all of the securities offered, before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering primarily to pursue business ventures and potential acquisitions, to support the development of new products including its Smart Farming System, and for general working capital and corporate purposes. The securities described above are being offered pursuant to a registration statement on Form F-1 (File No. 333-292850), as amended, previously declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 23, 2026. The Offering is being made only by means of a prospectus forming part of the effective registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus may also be obtained, when available, from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by telephone at +1 (212) 970-5150, or by email at [email protected]. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent regis...