Lawsuit filed for Investors who lost money with Megan Holdings Limited (NASDAQ: MGN) shares

An investor, who purchased shares of Megan Holdings Limited (NASDAQ: MGN), filed a lawsuit over alleged violations of Federal Securities Laws by Megan Holdings Limited in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Megan Holdings Limited (NASDAQ: MGN) have certain options and for certain investors are short and strict deadlines running. Deadline: September 08, 2026. NASDAQ: MGN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Malaysia based Megan Holdings Limited engages in the development, construction, maintenance, and upgrade of aquaculture and agriculture farms, and related works in Malaysia. Megan Holdings Limited (NASDAQ: MGN) reported that its annual Total Revenue rose from $60.29 million in 2024 to $83.89 million in 2025, and that its net Income of $4.78 million in 2024 declined to $0.879 million in 2025.

On or around September 26, 2026, Megan conducted its initial public offering ("IPO"), selling 1.25 million ordinary shares priced at $4.00 per share.

On March 26, 2026, the Company's market value collapsed 93.4% to close at $0.28 per share, down from $4.24 per share at close (and $5.18 per share at intraday high) on March 25, 2026.

On March 26, 2026, after the first minute of trading, NASDAQ halted trading of Megan shares. Between 9:30 AM EDT and 10:02:01 AM EDT, trading in Megan shares would be halted five separate times, only reopening for brief windows of seconds and minutes.

The Company's stock would also be halted three additional times throughout the day at 10:29:01 AM EDT, 10:49:37 AM EDT, and 11:10:58 AM EDT.

According to the complaint the plaintiff alleges on behalf of investors who purchased Megan Holdings Limited (NASDAQ: MGN) shares pursuant and/or traceable to the IPO and/or between September 26, 2025 and March 25, 20, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that, although public filings and news regarding the Company were scarce following the IPO, even as both the stock price and trading volume surged between September 26, 2025, and March 25, 2026, a coordinated effort was made on social media and messaging applications, such as WhatsApp, to "pump" Megan's share price, led by stock promoters posing as financial advisors. The Complaint alleges that these stock promoters used aliases and false photographs to conceal their true identities and were key cogs in the stock manipulation scheme surrounding Megan.

Those who purchased shares of Megan Holdings Limited (NASDAQ: MGN) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.