Founder Group Limited Regains Nasdaq Compliance

Founder Group Limited (NASDAQ: FGL) received a letter from The Nasdaq Stock Market LLC on October 19, 2026, confirming the company has regained compliance with the minimum publicly held shares requirement. The Listing Qualifications Department of Nasdaq issued the notice to close a prior compliance matter regarding the company's share structure.

The exchange had previously notified Founder Group on September 16, 2026, that it did not meet the minimum requirement of 500,000 publicly held shares for The Nasdaq Capital Market under Listing Rule 5550(a)(4). To resolve the issue, the company provided a confirmation on October 9, 2026, stating that it held 541,791 publicly held shares. Based on this figure, Nasdaq determined that the company now complies with the listing rule and has officially closed the matter.

Founder Group Limited operates as an end-to-end engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic facilities in Malaysia. The company focuses on two primary segments: large-scale solar projects and commercial and industrial (C&I) solar projects. Its mission centers on providing innovative solar installation services, promoting eco-friendly resources, and achieving carbon neutrality.

The announcement includes a safe harbor statement noting that the press release contains forward-looking statements reflecting current expectations and views of future events. Known and unknown risks, uncertainties, and other factors listed in the company's filings with the U.S. Securities and Exchange Commission may cause actual results to differ materially from those expressed or implied. These forward-looking statements are based on current expectations and projections about future events that may affect financial condition, results of operations, business strategy, and financial needs. Founder Group states it undertakes no obligation to update or revise these statements except as required by law.