Founder Group Ltd

corporate_fare Company Profile

Founder Group Ltd

FGL·NASDAQ·Real Estate & Construction·CIK 0001989930

Founder Group operates in the renewable energy sector, specifically focusing on solar photovoltaic (PV) systems. The company's subsidiary, Founder Assets, is involved in the use, operation, and maintenance of a solar PV system in Malaysia. In February 2023, Founder Assets entered into an agreement with two Malaysian entities, party A and party B. Under this agreement, party A maintains the solar PV system, and party B purchases the electricity generated from the system for a 20-year term. This project has been fully completed and is operational. Founder Assets holds a License for Public Installation granted by the Energy Commission of Malaysia, which authorizes its activities. This license includes restrictions on changes in shareholders and the shareholding structure of Founder Assets. Founder Assets is currently seeking written approval from the Energy Commission of Malaysia regarding shareholding structure changes resulting from Founder Group's initial public offering. The company faces risks related to revenue concentration from a few large clients.

Founder Group Ltd (NASDAQ:FGL) is a publicly traded company in the Real Estate & Construction sector. Wiseek monitors FGL SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

Founder Group Secures $20M Highly Dilutive Financing and Restructures $8M Convertible Debt (2026-07-07)
Selling Shareholder Registers Resale of 900K Shares, Potentially 85% Dilutive at Deep Discount (2026-05-28)
Founder Group Ltd Faces Severe Financial Distress: Reports Widening Losses, Massive Dilution from Convertible Debt, and Internal Control Weaknesses (2026-04-28)
Founder Group Regains Nasdaq Compliance, Averting Delisting Risk (2026-04-10)
Founder Group Lands Substantial $8.6M Solar Contract in Malaysia (2026-03-25)

Financial Snapshot

Fiscal year ended December 31, 2025

Revenue

RM120.7M MYR

Net Income

-RM7.76M MYR

Diluted EPS

-RM0.25 MYR

Op. Cash Flow

-RM41.03M MYR

Free Cash Flow

-RM41.86M MYR

Gross Profit

RM13.98M MYR

Cash & Equivalents

RM66.22M MYR

Total Debt

RM63.34M MYR

Debt / Equity

2.09×

Net Margin

-6.4%

Source: 20-F · filed 2026-04-28 · accession 0001213900-26-048554

Dilution Risk

Low risk

Filing-implied dilution signals for FGL, detected from its recent SEC filings · based on capital-structure filings through 2026-07-07.

2 recent capital raises

Massive Potential Dilution · No Proceeds to Company

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Insider Transactions

FGL files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

Recent Capital Actions

2026-07-07 Executed Long-term debt ↑ +$8M

uced by an amount equal to the Partitioned Amount. C. Subject to the terms of this Agreement, Lender and Borrower desire to exchange (such exchange is referred to as the “ Note Exchange ”) the Partitioned Note for a new…

Read 6-K analysis →·6-K on SEC EDGAR ↑
2026-07-07 Executed Total debt ↑ +$8M

uced by an amount equal to the Partitioned Amount. C. Subject to the terms of this Agreement, Lender and Borrower desire to exchange (such exchange is referred to as the “ Note Exchange ”) the Partitioned Note for a new…

Read 6-K analysis →·6-K on SEC EDGAR ↑
2026-07-06 Executed Long-term debt ↑ +$17.15M (net of 2 line items)

Executive Officer, Director, and Chairman of the Board of Directors Date: July 6, 2026 3 Exhibit 4.1 THIS NOTE (AS DEFINED BELOW) IS ISSUED IN EXCHANGE FOR (WITHOUT ANY ADDITIONAL CONSIDERATION) that certain SECURED…

Read 6-K analysis →·6-K on SEC EDGAR ↑
2026-07-06 Executed Total debt ↑ +$17.15M (net of 2 line items)

Executive Officer, Director, and Chairman of the Board of Directors Date: July 6, 2026 3 Exhibit 4.1 THIS NOTE (AS DEFINED BELOW) IS ISSUED IN EXCHANGE FOR (WITHOUT ANY ADDITIONAL CONSIDERATION) that certain SECURED…

Read 6-K analysis →·6-K on SEC EDGAR ↑
2026-05-12 Executed Shares outstanding (snapshot) 900K sh

e issuer. 5 THE OFFERING Class A Ordinary Shares outstanding prior to the completion of this offering 894,247 Class A Ordinary Shares Securities offered by the Selling Shareholder 900,000 Class A Ordinary Shares Class A…

POS AM on SEC EDGAR ↑

Detected from SEC filings (8-K, S-4, POS AM, 6-K). Last 12 months.

