Founder Group Limited Receives Nasdaq Warning for Sub-500,000 Public Shares, April 3 Deadline
Founder Group Limited received a Nasdaq notification on February 17, 2026 for falling below the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4). The company has until April 3, 2026 to submit a plan with a timeline to restore compliance or risk delisting.
1. Nasdaq Notification Received
On February 17, 2026, Founder Group Limited received a letter from Nasdaq’s Listing Qualifications Department notifying the company that it no longer meets the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4) for the Nasdaq Capital Market.
2. Compliance Deadline and Plan
The company has until April 3, 2026 to submit a specific plan detailing the steps and timeline required to regain compliance with all Nasdaq Capital Market listing requirements, including how it will secure additional public float.
3. Trading Status Unaffected
The notification does not have an immediate effect on the listing or trading of the company’s Class A ordinary shares, allowing investors to continue trading while the company works on its compliance plan.
4. Company Profile
Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, focusing on large-scale solar and commercial and industrial projects to promote eco-friendly energy and achieve carbon neutrality.