SELANGOR, Malaysia, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (Nasdaq: FGL) (“FGL” or the “Company”), announced today that on February 17, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that since it no longer meets the minimum 500,000 publicly held shares requirement under Nasdaq Listing Rule 5550(a)(4) for the Nasdaq Capital Market, it no longer complies with the Listing Rules for continued listing. T ...

Core Points - Founder Group Limited ("FGL") has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for continued listing [1][2] - The company has a compliance period of 180 calendar days, until May 5, 2026, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days, provided it meets other listing standards and intends to cure the deficiency [2][3] - The company is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's requirements [3] Company Overview - Founder Group Limited is a provider of end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [4] - The company's primary focus is on large-scale solar projects and commercial and industrial (C&I) solar projects [4] - The mission of the company is to provide innovative solar installation services, promote eco-friendly resources, and achieve carbon neutrality [4]