Press Releases April 9, 2026 08:00 PM

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

Founder Group Limited Regains Nasdaq Compliance for Publicly Held Shares

By Nina Shah
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FGL

Founder Group Limited announced that it has regained compliance with Nasdaq's minimum publicly held shares requirement, confirming its continued listing on the Nasdaq stock exchange. The company specializes in EPCC solutions for solar photovoltaic facilities in Malaysia, focusing on large-scale and commercial and industrial solar projects, emphasizing eco-friendly and carbon-neutral energy solutions.

Founder Group Limited Regains Compliance with Nasdaq’s Minimum Publicly Held Shares Requirement
FGL
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Key Points

  • Founder Group Limited has met Nasdaq's minimum publicly held shares requirement, avoiding potential delisting.
  • The company is an end-to-end EPCC solutions provider for solar PV projects in Malaysia, indicating growth in renewable energy sectors.
  • Focus on large-scale and commercial/industrial solar projects aligns with global trends towards sustainable energy.

SELANGOR, Malaysia, April 10, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or the “Company”) today announced that on April 9, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq’s minimum publicly held shares requirement under Listing Rule 5550(a)(4) (the “Listing Rule”).

About FGL

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company’s primary focus is 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.

For more information on the Company, please log on to https://www.founderenergy.com.my/. 

Contact Information

For media queries, please contact:

Founder Group Limited
[email protected]

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: [email protected]


Risks

  • Future fluctuations in publicly held shares could risk compliance and listing status, affecting investor confidence.
  • Dependence on the Malaysian solar energy market exposes the company to regional regulatory and market risks.
  • Competition and technological changes in the renewable energy sector could impact business prospects.

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