STOCK TITAN

Founder Group 100-for-1 share combination Sept. 1

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Founder Group Limited (FGL) has implemented a 100-for-1 share combination of its authorised, issued, and outstanding shares, effective for marketplace trading on September 1, 2026, to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its Nasdaq Capital Market listing.

Each 100 existing ordinary shares automatically combine into one share, with no action required by shareholders, and fractional positions are rounded up through issuance of bonus shares. After the share combination, issued and outstanding shares are approximately 73,693 Class A Shares and 1,865 Class B Shares, down from 7,369,159 and 186,358 respectively.

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Filing Explained

This Form 6-K furnishes the company’s August 27 press release; it adds that the already-effective share combination began trading under the same FGL symbol but a new CUSIP, G3662E147, on September 1, 2026.

Share combination ratio 100-for-1 Authorised, issued, and outstanding shares combined on a 100 for 1 ratio
Effective trading date September 1, 2026 Marketplace effective date for trading on a combined-share basis
Class A Shares pre-combination 7,369,159 shares Issued and outstanding immediately prior to share combination
Class B Shares pre-combination 186,358 shares Issued and outstanding immediately prior to share combination
Class A Shares post-combination 73,693 shares (approximately) Total issued and outstanding Class A Shares after share combination
Class B Shares post-combination 1,865 shares (approximately) Total issued and outstanding Class B Shares after share combination
Nasdaq rule referenced Rule 5550(a)(2) Share combination intended to support compliance with Nasdaq listing rule
New CUSIP G3662E147 CUSIP for Class A Shares after the share combination
share combination financial
"Founder Group Limited Announces 100 for 1 Share Combination"
A share combination is when a company reduces the number of its outstanding shares by consolidating multiple existing shares into a smaller number of new shares (for example, combining 10 old shares into 1 new share). For investors it raises the stock price per share without changing the company’s overall value, like exchanging ten pennies for one dime; it can affect trading liquidity, index eligibility and investor perception even though ownership percentage stays the same.
Nasdaq Marketplace Rule 5550(a)(2) regulatory
"regain compliance with Nasdaq Marketplace Rule 5550(a)(2)"
Nasdaq Marketplace Rule 5550(a)(2) sets a minimum share price requirement for companies listed on the Nasdaq Capital Market, typically requiring that a company’s common stock maintain a closing bid of at least $1.00 per share. It matters to investors because failure to meet this threshold can trigger a delisting review, which is similar to failing a safety inspection: the stock may be removed from the exchange or force corporate actions (like a reverse split) that change liquidity, visibility, and how easy it is to buy or sell the shares.
Class A Shares financial
"Beginning with the opening of trading on September 1, 2026, the Company’s Class A shares of no par value each"
Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.
Class B Shares financial
"186,358 Class B shares of no par value each (the “Class B Shares”)"
Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.
forward-looking statements regulatory
"This press release contains forward-looking statements that reflect our current expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What did Founder Group Limited (FGL) announce in this 6-K?

Founder Group Limited announced a 100-for-1 share combination of its authorised, issued, and outstanding shares, effective for marketplace trading on September 1, 2026, affecting both Class A and Class B shares.

What is the purpose of FGL's 100-for-1 share combination?

The stated objective of the 100-for-1 share combination is to enable Founder Group Limited to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and to maintain its listing on the Nasdaq Capital Market.

How does the FGL share combination affect existing shareholders?

Each 100 ordinary shares automatically combine and convert into one share without shareholder action. Any fractional share resulting from the combination will be rounded up by issuing bonus shares so each shareholder holds a whole number of shares.

What are FGL's Class A and Class B shares outstanding after the combination?

After the share combination, Founder Group Limited expects approximately 73,693 Class A Shares and 1,865 Class B Shares to be issued and outstanding, compared with 7,369,159 Class A and 186,358 Class B shares immediately prior to the change.

Will FGL's trading symbol or CUSIP change after the share combination?

FGL’s Class A shares will continue trading on the Nasdaq Capital Market under the same symbol “FGL”, but with a new CUSIP number G3662E147, starting with the opening of trading on September 1, 2026 on an adjusted basis.

When did the FGL share combination become effective in the market?

The marketplace effective date for Founder Group Limited’s 100-for-1 share combination is September 1, 2026. From the opening of trading on that date, the Class A shares trade on a split-adjusted basis on the Nasdaq Capital Market.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 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

 

 

 

 

 

 

EXPLANATORY NOTE

 

In connection with the 100 for 1 share consolidation of Founder Group Limited, a company incorporated under the laws of the British Virgin Islands (the “Company”), the Company hereby furnishes the following documents:

 

 

Exhibits

 

Exhibit No.   Description
99.1   Press Release

 

1

 

 

SIGNATURE

 

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
     
  By: /s/ Lee Seng Chi
  Name: Lee Seng Chi
  Title: Chief Executive Officer, Director, and
Chairman of the Board of Directors

 

Date: September 4, 2026

 

2

 

Exhibit 99.1

 

Founder Group Limited Announces 100 for 1 Share Combination

 

SELANGOR, Malaysia, August 27, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”) today announced that the authorised, issued, and outstanding shares of the Company will be combined on a 100 for 1 ratio with the marketplace effective date of September 1, 2026.

 

The objective of the share combination is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.

 

Beginning with the opening of trading on September 1, 2026, the Company’s Class A shares of no par value each (the “Class A Shares”) will trade on the Nasdaq Capital Market on an adjusted basis, under the same symbol “FGL” but under a new CUSIP number, G3662E147.

 

As a result of the share combination, each 100 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. Each shareholder who holds fractional shares following, and as a result of, the share combination, will be issued with such bonus shares as is necessary to ensure that their shareholding is rounded up to the nearest whole number.

 

Immediately prior to the share combination, 7,369,159 Class A Shares and 186,358 Class B shares of no par value each (the “Class B Shares”) are issued and outstanding. As a result of the share combination, (i) the number of total issued and outstanding Class A Shares will be approximately 73,693, and (ii) the number of total issued and outstanding Class B Shares will be approximately 1,865 Class B Shares.

 

 

 

 

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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