{"id":908867,"date":"2025-11-12T11:04:40","date_gmt":"2025-11-12T16:04:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-deficiency\/"},"modified":"2025-11-12T11:04:40","modified_gmt":"2025-11-12T16:04:40","slug":"founder-group-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-deficiency","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","title":{"rendered":"Founder Group Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SELANGOR, Malaysia, Nov.  12, 2025  (GLOBE NEWSWIRE) &#8212; Founder Group Limited (\u201cFGL\u201d or the \u201cCompany\u201d), today announced that on November 6, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that, based on the closing bid price of its Class A Ordinary Shares over the past 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share.<\/p>\n<p align=\"justify\">The notification has no immediate effect on the listing or trading of the Company\u2019s Class A Ordinary Shares on Nasdaq. Nasdaq has provided the Company with a 180 calendar days compliance period, or until May 5, 2026, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company\u2019s securities will be subject to delisting.<\/p>\n<p align=\"justify\">The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq\u2019s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.<\/p>\n<p>\n        <strong>About Founder Group Limited<\/strong>\n      <\/p>\n<p align=\"justify\">Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company\u2019s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&amp;I) solar projects. The Company\u2019s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality.<\/p>\n<p align=\"justify\">For more information on the Company, please log on to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gYvxpxvZ8101fz_8nNaTMULJz6dXRwHY36gI8CpebH97_YAbvNJFq3BEKp_4EyAUFdWtOIuPv5Zhu80HPEXg-oyGlk9h-YdneJ1eY-x5PkT63NP7NkkuZ5jN_ksWkHOo\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.founderenergy.com.my\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company\u2019s proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under \u201cRisk Factors\u201d in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cis\/are likely to,\u201d \u201cpotential,\u201d \u201ccontinue\u201d or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.<\/p>\n<p align=\"justify\">\n        <strong>Contact Information:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Founder Group Limited Contact:<\/strong><br \/>\n        <br \/>Eric Lee<br \/>Chief Executive Officer<br \/>Telephone +03-3358 5638<br \/>Email: ericlee@founderenergy.com.my<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Inquiries:<\/strong><br \/>\n        <br \/>Skyline Corporate Communications Group, LLC<br \/>Scott Powell, President<br \/>1177 Avenue of the Americas, 5th Floor<br \/>New York, New York 10036<br \/>Office: (646) 893-5835<br \/>Email: info@skylineccg.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MzkyMSM3MjU4OTEzIzIyOTY0NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDY2ODYwZjEtOGFlMS00ZGU5LTg5NjEtOTcxMWQ4YTlkYTY2LTEzMDc5OTAtMjAyNS0xMS0xMi1lbg==\/tiny\/Founder-Group-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SELANGOR, Malaysia, Nov. 12, 2025 (GLOBE NEWSWIRE) &#8212; Founder Group Limited (\u201cFGL\u201d or the \u201cCompany\u201d), today announced that on November 6, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that, based on the closing bid price of its Class A Ordinary Shares over the past 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share. The notification has no immediate effect on the listing or trading of the Company\u2019s Class A Ordinary Shares on Nasdaq. Nasdaq has provided the Company with a 180 calendar days compliance period, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Founder Group Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-908867","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Founder Group Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/founder-group-limited-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Founder Group Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SELANGOR, Malaysia, Nov. 12, 2025 (GLOBE NEWSWIRE) &#8212; Founder Group Limited (\u201cFGL\u201d or the \u201cCompany\u201d), today announced that on November 6, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that, based on the closing bid price of its Class A Ordinary Shares over the past 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share. The notification has no immediate effect on the listing or trading of the Company\u2019s Class A Ordinary Shares on Nasdaq. 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