Founder Group Limited Secures $16.07 Million Convertible Note Financing with Streeterville Capital

The latest update is out from Founder Group Ltd. ( (FGL) ).

On December 11, 2025, Founder Group Limited entered into a securities purchase agreement with Streeterville Capital, LLC for a secured convertible promissory note with an original principal amount of $16.07 million, carrying a 6% simple annual interest rate and an original issue discount and expense allocation totaling $1.07 million. The note, which is convertible into the company’s Class A ordinary shares at a discount to recent market prices and includes a cash-settlement option for the investor if the conversion price falls below a set floor, was issued and funded the same day, with $3 million paid directly to Founder Group and $12 million placed into a controlled deposit account at a U.S. bank in the name of its subsidiary Founder Capital, LLC to secure the obligations. The financing is further backed by a guaranty from Founder Capital and a pledge of its equity interests, and Founder Group has committed to register a substantial block of Class A shares for potential resale, a structure that provides near-term funding while exposing existing shareholders to potential dilution and giving the lender significant security and enforcement rights in the event of default.

More about Founder Group Ltd.

Founder Group Limited is a British Virgin Islands-incorporated company with principal executive offices in Malaysia. The filing references Class A ordinary shares listed on a U.S. exchange and a wholly owned U.S. subsidiary, Founder Capital, LLC, indicating a corporate structure focused on accessing U.S. capital markets, though the specific operating industry and products are not described in the release.

Average Trading Volume: 13,583,204

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.36M

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