{"id":85345,"date":"2026-09-21T13:09:00","date_gmt":"2026-09-21T13:09:00","guid":{"rendered":"https:\/\/english.saigonbiz.com\/vn\/?p=85345"},"modified":"2026-09-22T00:34:34","modified_gmt":"2026-09-22T00:34:34","slug":"founder-group-limited-receives-nasdaq-notification-regarding-minimum-publicly-held-shares-deficiency","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/founder-group-limited-receives-nasdaq-notification-regarding-minimum-publicly-held-shares-deficiency\/","title":{"rendered":"Founder Group Limited Receives NASDAQ Notification Regarding Minimum Publicly Held Shares Deficiency"},"content":{"rendered":"<p align=\"justify\">SELANGOR, Malaysia, Sept.  21, 2026  (GLOBE NEWSWIRE) &#8212; Founder Group Limited (Nasdaq: FGL) (\u201cFGL\u201d or the \u201cCompany\u201d), announced today that on September 16, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that since it no longer meets the minimum 500,000 publicly held shares requirement under Nasdaq Listing Rule 5550(a)(4) for the Nasdaq Capital Market, it no longer complies with the Listing Rules for continued listing.<\/p>\n<p align=\"justify\">The notification has no immediate effect on the listing or trading of the Company\u2019s Class A ordinary shares. The Company has until November 2, 2026, to provide Nasdaq\u2019s staff with a specific plan to achieve and sustain compliance with all The Nasdaq Capital Market listing requirements, including the time frame for completion of such plan. The Company intends to submit such plan within the required timeframe.<\/p>\n<p align=\"justify\"><strong>About Founder Group Limited\u00a0<\/strong><\/p>\n<p align=\"justify\">Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company\u2019s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&amp;I) solar projects. The company\u2019s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.<\/p>\n<p align=\"justify\">For more information on the Company, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8K63xfmBwFOq_ZyBg9iUKe__NTcPIuze6y08oy2RwN1lRW2WEv0nN1RVrDufy042p6GFZ4sQKQ0jlwYDVcoUwPxhWyvuLJT0R4J26tOjo5pp3NmYTMFcWTD-tEkzYGsb\" rel=\"nofollow\" target=\"_blank\" title=\"\">https:\/\/www.founderenergy.com.my\/<\/a>.<\/p>\n<p align=\"justify\"><strong>Safe Harbor Statement<\/strong><\/p>\n<p align=\"justify\">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 \u201cRisk Factors\u201d in the Company\u2019s 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 \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cis\/are likely to,\u201d \u201cpotential,\u201d \u201ccontinue\u201d 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.<\/p>\n<p align=\"justify\"><strong>Contact Information<\/strong><\/p>\n<p align=\"justify\">For media queries, please contact:<br \/>Founder Group Limited<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QkLqvdxt6slODsYDLHOYe6YPxaCGvKLORNxAtOs-i2xi0cl0EEFzHtcXZs6_kK0ftKAtHuX70iwLn_gDZtaJPEDpN8di0BzClIsujNqxfG_8Pfbc5PYazMVhfnmJg4PL\" rel=\"nofollow\" target=\"_blank\" title=\"info@founderenergy.com.my\">info@founderenergy.com.my<\/a><\/p>\n<p><img alt=\"\" src='https:\/\/ml.globenewswire.com\/media\/MjZjZTJkNGItNWUxYi00NGFhLWJlYmQtNjgzMDU1OWEyOTEyLTEzMDc5OTAtMjAyNi0wOS0yMS1lbg==\/tiny\/Founder-Group-Limited.png' referrerpolicy='no-referrer-when-downgrade' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SELANGOR, Malaysia, Sept. 21, 2026 (GLOBE NEWSWIRE) &#8212; Founder Group Limited (Nasdaq: FGL) (\u201cFGL\u201d or the \u201cCompany\u201d), announced today that on September 16, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that since it no longer meets the minimum 500,000 publicly held shares [&#8230;]\n","protected":false},"author":1,"featured_media":85254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-85345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globe-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - 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