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feed FGL - Latest Insights

Filing Type

Date Range

FGL

Jul 06, 2026, 9:36 PM EDT

Filing Type: 6-K

Importance Score:

Founder Group Secures $20M Highly Dilutive Financing and Restructures $8M Convertible Debt

Price at Filing: $1.34

Real-time Price: $0.3541

Change: -$0.9859 (-74%)

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

FGL

May 28, 2026, 6:51 AM EDT

Filing Type: 424B3

Importance Score:

Selling Shareholder Registers Resale of 900K Shares, Potentially 85% Dilutive at Deep Discount

Price at Filing: $2.43

Real-time Price: $0.3541

Change: -$2.08 (-85%)

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

FGL

Apr 28, 2026, 4:15 PM EDT

Filing Type: 20-F

Importance Score:

Founder Group Ltd Faces Severe Financial Distress: Reports Widening Losses, Massive Dilution from Convertible Debt, and Internal Control Weaknesses

Price at Filing: $1.71

Real-time Price: $0.3541

Change: -$1.36 (-79%)

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

FGL

Apr 10, 2026, 9:05 AM EDT

Source: Dow Jones Newswires

Importance Score:

Founder Group Regains Nasdaq Compliance, Averting Delisting Risk

Price at Filing: $1.66

Real-time Price: $0.3541

Change: -$1.31 (-79%)

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Mar 25, 2026, 8:32 AM EDT

Source: Dow Jones Newswires

Importance Score:

Founder Group Lands Substantial $8.6M Solar Contract in Malaysia

Price at Filing: $4.28

Real-time Price: $0.3541

Change: -$3.93 (-92%)

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Mar 16, 2026, 8:30 AM EDT

Source: GlobeNewswire

Importance Score:

Founder Group Secures US$5 Million Solar EPC Contract, Valued Over 3x Its Market Cap

Price at Filing: $5.12

Real-time Price: $0.3541

Change: -$4.77 (-93%)

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Mar 12, 2026, 9:28 AM EDT

Filing Type: 424B3

Importance Score:

Selling Shareholder Registers Resale of 900,000 Shares, Creating Significant Dilution Overhang

Price at Filing: $6.18

Real-time Price: $0.3541

Change: -$5.83 (-94%)

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

FGL

Mar 09, 2026, 8:30 AM EDT

Source: GlobeNewswire

Importance Score:

Founder Group Lands $4M, 25.4MW Utility-Scale Solar Contract in Malaysia

Price at Filing: $9.80

Real-time Price: $0.3541

Change: -$9.45 (-96%)

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Mar 03, 2026, 8:40 AM EST

Source: Reuters

Importance Score:

Founder Group Regains Nasdaq Compliance, Averting Delisting Risk

Price at Filing: $9.25

Real-time Price: $0.3541

Change: -$8.90 (-96%)

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Feb 25, 2026, 3:12 PM EST

Filing Type: F-1

Importance Score:

Founder Group Registers 900,000 Shares for Resale by Investor, Signaling Massive Potential Dilution

Price at Filing: $12.50

Real-time Price: $0.3541

Change: -$12.15 (-97%)

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

FGL

Jan 21, 2026, 10:57 AM EST

Filing Type: SCHEDULE 13D

Importance Score:

CEO Receives Substantial Incentive Grant for Major Contract Wins, Increasing Stake to 18.8%

Price at Filing: $0.1395

Real-time Price: $0.3541

Change: Reverse Stock Split

Market Cap: $422.519K

Sentiment: Positive

View Wiseek Article

FGL

Jan 13, 2026, 4:15 PM EST

Filing Type: 6-K

Importance Score:

Founder Group to issue significant incentive shares and execute 100-for-1 reverse stock split

Price at Filing: $0.1342

Real-time Price: $0.3541

Change: Reverse Stock Split

Market Cap: $422.519K

Sentiment: Negative

View Wiseek Article

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