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Founder Group (FGL) SEC Filings, Mar-Jul 2026

FGL NASDAQ

Founder Group Limited’s SEC filings document the public-company disclosures of a British Virgin Islands-incorporated foreign private issuer operating in Malaysia’s solar PV EPCC market. Its Form 6-K reports include interim financial statements, management discussion and analysis, material-event disclosures and corporate-development updates tied to its solar project business.

The filings also cover shareholder voting matters, annual and extraordinary general meeting results, auditor appointments, amendments to the memorandum and articles of association, and capital-structure changes. Disclosure topics include the company’s Class A and Class B ordinary shares, enhanced voting rights for Class B shares, secured convertible note financing, registration obligations, and Nasdaq-related share and governance matters.

Rhea-AI Summary

Founder Group Limited reports that on June 11, 2026, its board approved one-time discretionary Special Bonus Awards in the form of Class B shares. These awards were granted to chairman, director and chief executive officer Mr. Lee Seng Chi and director Mr. Thien Chiet Chai in recognition of their past contributions to the company and its subsidiaries.

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Founder Group Limited reports two financing transactions with institutional investors. On June 30, 2026, it agreed with Streeterville Capital to carve out a new secured convertible note into a separate US$8,000,000 Partitioned Note and immediately exchange it for a new secured non-convertible promissory note in the same principal amount, bearing 6% annual interest and maturing on December 11, 2027. This effectively converts part of an earlier US$16,070,000 secured convertible obligation into straight debt with a defined maturity and coupon.

On July 6, 2026, Founder Group entered a securities purchase agreement with Avondale Capital for one or more Pre-Paid Purchases of its Class A ordinary shares with an aggregate purchase amount of up to $20,000,000. The company issued an initial Pre-Paid Purchase of $1,080,000, subject to a $70,000 original issue discount and a $10,000 transaction expense amount. Subsequent Pre-Paid Purchases will carry a 7% original issue discount and accrue 8% annual interest, providing a structured way to raise additional capital over time.

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Founder Group Limited files a prospectus to register the resale of up to 900,000 Class A Ordinary Shares by the selling shareholder, Streeterville Capital, LLC, representing shares issuable upon conversion of a secured convertible promissory note. The prospectus states the company will not receive any proceeds from these resales.

The Note was issued in a private placement with an original principal amount of $16,070,000 and $15,000,000 in aggregate gross proceeds received by the company. The Note converts at 82.5% of the lowest daily VWAP during ten consecutive trading days preceding a measurement date, subject to a $6.874 floor price and a 9.99% beneficial ownership limit.

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EFFECT
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40.43%
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other
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Rhea-AI Summary

Founder Group Limited files a post-effective amendment converting its Form F-1 into a Form F-3 and registers for resale up to 900,000 Class A Ordinary Shares held by the Selling Shareholder. The shares are issuable upon conversion of a secured convertible promissory note dated December 11, 2025, issued in a private placement.

The prospectus states the Company will not receive proceeds from resales, confirms we paid legal and listing registration costs, and discloses 894,247 Class A Ordinary Shares outstanding prior to this registration and 1,794,247 shares pro forma if all 900,000 registered shares are issued.

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Rhea-AI Summary

Founder Group Limited files its 2025 Form 20-F, highlighting a project-based solar EPCC business in Malaysia focused on large-scale and commercial & industrial rooftop projects. Revenue was RM120,697,610 (approximately US$29,721,156) in 2025, up 33.6% from 2024 after a prior-year decline.

The company remained loss-making, with a 2025 net loss of RM7,275,141 (approximately US$1,791,465) following a 2024 net loss of RM5,150,005. Results are heavily driven by large-scale solar work, which contributed 61% of 2025 revenue, and a concentrated customer base where three clients provided 57% of 2025 revenue.

Founder Group discloses regulatory and operational risks in Malaysia, including a historical breach of contract-reporting rules that may trigger fines, dependence on subcontractors and key suppliers, and the need to maintain licenses. Capital structure risks include a dual class share system concentrating voting power, Nasdaq listing vulnerabilities, dilutive private placements, and a US$16,070,000 secured convertible note issued in December 2025.

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Founder Group Ltd director SIN SIEW KUEN has filed an initial Form 3, which is the required statement of beneficial ownership for insiders. The filing identifies her as an independent director and reports no purchases, sales, or other transactions in Founder Group Ltd securities.

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Rhea-AI Summary

Founder Group Ltd filed an initial ownership report showing that Chief Financial Officer See Sian Seong holds 1,570 Class A Ordinary Shares directly. This Form 3 establishes the executive’s starting equity position as a reporting insider.

The filing does not report any new buy or sell transactions, only current holdings.

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Founder Group Ltd director and Chief Executive Officer Lee Seng Chi filed an initial ownership report showing direct holdings in both classes of the company’s ordinary shares. He reports owning 26,080 Class A Ordinary Shares and 51,949 Class B Ordinary Shares, reflecting his status as a more than ten percent owner.

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Rhea-AI Summary

Founder Group Limited registers resale of up to 900,000 Class A Ordinary Shares. This prospectus registers resale by a selling shareholder of up to 900,000 Class A Ordinary Shares, to be sold from time to time for the selling shareholder’s account. The Company will receive no proceeds from these sales.

The shares are issuable upon conversion of a secured convertible promissory note with an original principal amount of $16,070,000 (including an original issue discount of $1,050,000), convertible at a price equal to 82.5% of the lowest daily VWAP during ten consecutive trading days preceding the measurement date, subject to a floor price of $6.874 and a cash‑in‑lieu option if conversion price is below that floor. The prospectus also discloses the Company received aggregate gross proceeds computed as $15,000,000 under the Purchase Agreement and lists a Nasdaq closing price of $6.32 on March 11, 2026.

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FAQ

How many Founder Group (FGL) SEC filings are available on StockTitan?

StockTitan tracks 44 SEC filings for Founder Group (FGL), including 20-F annual reports and 6-K reports. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for Founder Group (FGL)?

The most recent SEC filing for Founder Group (FGL) was filed on July 13, 2026.