Founder Group Limited (NASDAQ:FGL), a solar energy solutions provider, has received a delisting notice from Nasdaq because it no longer meets the minimum requirement of 500,000 publicly held shares. The company’s stock has seen a significant decline, plunging 92.6% over the past year. Nasdaq has given Founder Group until April 3, 2026, to submit a plan to regain compliance, and the company intends to do so.
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Founder Group receives Nasdaq delisting notice over share rule
Founder Group Limited (NASDAQ:FGL), a solar energy solutions provider, has received a delisting notice from Nasdaq because it no longer meets the minimum requirement of 500,000 publicly held shares. The company’s stock has seen a significant decline, plunging 92.6% over the past year. Nasdaq has given Founder Group until April 3, 2026, to submit a plan to regain compliance, and the company intends to do so.