New York, May 30, 2026, 17:05 (EDT)
- MAGH stayed halted through the holiday-shortened U.S. week. No regular trading prices posted.
- Nasdaq’s last sale went through at $6.76. The exchange says trading is still on hold until the company answers an information request.
- Next week looks less about trading and more about whether Nasdaq, the SEC, or the company release a new disclosure.
Magnitude International Ltd shares stayed at $6.76 going into the weekend, with the Singapore-based electrical installation firm still halted on Nasdaq. Cboe’s latest halt feed shows MAGH stopped on Dec. 4, 2025, at 19:50 Eastern for “news pending,” meaning shares can’t trade while the market waits for new or updated info. Cboe Global Markets
No clear closing price for the weekend set things up this week. U.S. stocks didn’t trade on Monday for Memorial Day, Nasdaq’s 2026 holiday calendar shows, so it’s a four-day week. Magnitude holders still didn’t get a normal exit in the market.
Nasdaq said in December it stopped trading in Magnitude and asked for more information from the company after the Securities and Exchange Commission suspended trading. The exchange listed the last sale price as $6.76. Trading is on hold until Magnitude “fully satisfied” the information request, Nasdaq said. Nasdaq
SEC’s trading suspension lasted from Dec. 5 to Dec. 18. The regulator said it moved because of suspected manipulation linked to social media posts urging people to buy, hold, or sell MAGH, and to post transaction screenshots. The SEC said those actions looked like attempts to boost the stock’s price and trading volume.
Magnitude pushed back in a Dec. 10 filing, with CEO Lim Say Wei signing off. The company said it “has no knowledge of and is not connected to any alleged price manipulation activity” and will “fully cooperate with both the SEC and Nasdaq.” OTC Markets
Magnitude posted unaudited interim revenue of S$6.95 million for the half-year ended Oct. 31, 2025, down from S$7.28 million a year ago. The company swung to a S$1.51 million loss after reporting a S$196,748 profit last year, according to figures filed April 30. The numbers offer a less flattering business picture than the frozen share price may indicate.
The company’s cash position got a lift post-listing, but operating activities still drew cash. As of Oct. 31, 2025, cash and cash equivalents totaled S$2.10 million. Operating cash outflows came to S$3.68 million over six months, the filing showed. IPO proceeds and new bank loans made up the main financing inflows.
Magnitude started trading on Nasdaq in August 2025 with the MAGH ticker. According to its interim filing, the company sold 1.65 million ordinary shares at $4 apiece in its IPO, bringing in $6.6 million in gross proceeds before underwriting discounts and expenses.
MAGH is part of a wider halt trend. Cboe’s data shows other Nasdaq stocks like MaxsMaking, Charming Medical and Nusatrip also stopped for a long time with “news pending” flags. These aren’t operating rivals, but they are comparables for investors looking at liquidity risk in small Nasdaq names where trading can be cut off. Cboe Global Markets
Reopening the stock could mean investors don’t get the old $6.76 level. A lengthy halt builds up orders and nerves about what the regulator wants and the firm’s recent loss, so the first trade might land far from that last price. If the halt goes on, holders have no way to price their positions.
Nervous week coming up. Investors wait on either a Nasdaq resume notice, a new company filing, or some kind of regulatory update. Without any of those, MAGH’s price still just serves as a reference, not an active market.
