Founder Group amends $1.08 million pre-paid purchase terms, resets share pricing formula
FGL•Amended pre-paid purchase agreement
Founder Group amended a $1.08 million pre-paid purchase agreement dated July 6, 2026.
The amendment reset the share purchase price to 85% of the lowest VWAP over the prior 10 trading days or the lowest intraday hourly VWAP.
The agreement also added an “Intraday Hourly VWAP” definition based on hourly measurements from 3:00 a.m. to 7:00 p.m. Central Time.
The agreement states that no cash or property consideration was paid in connection with the amendment, which became effective Aug. 19, 2026.
