Founder Group Announces 1-for-100 Reverse Split to Boost Share Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14h ago
0mins
Should l Buy FGL?
Source: stocktwits
- Reverse Split Announcement: Founder Group will implement a 1-for-100 reverse split on February 10, consolidating approximately 32.2 million Class A and 9.3 million Class B shares into 321,781 Class A and 93,247 Class B shares, aimed at boosting share price to meet Nasdaq's minimum bid requirements.
- Nasdaq Compliance Pressure: The company received a notice from Nasdaq last November for failing to maintain the $1 minimum bid price for 30 consecutive business days, and the reverse split is a strategy to regain compliance within the 180-day grace period to avoid delisting.
- Deteriorating Financials: According to the latest financial update, Founder Group's revenue for the half-year ended June 2025 increased by 82%, yet its net loss widened by nearly one-third, indicating a struggle between growth and profitability.
- Renewable Energy Partnership: The company signed an agreement with Planet QEOS to jointly develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at approximately $276 million, highlighting its strategic focus on renewable energy initiatives.
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Analyst Views on FGL
About FGL
Founder Group Limited is principally engaged in providing engineering, procurement, construction and commissioning (EPCC) solutions provider for solar PV facilities in Malaysia. The Company’s segments include Large-scale solar projects and Commercial & Industrial (C&I) projects. Large-scale solar projects are utility scale solar photovoltaic (PV) power plants with installed generating capacity of one megawatt alternating current or more. Large-scale solar projects are ground mounted and are designed to supply power to the power grid. C&I projects are smaller scale solar projects where the solar PV systems are installed on rooftops and are designed to generate electricity for commercial and industrial properties for their own consumption, such as factories, warehouses and commercial stores. The Company offers engineering and design, from initial conceptualization up to detailed system design. This includes designing the solar PV array and balance of system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Founder Group Announces Share Combination to Maintain Nasdaq Listing
- Share Combination Plan: Founder Group announced a 100-for-1 share combination effective February 10, 2026, aimed at regaining compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing status.
- Adjustment Details: Post-combination, the number of Class A shares will decrease from 32,178,109 to approximately 321,781, while Class B shares will reduce from 9,324,733 to about 93,247, ensuring shareholders' holdings are rounded to the nearest whole number.
- Market Impact Analysis: This share combination is expected to align the company with Nasdaq regulations, potentially boosting investor confidence and improving the company's image in the capital markets, thereby enhancing future financing capabilities.
- Company Background: Founder Group is focused on providing end-to-end EPCC solutions for solar PV facilities in Malaysia, emphasizing large-scale solar projects and commercial and industrial solar initiatives, promoting eco-friendly resources and achieving carbon neutrality.
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Founder Group Announces 1-for-100 Reverse Split to Boost Share Price
- Reverse Split Announcement: Founder Group will implement a 1-for-100 reverse split on February 10, consolidating approximately 32.2 million Class A and 9.3 million Class B shares into 321,781 Class A and 93,247 Class B shares, aimed at boosting share price to meet Nasdaq's minimum bid requirements.
- Nasdaq Compliance Pressure: The company received a notice from Nasdaq last November for failing to maintain the $1 minimum bid price for 30 consecutive business days, and the reverse split is a strategy to regain compliance within the 180-day grace period to avoid delisting.
- Deteriorating Financials: According to the latest financial update, Founder Group's revenue for the half-year ended June 2025 increased by 82%, yet its net loss widened by nearly one-third, indicating a struggle between growth and profitability.
- Renewable Energy Partnership: The company signed an agreement with Planet QEOS to jointly develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at approximately $276 million, highlighting its strategic focus on renewable energy initiatives.
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- Share Combination Plan: Founder Group announced a 100-for-1 share combination effective February 10, 2026, aimed at regaining compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing status.
- Adjustment Details: Post-combination, the number of Class A shares will decrease from 32,178,109 to approximately 321,781, while Class B shares will reduce from 9,324,733 to about 93,247, ensuring shareholders' holdings are rounded to the nearest whole number.
- Market Impact Analysis: This share combination is expected to align the company with Nasdaq regulations, potentially boosting investor confidence and improving the company's image in the capital markets, thereby enhancing future financing capabilities.
