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Founder Group regains Nasdaq publicly held share compliance

Nasdaq based its compliance determination on the company’s confirmation of 541,791 publicly held shares against a 500,000-share minimum.

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Form Type
6-K

Rhea-AI Filing Summary

Founder Group Limited (FGL) regained compliance with Nasdaq’s minimum publicly held shares requirement under Listing Rule 5550(a)(4). Nasdaq said its determination was based on the company’s October 9, 2026 confirmation that it had 541,791 publicly held shares, against a minimum of 500,000 shares. Nasdaq’s letter, dated October 19, 2026, said the matter is now closed; the company had been notified of its noncompliance on September 16, 2026.

Insights

Analyzing...

Minimum publicly held shares requirement 500,000 shares Nasdaq Capital Market requirement under Listing Rule 5550(a)(4).
Publicly held shares 541,791 shares Company confirmation dated October 9, 2026; basis for Nasdaq’s compliance determination.
minimum publicly held shares requirement regulatory
"regained compliance with Nasdaq’s minimum publicly held shares requirement"
Listing Rule 5550(a)(4) regulatory
"under Listing Rule 5550(a)(4)"
EPCC solutions provider technical
"a pure-play, end-to-end EPCC solutions provider"
solar PV facilities technical
"solutions provider for solar PV facilities in Malaysia"

FAQ

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

Did FGL regain Nasdaq listing compliance?

Yes. Nasdaq confirmed that Founder Group Limited met its minimum publicly held shares requirement after the company confirmed it had 541,791 publicly held shares; the requirement is a minimum of 500,000 shares. Nasdaq said the matter is now closed.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number 001-42379

 

Founder Group Limited

 

No. 17, Jalan Astana 1D, Bandar Bukit Raja, 41050 Klang,

Selangor Darul Ehsan, Malaysia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release dated October 23, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Founder Group Limited
     
Date: October 23, 2026 By:  /s/ Lee Seng Chi
    Name:  Lee Seng Chi
    Title: Chief Executive Officer, Director, and
Chairman of the Board of Directors

 

2

 

Exhibit 99.1

 

Founder Group Limited Regains Compliance with Nasdaq’s Minimum Publicly Held Shares Requirement

 

SELANGOR, Malaysia, October 23, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or the “Company”) today announced that it received a letter dated October 19, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq’s minimum publicly held shares requirement under Listing Rule 5550(a)(4) (the “Listing Rule”).

 

Nasdaq previously notified the Company on September 16, 2026 that it did not comply with the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market under the Listing Rule. Based on the Company’s confirmation dated October 9, 2026 that it has 541,791 publicly held shares, Nasdaq determined that the Company complies with the Listing Rule and that this matter is now closed.

 

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 visit https://www.founderenergy.com.my/.

 

Safe Harbor Statement

 

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

 

Contact Information

 

For media queries, please contact:

 

Founder Group Limited

info@founderenergy.com.my

 

Filing Exhibits & Attachments

1 document

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