Founder Group Limited Regains Compliance with Nasdaq’s Minimum Publicly Held Shares Requirement

SELANGOR, Malaysia, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or the “Company”) today announced that it received a letter dated October 19, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq’s minimum publicly held shares requirement under Listing Rule 5550(a)(4) (the “Listing Rule”).

Nasdaq previously notified the Company on September 16, 2026 that it did not comply with the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market under the Listing Rule. Based on the Company’s confirmation dated October 9, 2026 that it has 541,791 publicly held shares, Nasdaq determined that the Company complies with the Listing Rule and that this matter is now closed.