RegulatoryOct 23, 2026, 08:51 AM
Founder Group Regains Compliance with Nasdaq Publicly Held Shares Requirement
AI Summary
Founder Group Limited (NASDAQ: FGL) announced it has regained compliance with Nasdaq's minimum publicly held shares requirement. The company received confirmation from Nasdaq on October 19, 2026, after previously being notified of non-compliance. The Nasdaq Capital Market listing rule requires a minimum of 500,000 publicly held shares, and FGL confirmed it holds 541,791 publicly held shares as of October 9, 2026, closing this matter.
Key Highlights
- Founder Group Limited received confirmation from Nasdaq on October 19, 2026, that it has regained compliance with the minimum publicly held shares requirement.
- The company previously failed to meet the minimum 500,000 publicly held shares requirement.
- Nasdaq's confirmation is based on the Company's submission dated October 9, 2026, stating it has 541,791 publicly held shares.
Price Impact
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