{"success":true,"data":{"pressRelease":{"id":"129837","rtpr_id":"nGNX5hDZMm","ticker":"FGL","exchange":"NASDAQ","all_tickers":["FGL"],"title":"Founder Group Limited Announces 100 for 1 Share Combination","author":"Globe Newswire","published_at":"2026-08-27T20:15:00.234Z","article_body":"SELANGOR, Malaysia, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited\n(\"FGL\" or the \"Company\") today announced that the authorised, issued, and\noutstanding shares of the Company will be combined on a 100 for 1 ratio with\nthe marketplace effective date of September 1, 2026.\n\nThe objective of the share combination is to enable the Company to regain\ncompliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on\nNasdaq.\n\nBeginning with the opening of trading on September 1, 2026, the Company's\nClass A shares of no par value each (the \"Class A Shares\") will trade on the\nNasdaq Capital Market on an adjusted basis, under the same symbol \"FGL\" but\nunder a new CUSIP number, G3662E147.\n\nAs a result of the share combination, each 100 ordinary shares outstanding\nwill automatically combine and convert to one issued and outstanding ordinary\nshare without any action on the part of the shareholders. Each shareholder who\nholds fractional shares following, and as a result of, the share combination,\nwill be issued with such bonus shares as is necessary to ensure that their\nshareholding is rounded up to the nearest whole number.\n\nImmediately prior to the share combination, 7,369,159 Class A Shares and\n186,358 Class B shares of no par value each (the \"Class B Shares\") are issued\nand outstanding. As a result of the share combination, (i) the number of total\nissued and outstanding Class A Shares will be approximately 73,693, and (ii)\nthe number of total issued and outstanding Class B Shares will be\napproximately 1,865 Class B Shares.\n\nAbout Founder Group Limited\n\nFounder Group Limited is a pure-play, end-to-end EPCC solutions provider for\nsolar PV facilities in Malaysia. The company’s primary focus is on two key\nsegments: large-scale solar projects and commercial and industrial (C&I) solar\nprojects. The company’s mission is to provide customers with innovative\nsolar installation services, promote eco-friendly resources and achieve carbon\nneutrality.\n\nFor more information on the Company, please\nvisit https://www.founderenergy.com.my/.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements that reflect our\ncurrent expectations and views of future events. Known and unknown risks,\nuncertainties and other factors, including those listed under “Risk\nFactors” in the Company’s filings with the U.S. Securities and Exchange\nCommission, may cause our actual results, performance or achievements to be\nmaterially different from those expressed or implied by the forward-looking\nstatements. You can identify some of these forward-looking statements by words\nor phrases such as “may,” “will,” “expect,” “anticipate,”\n“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are\nlikely to,” “potential,” “continue” or other similar expressions. We\nhave based these forward-looking statements largely on our current\nexpectations and projections about future events that we believe may affect\nour financial condition, results of operations, business strategy and\nfinancial needs. These forward-looking statements involve various risks and\nuncertainties. Except as required by law, we undertake no obligation to update\nor revise publicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise, after the date on which the\nstatements are made or to reflect the occurrence of unanticipated events. We\nqualify all of our forward-looking statements by these cautionary statements.\n\nCONTACT INFORMATION:\n\nFor media queries, please contact:\n\nFounder Group Limited\ninfo@founderenergy.com.my\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/84b31ae8-6045-412f-92fe-527b86872248)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5hDZMm","title":"Founder Group Limited Announces 100 for 1 Share Combination","author":"Globe Newswire","ticker":"FGL","created":"2026-08-27T20:15:00.234Z","tickers":["FGL"],"exchange":"NASDAQ","article_body":"SELANGOR, Malaysia, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited\n(\"FGL\" or the \"Company\") today announced that the authorised, issued, and\noutstanding shares of the Company will be combined on a 100 for 1 ratio with\nthe marketplace effective date of September 1, 2026.\n\nThe objective of the share combination is to enable the Company to regain\ncompliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on\nNasdaq.\n\nBeginning with the opening of trading on September 1, 2026, the Company's\nClass A shares of no par value each (the \"Class A Shares\") will trade on the\nNasdaq Capital Market on an adjusted basis, under the same symbol \"FGL\" but\nunder a new CUSIP number, G3662E147.\n\nAs a result of the share combination, each 100 ordinary shares outstanding\nwill automatically combine and convert to one issued and outstanding ordinary\nshare without any action on the part of the shareholders. Each shareholder who\nholds fractional shares following, and as a result of, the share combination,\nwill be issued with such bonus shares as is necessary to ensure that their\nshareholding is rounded up to the nearest whole number.