Recent Updates — FBGL
The Nasdaq Listing Qualifications Staff notified FBS Global Limited on October 12, 2026, that it has regained compliance with Listing Rule 5550(a)(2). The exchange determined that the closing bid price of the company's ordinary shares remained at or above $1.00 for ten consecutive business days from September 28 through October 9, 2026. This resolves a deficiency matter identified on April 15, 2026, which had granted the company a 180-day cure period ending October 12, 2026. The compliance was achieved following a 1-for-10 share consolidation announced in September. FBS Global Limited is a construction and building systems specialist focused on high-specification projects across commercial, industrial, and public sector markets.
FBS Global Limited announced that shareholders approved a one-for-ten reverse stock split at an extraordinary general meeting on September 13, 2026. The consolidation is conditional upon Nasdaq clearance and will take effect immediately upon authorization. Trading on the Nasdaq Capital Market under symbol FBGL with a new CUSIP number G3337S117 is expected to begin on September 28, 2026. The par value increases from US$0.001 to US$0.01 per share, reducing issued shares from approximately 13.5 million to 1.35 million while maintaining total authorized capital at US$500,000. Fractional shares will be rounded up or sold with proceeds distributed to shareholders. This action aims to satisfy the Nasdaq minimum bid price requirement of $1.00. FBS Global Limited operates in the construction and building systems industry, specializing in high-specification commercial, industrial, and public sector projects.
On September 13, 2026, shareholders of FBS Global Limited approved a 1-for-10 share consolidation. The resolution passed with 8,919,460 votes in favor and zero against, representing 66.07% of outstanding shares. This action reduces the number of authorized shares from 500 million to 50 million while maintaining the total authorized capital at US$500,000. The board is authorized to implement the consolidation, including handling fractional share entitlements. FBS Global Limited operates in the financial services industry, providing forex and CFD trading solutions.
FBS Global Limited filed a Form 6-K to announce an extraordinary general meeting scheduled for September 13, 2026, where shareholders will vote on a proposal to consolidate its ordinary shares at a ratio of one-for-ten. This reverse stock split is intended to raise the share price above Nasdaq's $1.00 minimum bid price requirement and maintain the company's listing status on the Nasdaq Capital Market under the symbol FBGL. The consolidation would increase the par value from US$0.001 to US$0.01 per share while reducing the number of authorized and issued shares by a factor of ten, with no fractional shares issued upon effectiveness. FBS Global Limited operates in the financial services industry, providing forex and CFD trading platforms.