MEGAN HOLDINGS LTD. O.N.

Megan Holdings received a notice from Nasdaq because the closing price of its class A common stock was below $1.00 for 30 consecutive trading days from March 30 to May 11, 2026. The stock is currently trading at $0.15; market capitalization is about $5.92 million. The company has 180 days, until November 9, 2026, to regain compliance by achieving at least ten consecutive closing prices of ≥ $1.00. If Megan does not meet this condition, it could apply for an extension and would need to announce any measures to restore compliance, such as a reverse stock split. » More on de.investing.com

Megan Holdings says directors, executives and shareholders with at least 5% holdings, as well as other investors, are subject to a lock-up agreement that prohibits sales for 180 days after the follow-on placement on 27 February 2026. The company stresses that recent updates to free float do not represent new shares, releases of locked shares or any changes to the capital structure. Megan attributes the price volatility to data updates on trading platforms and limited post-market liquidity; operationally there have been no fundamental changes. The stock has plunged and the company shows a market capitalization of about USD 8.69 million with declining revenue. » More on de.investing.com