Founder Group shares jump 11.51% after-hours after announcing 100-for-1 share combination to comply with Nasdaq listing rules.
ByAinvest
Friday, Feb 6, 2026 4:19 pm ET1min read
FGL--
Founder Group surged 11.51% in after-hours trading following its announcement of a 100-for-1 share combination, effective February 10, 2026. The move aims to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which mandates a minimum bid price of $1. By consolidating shares, the company reduces the total outstanding shares (from ~32.18 million to ~321,781 Class A shares), effectively increasing the per-share price to meet Nasdaq’s requirements. The adjustment ensures continued listing on Nasdaq, addressing prior warnings about non-compliance. Investors likely interpreted the action as a proactive measure to stabilize the stock structure and avoid delisting, while the automatic rounding of fractional shares to whole numbers further supports shareholder value. The announcement directly aligns with the stock’s after-hours rally, reflecting optimism about the company’s regulatory compliance efforts.
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