Core Viewpoint - Founder Group Limited has received a notification from Nasdaq indicating non-compliance with listing requirements due to insufficient publicly held shares, but this does not immediately affect trading [1][2]. Group 1: Company Compliance and Nasdaq Notification - The Company was notified on February 17, 2026, that it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550(a)(4) [1]. - The Company has until April 3, 2026, to submit a plan to Nasdaq to regain compliance with listing requirements [2]. Group 2: Company Overview - Founder Group Limited specializes in end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [3]. - The Company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [3].
Founder Group Limited Receives NASDAQ Notification Regarding Minimum Publicly Held Shares Deficiency