Megan Holdings Ltd.

Megan Holdings Limited has announced its Annual General Meeting (AGM) scheduled for July 13, 2026. Key proposals include a potential share consolidation of up to 1-for-400, an amendment to shorten general meeting notice periods from ten to five clear days and deemed postal service from five to two days, and an adjournment proposal. The Board of Directors unanimously recommends shareholders vote in favor of all proposals.

Megan Holdings Limited announced it received a notification from Nasdaq on May 12, 2026, indicating non-compliance with the minimum bid price requirement. The company's Class A Ordinary Shares traded below $1.00 for 30 consecutive business days. Megan Holdings has been granted a 180-calendar-day period, until November 9, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. The company is actively monitoring its share price and considering all options to maintain its Nasdaq listing.

Megan Holdings Ltd. addressed recent share price volatility, confirming that key insiders remain subject to 180-day lock-up agreements following its February 27, 2026, follow-on offering. The company clarified that recent updates to its public float on trading platforms reflect previously disclosed information and do not indicate new share issuances or an unlocking of shares. Megan Holdings emphasized that there has been no material increase in freely tradable shares or any fundamental change in its business, operations, or financial condition.