Megan Holdings Limited Successfully Closes Initial Public Offering

Megan Holdings Limited Celebrates Successful IPO

Megan Holdings Limited (the "Company" or "Megan"), based in Malaysia, has announced a significant milestone with the closing of its initial public offering (IPO) of 1,250,000 ordinary shares at a price of US$4.00 per share. This IPO highlights the Company's commitment to scalability and innovation in the aquaculture industry, reflecting an exciting future for both the organization and its stakeholders.

Details of the Initial Public Offering

The Company successfully raised US$5 million before fees and other expenses through this offering. An additional 187,500 shares were made available for purchase by the underwriters, should the need for over-allotments arise. These shares began trading on the Nasdaq Capital Market under the ticker symbol "MGN".

Allocation of Proceeds

Fund utilization is a key aspect of any IPO, and Megan Holdings has strategically earmarked these proceeds for several important areas, including:

• Sales and marketing efforts to expand their outreach and client base.
• Exploration of expansion opportunities through mergers and acquisitions.
• Development initiatives for the innovative "Smart Farming System".
• General working capital to support ongoing corporate needs.

Support and Legal Compliance

The offering was carried out on a firm commitment basis, which ensures financial backing during the stock's introduction to the market. D. Boral Capital LLC served as the sole book-running manager, backed by legal counsel from Ortoli Rosenstadt LLP for the Company and Loeb & Loeb LLP for the underwriters. This level of professional support underscores the experience and readiness of the Company to navigate the complexities of public trading.

Acknowledgment of Regulatory Procedures

To ensure full compliance, a registration statement related to the IPO was filed with the U.S. Securities and Exchange Commission (SEC) and was officially declared effective just a few days prior. This diligence confirms the Company’s commitment to lawful operations.

Introducing Megan Holdings Limited

Founded in 2020, Megan Holdings has quickly positioned itself as a leader in the aquaculture sector. The Company specializes in the development, construction, and maintenance of aquaculture farms. Its expertise not only covers maintenance services but also extends to assisting clients with the design and construction of shrimp farms and hatcheries, emphasizing its role as a comprehensive service provider.

Innovative Farming Solutions

Megan Holdings has made substantial investments in advancing aquaculture techniques. Their projects include a state-of-the-art shrimp hatchery center and a large-scale shrimp farm initiative, establishing the Company as a vital player in sustainable agriculture.

Commitment to Client Success

A key to Megan’s success lies in its commitment to customer support. The Company offers a one-stop solution for aquaculture needs, ranging from the provision of machinery for rental to constructing necessary facilities. This model not only simplifies processes for customers but also positions the Company as a trusted partner.

Frequently Asked Questions

What was the total amount raised in Megan Holdings' IPO?

The total amount raised in the IPO was US$5 million before expenses.

When did Megan's shares start trading?

Megan's shares began trading on the Nasdaq Capital Market on September 26, 2025, under the ticker "MGN".

How will the proceeds from the IPO be utilized?

Proceeds will be directed towards sales and marketing, expansion through mergers, development of a smart farming system, and general working capital.

Who managed the offering?

D. Boral Capital LLC acted as the sole book-running manager for the offering.

What services does Megan Holdings provide?

Megan Holdings specializes in the development, construction, and maintenance of aquaculture farms and offers services that include design and construction of shrimp farms and hatcheries.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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