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Nasdaq confirms Megan regained compliance with the $1.00 minimum bid price requirement
MGNMegan Holdings Ltd.
Nasdaq notified Megan Holdings Limited of non-compliance with its minimum bid price rule on May 12, 2026, granting a 180-day cure period ending November 9, 2026. Following shareholder approval in July for a share consolidation up to 1-for-400 and the Board's selection of a 1-for-30 ratio, Nasdaq approved the reverse split effective September 17, 2026. On October 1, 2026, Nasdaq confirmed compliance after ten consecutive business days (September 17–30) where the closing bid price remained at or above $1.00 per share. Megan Holdings Limited operates in Malaysia.