SCHEDULE: Streeterville Capital Discloses 9.99% Stake in Founder Group

Streeterville Capital LLC, along with Streeterville Management LLC and John M. Fife, reported a 9.99% beneficial ownership stake in Founder Group Ltd, holding 2,734,397 Ordinary Shares.

Summary

• Streeterville Capital LLC, Streeterville Management LLC, and John M. Fife collectively reported beneficial ownership of 2,734,397 Ordinary Shares of Founder Group Ltd.
• This ownership represents 9.99% of the 27,371,344 Ordinary Shares outstanding as of December 2, 2025, as reported in the Issuer's Form 144.
• The beneficial ownership is derived from rights held under a Secured Convertible Promissory Note.
• A contractual cap limits the aggregated ownership of Streeterville and all other entities owned by John Fife to 9.99% of the outstanding shares.
• The reporting persons certified that the securities were not acquired or held for the purpose of changing or influencing the control of Founder Group Ltd.

Sentiment

Score: 6

Explanation: The filing is a standard disclosure of beneficial ownership by an institutional investor. The 9.99% stake, derived from a convertible note, indicates a notable investment without an intent to influence control, which is generally neutral to slightly positive for market perception.

Positives

• A significant institutional investor, Streeterville Capital, holds a substantial stake, potentially indicating confidence in the company's long-term prospects.
• The ownership is capped at 9.99%, suggesting a non-activist investment strategy focused on financial returns rather than corporate control.

Risks

• The existence of a Secured Convertible Promissory Note implies potential future dilution if converted, although the 9.99% cap limits immediate impact from this specific holder.
• The contractual cap on ownership could limit Streeterville's ability to increase its stake significantly, potentially capping its influence or future investment.

Future Outlook

NA

Management Comments

• I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides increased transparency regarding a significant institutional holder. The 9.99% cap might reassure some shareholders about the investor's non-activist stance.
• Company Management: Awareness of a significant, but non-controlling, institutional investor.

Key Dates

Recommendation

This Schedule 13G filing primarily serves as a disclosure of a significant beneficial ownership stake by Streeterville Capital LLC and its affiliates in Founder Group Ltd. It indicates a substantial investment (9.99%) derived from a Secured Convertible Promissory Note, with a stated intent not to influence control. While the presence of a notable institutional investor can be a positive signal, the filing itself does not provide new financial performance data, strategic updates, or other information that would fundamentally alter the investment thesis for Founder Group Ltd. Therefore, without additional context or new operational information, a 'hold' recommendation is appropriate, maintaining existing positions based on prior analysis rather than initiating new action solely on this ownership disclosure.

Keywords

Founder Group Ltd, Streeterville Capital LLC, Streeterville Management LLC, John M. Fife, Beneficial Ownership, Schedule 13G, Ordinary Shares, Convertible Note, Institutional Investor, Equity Stake