Corporate ActionSep 4, 2026, 08:03 AM
Founder Group Ltd. Consolidates Shares 100-for-1 to Maintain Nasdaq Listing
AI Summary
Founder Group Limited (FGL) announced a 100 for 1 share consolidation, effective September 1, 2026. This corporate action is intended to ensure the company remains in compliance with Nasdaq listing requirements. Following the consolidation, the number of outstanding Class A shares will be approximately 73,693 and Class B shares approximately 1,865. Shareholders will not need to take action, and fractional shares will be rounded up.
Key Highlights
- Founder Group Limited announced a 100 for 1 share consolidation effective September 1, 2026.
- The share consolidation aims to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain listing.
- Class A shares will trade under the same symbol 'FGL' but with a new CUSIP number G3662E147.
- Each 100 ordinary shares will convert into one ordinary share.
- Fractional shares will be rounded up to the nearest whole number via bonus shares.
- Post-consolidation, Class A shares will be approximately 73,693 and Class B shares approximately 1,865.
Price Impact
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