S-1 · primary offering
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
MGN$3.69-1.65%
Megan Holdings Ltd.
Sector: Agricultural Prod-Livestock & Animal SpecialtiesIndustry: Engineering & ConstructionCountry: MYExchange: Nasdaq
Mkt Cap:$59.87M
Float & O/S:
Inst Own:
DilutionScan read 30 of Megan Holdings Ltd.'s SEC filings and found 3 S-1 registrations and 3 completed offerings on file for MGN. The latest dilution event on file is an offering on Oct 29, 2026. Analysis updated Oct 30, 2026.
Signal8 Summary
MGN
Nasdaq delisting risk and collapsing margins
Snapshot
Megan Holdings is a tiny $6.5M construction firm facing serious structural and financial headwinds. While revenue grew 39% to $20.5M in FY 2025, the business is barely profitable on a cash basis. Gross margins collapsed from 19.7% in FY 2024 to just 1.7% in FY 2025, meaning the company earns almost nothing on each dollar of sales.
What's Happening Right Now
- : The company filed its Articles of Association, confirming a dual-class share structure that gives controlling shareholder Darren Hoo over 90% of voting power.
- : Megan Holdings received a Nasdaq notice for trading below the $1.00 minimum bid price, triggering a 180-day compliance period to avoid delisting.
- : Rosen Law Firm announced an investigation into potential securities fraud claims regarding misleading business disclosures by the company.
Raise routes on file: no active ATM, effective shelf, S-1 or equity line in the filings read · latest dilution event 5 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 29, 2026 · Offering
Every warrant, convertible, ATM and shelf, cited to the filing
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Share count and cash history
Shares outstanding, potential dilution and cash over time
Completed
S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
Public offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Public offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Public offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your MGN trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
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