Founder Group Limited Regains Compliance with Nasdaq's Minimum Publicly Held Shares Requirement

Founder Group Limited (FGL) announced on April 10, 2026, that it has successfully regained compliance with The Nasdaq Stock Market LLC's minimum publicly held shares requirement. The company received official confirmation on April 9, 2026, from Nasdaq's Listing Qualifications Department regarding its adherence to Listing Rule 5550(a)(4). This development is crucial for FGL as it removes the immediate threat of delisting, thereby stabilizing its trading status on Nasdaq and potentially bolstering investor confidence in the company's market presence. FGL operates as a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, with a primary focus on large-scale and commercial and industrial (C&I) solar projects.