Megan Holdings Ltd. (MGN) Form 6-K — Oct 30, 2026
Megan Holdings Limited closed a reasonable best-efforts public offering on October 29, 2026, selling 15,000,000 Class A ordinary shares at $0.50 per share for gross proceeds of approximately $7.5 million, registered under an effective Form F-1. Prime Number Capital acted as exclusive placement agent, earning a 6.0% cash fee plus a 1.0% non-accountable expense allowance, and received a six-month right of first refusal on future financings covering at least 80% of the economics, plus tail-fee rights. The company agreed to a six-month standstill on share issuances and other financings without the placement agent's consent, and officers, directors and certain holders signed 180-day lock-ups.
Key figures
- Gross Proceeds
- 7500000
- Offering Price
- 0.5
- Shares Offered
- 15000000
- Lockup days
- 180
- Use of proceeds
- 60% business ventures and acquisitions, 40% general working capital
- Placement fee pct
- 6
- Participation right
- up to 30% of subsequent capital markets financings for 6 months
- Expense allowance pct
- 1
- Expense reimbursement cap usd
- 100000
AI analysis
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