FBS Global Limited Announces 1-for-10 Share Consolidation

The board may settle fractional entitlements by rounding up or selling the fractional shares and distributing net proceeds.

Rhea-AI Summary

FBS Global (FBGL) shareholders approved a 1-for-10 reverse stock split on September 13, 2026, subject to Nasdaq clearance. The consolidation will take effect immediately upon that clearance. Split-adjusted trading is expected to begin September 28, 2026, on the Nasdaq Capital Market under the same ticker and a new CUSIP number, G3337S117.

Issued and outstanding ordinary shares will fall from 13,500,000 to approximately 1,350,000. Par value will rise from US$0.001 to US$0.01 per share. The company intends the consolidation to raise its per-share trading price to meet Nasdaq’s US$1.00 minimum bid requirement for continued listing. Shareholders’ proportionate ownership will remain unchanged, except for the treatment of fractional entitlements.

News Explained

No fractional shares will be issued for fractional entitlements; the board may either round them up to a whole share or sell the shares representing fractions and distribute the net proceeds.

Market Context

The April notice’s Oct. 12, 2026 compliance deadline supplies relevant history for this approved rev...

Analysis

The April notice’s Oct. 12, 2026 compliance deadline supplies relevant history for this approved reverse split: FBGL had previously disclosed a Nasdaq minimum-bid deficiency, while implementation still depends on Nasdaq clearance.

Key Figures

Share consolidation ratio: 1-for-10 Split-adjusted trading date: September 28, 2026 Minimum bid price requirement: US$1.00 +4 more

Share consolidation ratio

1-for-10

Approved reverse stock split

Split-adjusted trading date

September 28, 2026

Expected start on Nasdaq Capital Market, subject to Nasdaq clearance

Minimum bid price requirement

US$1.00

Continued listing requirement the consolidation is intended to satisfy

Issued and outstanding shares before consolidation

13,500,000 ordinary shares

Before the share consolidation

Issued and outstanding shares after consolidation

Approximately 1,350,000 ordinary shares

Following the share consolidation

Authorized shares before consolidation

500,000,000 shares

Before the share consolidation

Authorized shares after consolidation

50,000,000 shares

Following the share consolidation

Historical Context

1 past event · Latest: Apr 16

1 event

1. Apr 16

   Nasdaq deficiency notice

   24h Move

   -0.6%

   Nasdaq deficiency notice set an October 12 deadline to regain the $1.00 minimum bid requirement

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, cusip number, par value, minimum bid price requirement

4 terms

reverse stock split financial

"approving a one-for-ten reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip number technical

"but with a new CUSIP number"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

par value financial

"ordinary shares of a par value of US$0.001 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

minimum bid price requirement regulatory

"to satisfy the US$1.00 minimum bid price requirement"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Singapore, Sept. 24, 2026 (GLOBE NEWSWIRE) -- FBS Global Limited (Nasdaq: FBGL) (“FBS” or the “Company”) today announced that, at the extraordinary general meeting of shareholders held on September 13, 2026, its shareholders passed an ordinary resolution approving a one-for-ten reverse stock split (the “Share Consolidation”) of the Company’s issued and unissued ordinary shares of a par value of US$0.001 each (the “Ordinary Shares”), which had previously been recommended by the Company’s board of directors (the “Board”). The Share Consolidation is subject to and conditional upon, and will be effected immediately upon, the Company obtaining clearance or authorization from The Nasdaq Stock Market LLC (“Nasdaq”). Beginning September 28, 2026, the Company’s Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same symbol “FBGL” but with a new CUSIP number, G3337S117, and a new par value of US$0.01 per share.

As a result of the Share Consolidation, each ten Ordinary Shares issued and outstanding will automatically be consolidated into one Ordinary Share without any action on the part of shareholders who hold their shares in brokerage accounts or “street name.” Shareholders holding certificated shares are expected to receive instructions from the Company’s transfer agent, VStock Transfer, LLC, regarding procedures for exchanging share certificates. No fractional shares will be issued upon the Share Consolidation. Instead, the Board is authorized to settle any fractional entitlements, either by rounding them up to the nearest whole share or by arranging for the sale of the shares representing fractions and distributing the net proceeds to the shareholders entitled to them.

The Share Consolidation is intended to increase the per share trading price of the Ordinary Shares to satisfy the US$1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. Prior to the Share Consolidation, the authorized share capital of the Company is US$500,000 divided into 500,000,000 shares with a par value of US$0.001 each, of which 13,500,000 Ordinary Shares are issued and outstanding. Following the Share Consolidation, the authorized share capital of the Company will be US$500,000 divided into 50,000,000 shares with a par value of US$0.01 each, and the Company will have approximately 1,350,000 Ordinary Shares issued and outstanding. Each shareholder’s proportionate ownership interest will remain unchanged, other than for the treatment of fractional entitlements.

About FBS Global Limited

FBS Global Limited (Nasdaq: FBGL) is a construction and building systems specialist focused on high-specification, execution-driven projects across commercial, industrial and public sector markets. The Company delivers technically complex additions and alterations (A&A), retrofitting, insulation systems, lead-lined drywall partitions, false ceiling installations, and integrated interior build-outs.

With more than 30 years of operating experience, FBS targets projects requiring precision engineering, regulatory compliance expertise and coordinated multi-system execution. The Company is focused on expanding its secured project pipeline, increasing participation in public infrastructure works, and driving disciplined, execution-led growth.

For additional information, please visit the Company’s website at https://www.fbsglobal.com.sg/.

Forward-Looking Statements

Certain statements in this release, including statements regarding the receipt of Nasdaq clearance for, and the timing, implementation and expected effects of, the Share Consolidation and the Company’s continued listing on Nasdaq, constitute forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “forecast,” “project,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company’s previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release, other than as required by applicable law.

Contact:

FBS Global Limited
Tel: +65 6285778
Email: finebuild@singnet.com.sg

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is FBS Global’s reverse stock split expected to take effect?

The consolidation will take effect immediately upon Nasdaq clearance. FBS Global expects its ordinary shares to begin split-adjusted trading on September 28, 2026, under the same ticker, FBGL.

What is the ratio for FBS Global’s reverse stock split?

The approved ratio is 1-for-10: every ten issued and outstanding ordinary shares will be consolidated into one ordinary share. The consolidation is subject to Nasdaq clearance.

How will FBS Global handle fractional shares in the consolidation?

No fractional shares will be issued. The board is authorized either to round fractional entitlements up to the nearest whole share or to arrange a sale of the shares representing fractions and distribute the net proceeds to entitled shareholders.

Do FBS Global shareholders need to exchange certificates for the reverse stock split?

Shareholders holding shares in brokerage accounts or street name do not need to take action. Holders of certificated shares are expected to receive certificate-exchange instructions from the transfer agent, VStock Transfer.