- Company Background: Founder Group is focused on providing end-to-end EPCC solutions for solar PV facilities in Malaysia, emphasizing large-scale solar projects and commercial and industrial solar initiatives, promoting eco-friendly resources and achieving carbon neutrality.
See More
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- Reverse Split Announcement: Founder Group will implement a 1-for-100 reverse split on February 10, consolidating approximately 32.2 million Class A and 9.3 million Class B shares into 321,781 Class A and 93,247 Class B shares, aimed at boosting share price to meet Nasdaq's minimum bid requirements.
- Nasdaq Compliance Pressure: The company received a notice from Nasdaq last November for failing to maintain the $1 minimum bid price for 30 consecutive business days, and the reverse split is a strategy to regain compliance within the 180-day grace period to avoid delisting.
- Deteriorating Financials: According to the latest financial update, Founder Group's revenue for the half-year ended June 2025 increased by 82%, yet its net loss widened by nearly one-third, indicating a struggle between growth and profitability.
- Renewable Energy Partnership: The company signed an agreement with Planet QEOS to jointly develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at approximately $276 million, highlighting its strategic focus on renewable energy initiatives.
See More
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- Market Performance: U.S. stocks traded higher midway through trading, with the S&P 500 gaining approximately 1.6%, the Dow rising 2.01% to 49,891.59, and the NASDAQ climbing 1.84% to 22,954.50, indicating a positive market sentiment and increased investor confidence.
- Sector Dynamics: Information technology shares gained 2.5% on Friday, while communication services stocks fell by 2%, reflecting a preference for tech stocks and concerns over the communication sector, which may impact future performance of related companies.
- AutoNation Earnings: Shares of AutoNation, Inc. (NYSE:AN) surged over 7% after posting fourth-quarter results, reporting adjusted earnings per share of $5.08, a 2% year-over-year increase that beat analyst expectations of $4.85, despite sales of $6.929 billion missing the consensus estimate of $7.200 billion, showcasing the company's resilience in profitability.
- Economic Indicators: The U.S. Manheim Used Vehicle Value Index rose 2.4% month-over-month in January, while the University of Michigan's consumer sentiment index increased by 0.9 points to 57.3, exceeding market estimates of 55, indicating a rebound in consumer confidence that could positively influence future spending.
See More
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- NASDAQ and S&P 500 Rise: The NASDAQ climbed 0.97% to 22,759.56, while the S&P 500 rose 1.02% to 6,867.68, reflecting a recovery trend in tech and other sectors, thereby boosting market confidence.
- Amazon's Earnings Impact Stock Price: Amazon.com Inc. (NASDAQ:AMZN) shares fell around 9% on Friday despite reporting fourth-quarter net sales of $213.39 billion, a 14% year-over-year increase; however, its earnings per share of $1.95 missed the consensus estimate of $1.97, leading to diminished investor confidence.
- Commodity Market Fluctuations: Oil prices dipped 0.3% to $63.08, while gold rose 1.6% to $4,969.10, indicating increased demand for safe-haven assets, and copper saw a slight increase of 0.4% to $5.8460, reflecting stable industrial demand.
See More
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Company Announcement: Founder Group Limited has announced a significant financial move involving a share combination.
Share Value Impact: The company is implementing a 100-for-1 share combination, which may affect the market perception and trading of its shares.
See More
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NVIDIA's Strong Performance: NVIDIA Corp's shares rose 5.2% in pre-market trading after reporting a 62% year-over-year revenue increase to $57.0 billion for Q3, surpassing expectations with a strong revenue forecast for the current quarter.
Notable Gainers: Several stocks saw significant pre-market gains, including Sonder Holdings Inc (+138.8%), Inspire Veterinary Partners Inc (+60.3%), and Cerence Inc (+29.2%), following positive financial results or forecasts.
Major Losers: WeShop Holdings Limited experienced a sharp decline of 38.8% in pre-market trading after a previous surge, while other notable losers included Brera Holdings PLC (-35.5%) and Meihua International Medical Tech Co Ltd (-23.8%).
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting better-than-expected financial results while others faced significant declines.
See More
