Founder Group Limited Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Founder Group Limited (NASDAQ: FGL) announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2).

Rhea-AI Summary

Founder Group Limited (NASDAQ: FGL) announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2). On February 25, 2026, Nasdaq confirmed the company’s closing bid price met the US$1.00 minimum, restoring compliance with the exchange’s minimum bid price requirement.

Positive

• Regained Nasdaq minimum bid compliance on Feb 25, 2026
• Closing bid price confirmed at or above $1.00

Negative

• None.

Argus Mar 3 session

-5.42% close to close Open Argus

Details

News Market Reaction – FGL

On Mar 3, the day this news came out, FGL closed 5.42% below the previous close.

Data tracked by StockTitan Argus for the Mar 3 session.

Key Figures

Minimum bid price: US$1.00 per share

Minimum bid price

US$1.00 per share

Nasdaq Listing Rule 5550(a)(2) threshold for bid-price compliance

Historical Context

5 past events · Latest: Feb 20

5 events

1. Feb 20

   Nasdaq share deficiency

   24h Move

   -15.9%

   Nasdaq notice on failing 500,000 publicly held shares requirement.

2. Feb 6

   100-for-1 share combo

   24h Move

   -27.5%

   Reverse share combination to address Nasdaq minimum bid-price rule.

3. Nov 12

   Bid-price deficiency notice

   24h Move

   -2.9%

   Nasdaq notification of failure to meet $1 minimum bid requirement.

4. Sep 26

   Large solar project

   24h Move

   -35.5%

   Announcement of RM1.16 billion 310 MWp solar-plus-storage project in Sarawak.

5. Sep 24

   Solar EPCC pipeline

   24h Move

   -20.6%

   Disclosure of up to RM17.4 billion EPCC contract opportunities through 2028.

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

Key Terms

minimum bid price requirement, listing rule 5550(a)(2), class a ordinary shares, closing bid price

4 terms

minimum bid price requirement regulatory

"regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule"

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.

listing rule 5550(a)(2) regulatory

"requirement under Listing Rule 5550(a)(2) (the “Listing Rule”). Nasdaq determined"

Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.

class a ordinary shares financial

"the Company’s Class A ordinary shares has been at US$1.00 per share or greater."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

closing bid price financial

"Nasdaq determined that the closing bid price of the Company’s Class A ordinary"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

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

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KUALA LUMPUR, Malaysia, March 03, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or the “Company”) today announced that on February 25, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2) (the “Listing Rule”).

Nasdaq determined that the closing bid price of the Company’s Class A ordinary shares has been at US$1.00 per share or greater. As a result, the Company has regained compliance with Nasdaq’s minimum bid price requirement.

About Founder Group Limited

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The Company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality.

For more information on the Company, please log on to https://www.founderenergy.com.my/.

Contact Information:

Founder Group Limited Contact:

Eric Lee
Chief Executive Officer
Telephone +03-3358 5638
Email: ericlee@founderenergy.com.my

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com

FAQ

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

When did Founder Group Limited (FGL) regain Nasdaq minimum bid compliance?

FGL regained compliance on February 25, 2026. According to the company, Nasdaq confirmed the closing bid price met the US$1.00 minimum on that date, restoring compliance with Listing Rule 5550(a)(2).

What Nasdaq rule did FGL satisfy to regain compliance on Feb 25, 2026?

FGL satisfied Nasdaq Listing Rule 5550(a)(2). According to the company, Nasdaq determined the closing bid price met the US$1.00-per-share threshold required by that rule.

What closing bid price did Nasdaq confirm for Founder Group Limited (FGL)?

Nasdaq confirmed a closing bid price of US$1.00 per share or greater. According to the company, that price level restored FGL’s compliance with the minimum bid requirement.

Does regaining compliance affect FGL’s Nasdaq listing status immediately?

Yes, regaining compliance restores conformity with the minimum bid requirement under Nasdaq rules. According to the company, Nasdaq confirmed the closing bid met the US$1.00 threshold, reestablishing compliance under Listing Rule 5550(a)(2).

Where can investors find the date Nasdaq confirmed FGL’s compliance status?

The confirmation date is February 25, 2026. According to the company, Nasdaq’s Listing Qualifications Department issued the notice confirming FGL met the US$1.00 closing bid requirement on that date.