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Kuala Lumpur , Sept. 25, 2025 (GLOBE NEWSWIRE) -- Megan Holdings Limited (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 initial public offering (the "Offering") of 1,250,000 ordinary shares, par value US$0.0001 per share, ("Ordinary Shares"), at a public offering price of US$4.00 per Ordinary Share. The Company has granted a 45-day option to the underwriters to purchase up to 187,500 additional Ordinary Shares solely to cover over-allotments, if any. All of the Ordinary Shares are being offered by the Company. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on September 26, 2025 under the ticker symbol "MGN." The Offering is expected to close on or about September 29, 2025, subject to the satisfaction of customary closing conditions.
The Company expects to receive aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses.
Proceeds from the Offering will be used for: (i) sales and marketing; (ii) expansion opportunities through merger and acquisition activities; (iii) development of our "Smart Farming System" and (iv) general working capital and corporate purposes.
The Offering is being conducted on a firm commitment basis. D. Boral Capital LLC. is acting as the sole book-running manager for the Offering. Ortoli Rosenstadt LLP is acting as U.S. counsel to the Company, and Loeb & Loeb LLP is acting as U.S. counsel to the Underwriters, led by Angela Dowd and Xiaoqin "Sherry" Li, in connection with the Offering.
A registration statement on Form F-1 relating to the Offering, as amended, was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-281357) and was declared effective by the SEC on September 22, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from D. Boral Capital LLC., 590 Madison Avenue, 39th Floor, New York, NY 10022, or by telephone at +1 (212) 970-5150, or by email at: info@dboralcapital.com. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.
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 registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Posted In: MGN
