The reverse split is a temporary fix — the stock must sustain a closing bid above $1 for 10 consecutive business days to regain compliance. Monitor daily price action and watch for any Nasdaq extension or deficiency notice. The company's ability to maintain compliance depends on fundamental improvement, which is not evidenced here.
Price Chart
Executive Summary
Founder Group Ltd (FGL) confirms a 100-for-1 reverse stock split effective September 1, 2026, to regain compliance with Nasdaq's minimum bid price rule (Rule 5550(a)(2)). The stock was trading below $1, triggering delisting risk, and the consolidation reduces outstanding shares from ~7.4M to ~73,693 Class A shares. This is a distress signal for a micro-cap company with a $0M market cap and no new financial data in the filing.
Key Facts
- 100-for-1 reverse stock split effective September 1, 2026.
- Pre-split shares: 7,369,159 Class A and 186,358 Class B; post-split: ~73,693 Class A and ~1,865 Class B.
- Objective: regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
- New CUSIP number: G3662E147; trading symbol remains 'FGL'.
- No financial data or operational updates provided in the filing.
Financial Impact
No revenue or earnings data; the reverse split is a mechanical share consolidation with no change to market cap or fundamentals.
Risk Factors
- Stock price may fall back below $1 post-split, leading to further delisting risk.
- Tiny market cap ($0M) and low liquidity increase volatility and the risk of sharp moves.
- No operational updates or guidance in the filing — business fundamentals are opaque.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (FGL) — Batch item 1 | 0001213900-26-097414 |
| Document: ea030468801ex99-1.htm | 0001213900-26-097414 |
| Document: 0001213900-26-097414-index-headers.html | 0001213900-26-097414 |
| Document: 0001213900-26-097414-index.html | 0001213900-26-097414 |
| Document: 0001213900-26-097414.txt | 0001213900-26-097414 |
| 6-K Filing (FGL) — Batch item 6 | 0001213900-26-097414 |
| Document: ea030468801ex99-1.htm | 0001213900-26-097414 |
| Document: 0001213900-26-097414-index-headers.html | 0001213900-26-097414 |
| Document: 0001213900-26-097414-index.html | 0001213900-26-097414 |
| Document: 0001213900-26-097414.txt | 0001213900-26-097414 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $1.81 | awaiting T+20 | — | $1.79 (−1.10%) |
Sep 21, 2026 5w ago | Press Release | $4.07 $2.42 | ▲ +40.66% | ▲ +39.76% | $1.79 (+56.02%) |
Sep 4, 2026 7w ago | 6-K | $9.30 $4.14 | ▲ +55.48% | ▲ +56.09% | $1.79 (+80.75%) |
Aug 26, 2026 8w ago | 6-K | $19.22 $4.07 | ▲ +78.82% | ▲ +80.03% | $1.79 (+90.69%) |
Jul 13, 2026 15w ago | 6-K | $1.29 $0.7950 | ▼ −38.37% | ▼ −41.56% | $1.79 (+38.76%) |
Jul 6, 2026 16w ago | 6-K | $1.41 $0.8610 | ▲ +38.94% | ▲ +42.10% | $1.79 (−26.95%) |
May 27, 2026 21w ago | EFFECT | $2.64 $1.43 | ▲ +45.83% | ▲ +43.93% | $1.79 (+32.20%) |
Mar 25, 2026 30w ago | Press Release | $3.63 $1.81 | ▼ −50.14% | ▼ −58.00% | $1.79 (−50.69%) |
Mar 16, 2026 32w ago | Press Release | $4.21 $1.71 | ▼ −59.38% | ▼ −63.16% | $1.79 (−57.48%) |
Mar 9, 2026 33w ago | EFFECT | $7.06 $2.51 | ▼ −64.45% | ▼ −61.64% | $1.79 (−74.65%) |
US Market Status
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