FGL 424B3: Secondary offering
Founder Group Limited
Filed with the SEC on · accession 0001213900-26-061723
FGL filed a 424B3 (prospectus (offering)) with the SEC on May 28, 2026. The final terms of an offering of shares or bonds. The stock moved -20.5% by the first close after the filing.
Summary of the filing
Founder Group Limited filed a prospectus for the resale of up to 900,000 Class A ordinary shares by a selling shareholder, issued upon conversion of a $16.07 million secured convertible promissory note from a December 2025 private placement.
Key details
How FGL stock reacted
Close before
$264.00
May 27, 2026
First close after
-20.45%
$210.00
5 trading days
-26.52%
$194.00
Since filing
-99.56%
$1.15
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Click hereFrequently asked questions
What did FGL file with the SEC on May 28, 2026?
FGL filed a 424B3 (Secondary offering). Founder Group Limited filed a prospectus for the resale of up to 900,000 Class A ordinary shares by a selling shareholder, issued upon conversion of a $16.07 million secured convertible promissory note from a December 2025 private placement.
What does a secondary offering mean for FGL stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B3?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did FGL stock react to this filing?
FGL closed at $264.00 before the filing and $210.00 on May 28, 2026 (-20.45%). Five trading days later: $194.00 (-26.52%).
Other FGL SEC filings
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