\n\nImmediately prior to the share combination, 7,369,159 Class A Shares and\n186,358 Class B shares of no par value each (the \"Class B Shares\") are issued\nand outstanding. As a result of the share combination, (i) the number of total\nissued and outstanding Class A Shares will be approximately 73,693, and (ii)\nthe number of total issued and outstanding Class B Shares will be\napproximately 1,865 Class B Shares.\n\nAbout Founder Group Limited\n\nFounder Group Limited is a pure-play, end-to-end EPCC solutions provider for\nsolar PV facilities in Malaysia. The company’s primary focus is on two key\nsegments: large-scale solar projects and commercial and industrial (C&I) solar\nprojects. The company’s mission is to provide customers with innovative\nsolar installation services, promote eco-friendly resources and achieve carbon\nneutrality.\n\nFor more information on the Company, please\nvisit https://www.founderenergy.com.my/.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements that reflect our\ncurrent expectations and views of future events. Known and unknown risks,\nuncertainties and other factors, including those listed under “Risk\nFactors” in the Company’s filings with the U.S. Securities and Exchange\nCommission, may cause our actual results, performance or achievements to be\nmaterially different from those expressed or implied by the forward-looking\nstatements. You can identify some of these forward-looking statements by words\nor phrases such as “may,” “will,” “expect,” “anticipate,”\n“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are\nlikely to,” “potential,” “continue” or other similar expressions. We\nhave based these forward-looking statements largely on our current\nexpectations and projections about future events that we believe may affect\nour financial condition, results of operations, business strategy and\nfinancial needs. These forward-looking statements involve various risks and\nuncertainties. Except as required by law, we undertake no obligation to update\nor revise publicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise, after the date on which the\nstatements are made or to reflect the occurrence of unanticipated events. We\nqualify all of our forward-looking statements by these cautionary statements.\n\nCONTACT INFORMATION:\n\nFor media queries, please contact:\n\nFounder Group Limited\ninfo@founderenergy.com.my\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/84b31ae8-6045-412f-92fe-527b86872248)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-27T20:15:00.274313652Z","server_sent_at_ms":1787861700274},"received_at":"2026-08-27T20:15:00.434Z","source_url":"https://www.globenewswire.com/news-release/2026/08/27/3352407/0/en/founder-group-limited-announces-100-for-1-share-combination.html"},"analysis":{"id":"118749","press_release_id":"129837","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":["Aggressive reverse split ratio (100:1) required to maintain Nasdaq listing","Pre-split share price likely significantly below exchange minimum bid requirements"],"eventType":"reverse_split","narrative":"FGL will execute a 100-for-1 share combination effective September 1, 2026, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).\n\nThe reverse split reduces issued Class A shares from approximately 7.37 million to 73,693 and Class B shares from 186,358 to 1,865.\n\nShares will continue trading under the FGL symbol with a new CUSIP (G3662E147), and fractional shares will be rounded up to the nearest whole number.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Aggressive 100-to-1 reverse split suggests extreme pricing pressure and listing compliance risk."},"keyFigures":{"customDimensions":{"reverse_split_ratio":"100 for 1","pre_combination_class_a_shares":7369159,"pre_combination_class_b_shares":186358,"post_combination_class_a_shares":73693,"post_combination_class_b_shares":1865}},"quotedText":"","namedEntities":{"people":[],"products":[],"companies":[{"name":"Founder Group Limited","ticker":"FGL"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"An aggressive 100-for-1 reverse split executed specifically to satisfy Nasdaq listing compliance signals significant prior weakness in share price and ongoing structural risks."},"tickerRelevance":{"others":[],"primary":"FGL"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"ratio":"100:1","tickerTier":"small-micro-cap","eventGravity":"listing-compliance-reverse-split"}},"event_type":"reverse_split","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"FGL will execute a 100-for-1 share combination effective September 1, 2026, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).\n\nThe reverse split reduces issued Class A shares from approximately 7.37 million to 73,693 and Class B shares from 186,358 to 1,865.\n\nShares will continue trading under the FGL symbol with a new CUSIP (G3662E147), and fractional shares will be rounded up to the nearest whole number.","key_figures":{"customDimensions":{"reverse_split_ratio":"100 for 1","pre_combination_class_a_shares":7369159,"pre_combination_class_b_shares":186358,"post_combination_class_a_shares":73693,"post_combination_class_b_shares":1865}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Founder Group Limited","ticker":"FGL"},{"name":"Nasdaq","relationship":"exchange"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-27T20:36:11.000Z","global_importance":20,"audience_relevance":15,"importance_components":{"ratio":"100:1","tickerTier":"small-micro-cap","eventGravity":"listing-compliance-reverse-split"}},"durationMs":157191,"modelName":"glm-4.7"}}