Founder Group announces 100-for-1 share consolidation effective Sept. 1 - FGL News | RalliesFounder Group announces 100-for-1 share consolidation effective Sept. 1
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FGL• Share consolidation and Nasdaq compliance
- Founder Group will execute a 100-for-1 share consolidation effective Sept. 1, 2026.
- The move targets renewed compliance with Nasdaq’s $1 minimum bid requirement under Rule 5550(a)(2).
- Class A shares are expected to trade on an adjusted basis under ticker FGL with new CUSIP G3662E147.
- The share count is expected to fall to about 73,693 Class A shares from 7.37 million, and Class B shares to about 1,865 from 186,358.
- Fractional positions will be rounded up through issuance of bonus shares.
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