Founder Group Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $47.4K
- Price
- $4.14
- % Change (Daily % change from the live per-ticker quote feed.)
- -5.05%
- Volume
- 18.5K
About
Founder Group Ltd. is a holding company, which engages in the supply and installation of solar systems and other engineering works involving civil, structural, mechanical, and electrical engineering. It operates through the Large-Scale Solar and Commercial and Industrial segments. The Large-Scale Solar segment offers ground mounted solar projects designed to supply power to the power grid. The Commercial and Industrial segment provides solar projects systems installed on rooftops designed to generate electricity for commercial and industrial properties such as factories, warehouses, and commercial stores. The company was founded by Lee Seng Chi on April 13, 2021 and is headquartered in Klang, Malaysia.
Quick stats
Shares outstanding11.5K
Computed float9.8K
Float / shares85.3%
Key info
SectorIndustrials
IndustryEngineering & Construction
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001989930
AI Summary
AI-generated1/9
standardbearishregulatory
Founder Group Limited Receives NASDAQ Notification Regarding Minimum Publicly Held Shares Deficiency
Founder Group Limited (Nasdaq: FGL) received a letter from Nasdaq's Listing Qualifications Department on September 16, 2026, stating it no longer meets the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4) for the Nasdaq Capital Market.
The notification has no immediate effect on the listing or trading of the company's Class A ordinary shares, and the company has until November 2, 2026, to submit a specific plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements.
The Malaysian solar EPCC provider said it intends to submit the plan within the required timeframe; investors should watch for a reverse split, offering, or other corrective action as potential cure mechanisms.
Red flags
- Fails Nasdaq minimum 500,000 publicly held shares requirement (Listing Rule 5550(a)(4))
- Potential delisting from Nasdaq Capital Market if the compliance plan is rejected or not implemented
- Compliance plan due November 2, 2026; acceptance is at Nasdaq staff discretion