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Megan Holdings receives Nasdaq notice for falling below $1 minimum bid price, must regain compliance by Nov 2026.

Market News
13 May 2026
Na
View Source
Bearish
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Megan Holdings Limited announced it received a Nasdaq notification for not meeting the minimum bid price of $1 per share, with its shares trading below this threshold for 30 consecutive business days. The company has 180 days, until November 9, 2026, to restore compliance by raising its share price above $1 for at least ten consecutive days. Failure to comply may lead to an extension period requiring additional measures, such as a reverse stock split. Megan is actively exploring options to meet Nasdaq's requirements and maintain its listing.

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