Founder Group Limited Regains Nasdaq Compliance with 541,791 Publicly Held Shares

SELANGOR, Malaysia, Oct. 23, 2026 /CourierPR/ -- Founder Group Limited (FGL) has regained compliance with Nasdaq’s minimum publicly held shares requirement, a significant milestone for the company. According to a letter dated October 19, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC, FGL has met the criteria set by the Listing Rule 5550(a)(4).

Previously, on September 16, 2026, Nasdaq had notified FGL that it was in non-compliance with the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market under the Listing Rule. FGL responded on October 9, 2026, confirming that it now holds 541,791 publicly held shares, which exceeds the 500,000-share threshold, bringing the company into compliance.

Founded as a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, FGL focuses 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.

The journey to regain compliance with Nasdaq's requirements highlights FGL's ongoing commitment to maintaining a robust and transparent financial structure. This achievement is crucial for the company as it continues to grow and expand its operations in the renewable energy sector. The company's ability to meet these stringent listing requirements underscores its financial stability and adherence to regulatory standards.

This development is particularly noteworthy as it ensures FGL's continued listing on The Nasdaq Capital Market, providing investors with greater confidence in the company's future prospects. The company's compliance with Nasdaq's requirements also reflects its dedication to maintaining high standards of corporate governance and financial transparency.

The company's mission to promote eco-friendly resources and achieve carbon neutrality remains at the forefront of its operations. By regaining compliance, FGL is well-positioned to continue driving innovation and sustainability in the renewable energy sector. This milestone is a testament to the company's strategic focus and commitment to its mission.

In summary, Founder Group Limited's regain of compliance with Nasdaq's minimum publicly held shares requirement is a significant achievement that bolsters the company's standing in the market and reaffirms its commitment to transparency and financial stability.