Financing ·
On June 30, 2026, Founder Group Limited entered into an exchange agreement with Streeterville Capital, LLC to…
FGLFounder Group Ltd
On June 30, 2026, Founder Group Limited entered into an exchange agreement with Streeterville Capital, LLC to partition $8,000,000 from an existing $16,070,000 secured convertible promissory note into a new secured non-convertible promissory note. This new note bears 6% annual interest and matures on December 11, 2027. Additionally, on July 6, 2026, the company entered into a securities purchase agreement with Avondale Capital, LLC for up to $20,000,000 in pre-paid purchases of Class A ordinary shares. The company executed an initial pre-paid purchase of $1,080,000, subject to a $70,000 original issue discount and $10,000 in transaction expenses. Subsequent purchases will feature a 7% original issue discount and 8% annual interest. Founder Group Limited is a business company involved in various commercial operations.