Selangor – October 17, 2026 -- Founder Group Limited (FGL) will combine its shares at a ratio of 100 for 1 effective September 1, 2026, shrinking its Class A share count from 7,369,159 to approximately 73,693 as it works to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
Class A shares move to a new CUSIP on September 1
Class A shares will trade on the Nasdaq Capital Market on an adjusted basis from the opening of trading on September 1, 2026. The ticker stays "FGL", but the shares carry a new CUSIP number, G3662E147. The company said the aim is to maintain its Nasdaq listing.
Class B count falls from 186,358 to about 1,865
Immediately before the combination, 7,369,159 Class A shares and 186,358 Class B shares, both of no par value, are issued and outstanding. Afterwards, Class A shares will total approximately 73,693 and Class B shares approximately 1,865.
Shareholders need not act, and fractional holdings round up
Every 100 ordinary shares will convert automatically into one share without any shareholder action. Holders left with fractional shares will receive bonus shares to round their positions up to the nearest whole number.