The resolution of the Nasdaq deficiency removes a critical delisting overhang for this micro-cap company. Monitor for any subsequent capital raising or share issuance activity that could again pressure the publicly held share count.
Price Chart
Executive Summary
Founder Group Limited (FGL) announced it has regained compliance with Nasdaq's minimum publicly held shares requirement, resolving a delisting risk that was flagged on September 16, 2026. The company confirmed it now has 541,791 publicly held shares, exceeding the 500,000 minimum for the Nasdaq Capital Market, and Nasdaq has closed the matter.
Key Facts
- Nasdaq confirmed on October 19, 2026 that FGL regained compliance with the minimum publicly held shares requirement under Listing Rule 5550(a)(4).
- The company was previously non-compliant as of September 16, 2026, failing to meet the 500,000 publicly held shares minimum.
- FGL confirmed it had 541,791 publicly held shares as of October 9, 2026, resolving the deficiency and closing the matter with Nasdaq.
Financial Impact
Removal of near-term delisting risk; no direct financial impact but preserves Nasdaq listing, which is critical for a $3M market cap company.
Risk Factors
- Future share buybacks or insider accumulation could reduce the publicly held share count below the 500,000 threshold again.
- As a $3M market cap company with a low share price, any reverse stock split or capital restructuring could reintroduce listing compliance issues.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-111870 |
| Document: ea030949301ex99-1.htm | 0001213900-26-111870 |
| Document: 0001213900-26-111870-index-headers.html | 0001213900-26-111870 |
| Document: 0001213900-26-111870-index.html | 0001213900-26-111870 |
| Document: 0001213900-26-111870.txt | 0001213900-26-111870 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $1.81 | awaiting T+20 | — | $1.55 (−14.36%) |
Sep 21, 2026 5w ago | Press Release | $4.07 $2.42 | ▲ +40.66% | ▲ +39.76% | $1.55 (+61.92%) |
Sep 4, 2026 7w ago | 6-K | $9.30 $4.14 | ▲ +55.48% | ▲ +56.09% | $1.55 (+83.33%) |
Aug 26, 2026 8w ago | 6-K | $19.22 $4.07 | ▲ +78.82% | ▲ +80.03% | $1.55 (+91.94%) |
Jul 13, 2026 15w ago | 6-K | $1.29 $0.7950 | ▼ −38.37% | ▼ −41.56% | $1.55 (+20.16%) |
Jul 6, 2026 16w ago | 6-K | $1.41 $0.8610 | ▲ +38.94% | ▲ +42.10% | $1.55 (−9.93%) |
May 27, 2026 22w ago | EFFECT | $2.64 $1.43 | ▲ +45.83% | ▲ +43.93% | $1.55 (+41.29%) |
Mar 25, 2026 30w ago | Press Release | $3.63 $1.81 | ▼ −50.14% | ▼ −58.00% | $1.55 (−57.30%) |
Mar 16, 2026 32w ago | Press Release | $4.21 $1.71 | ▼ −59.38% | ▼ −63.16% | $1.55 (−63.18%) |
Mar 9, 2026 33w ago | EFFECT | $7.06 $2.51 | ▼ −64.45% | ▼ −61.64% | $1.55 (−78.05%) |
US Market Status
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