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FGL News25 articles
Founder Group Slumps 23% Premarket on Second Reverse Split
Founder Group shares fell 22.7% in premarket trading after the company revealed a second 100-for-1 reverse stock split, its second in seven months, set to take effect September 1.
Firmus IPO: Founders' Staged Exit Raises Questions Amid Missing Prospectus
Firmus founders can sell a portion of their stakes one year after the IPO, but the absence of a prospectus leaves investors guessing about valuation and financials.
Anthropic Co-Founder Urges Mandatory, Auditable AI Shutdown Controls
Anthropic co-founder Jack Clark suggests AI shutdown capabilities should be mandatory and verifiable by third parties. A House bill proposes similar requirements for the most powerful AI systems.
SharonAI Leadership Shift: COO Transition Preserves Founder's Equity Stake
SharonAI disclosed leadership changes, with co-founder Leece keeping 151,219 RSUs as Burns becomes COO. Contract runs to 2027, stock up 5%.
HYROX Founders Regain Control in €600M Buyback Deal
HYROX founders regain majority control in a reported €600 million deal backed by L Catterton. The transaction reshapes ownership and highlights growth, with implications for partner PUMA.
Lululemon Founder's Divorce Report Raises Ownership Questions
A reported divorce between Lululemon's founder and his wife has spotlighted a sizable voting bloc, prompting scrutiny over potential changes in ownership and control.
HYBE Edges Up Despite Founder's $190M IPO Fraud Referral
HYBE (352820.KS) gained 0.7% after police referred founder Bang Si-hyuk to prosecutors over alleged ₩263.1 billion IPO fraud. Q2 revenue hit a record ₩1.45 trillion.
Evergrande Founder Jailed for Life; Vanke Shares Rally
Evergrande founder Hui Ka Yan gets life sentence, assets seized. Vanke shares rise 3.17% despite weak fundamentals; recovery for creditors estimated at 0.57%.
Evergrande Founder Gets Life Sentence; Creditors Face 99% Loss
Hui Ka Yan's life sentence underscores the massive shortfall for Evergrande creditors, who face a 99% loss as asset recoveries remain minimal.
Snap Co-Founder's $550M Medical Debt Relief Estimated at $5.5M
Snap co-founder Evan Spiegel and Miranda Kerr's $550 million medical debt relief donation is estimated to have cost $5.5 million, based on typical debt portfolio discounts.
Bending Spoons' Extreme Hiring Selectivity and Founder Control Define Post-IPO Landscape
Bending Spoons hired just 286 of 800,000 applicants in 2025, while its founders control 82.71% of votes post-IPO. Shares have dropped 18.7% from the debut close.
Trident Digital Tech Surges on Founder's Below-Market Debt Conversion
Trident Digital Tech shares jumped 46.7% after founder Soon Huat Lim announced a debt-to-equity swap at a 25% discount to market price, aiming to shore up the company's finances.
Recursion Pharmaceuticals Gains Amid Founder Sale Filing, Short Interest Remains Elevated
Recursion Pharmaceuticals (RXRX) shares gained 3.54% on Thursday, even as the broader market slipped, with a founder's planned sale representing a tiny fraction of volume. Short interest remains high at 39.11% of float.
Convicted Fintech Founder Seeks Trump Pardon in JPMorgan Fraud Case
Charlie Javice, convicted of defrauding JPMorgan in its $175 million Frank acquisition, is seeking a presidential pardon from Donald Trump as appeals and legal battles continue.
Lululemon Rises on Governance Pact with Founder Chip Wilson
Lululemon shares rose 4.5% after settling a board dispute with founder Chip Wilson, adding two new directors ahead of a CEO transition and Q1 earnings.
Anthropic Bolsters AI Research with Key Hires Including OpenAI Co-Founder
Anthropic hires OpenAI co-founder Andrej Karpathy to its pre-training team, aiming to accelerate Claude model development with AI-driven research.
Fermi Inc. Raises Voting Threshold Amid Founder Dispute
Fermi Inc. raised its shareholder vote threshold to 70% for key bylaw changes, escalating the conflict with ousted co-founder Toby Neugebauer ahead of Q1 earnings.
Fermi’s Proxy Battle Intensifies Ahead of Q1 Earnings, Founder Pushes for Board Overhaul
Fermi founder Toby Neugebauer pushes for board changes despite the board canceling a May 29 meeting. Q1 earnings are due Thursday, with focus on Project Matador tenant negotiations.
Recursion Pharma Co-Founder Gibson to Exit Board Ahead of Q1 Results
Recursion Pharmaceuticals founder Chris Gibson will leave the board at the June annual meeting. Q1 earnings due May 6; focus on cash, clinical progress, and AI platform.
Apple's Third Co-Founder Sold His Stake for $800, No Regrets at 91
Ronald Wayne, Apple's forgotten co-founder, sold his 10% stake for $800 in 1976. Now worth nearly $400 billion, he says he has no regrets, emphasizing personal liability.
Super Micro Plunges on Co-Founder Charges Over AI Server Diversion
Super Micro Computer shares plummeted 33.2% after U.S. authorities charged co-founder Yih-Shyan 'Wally' Liaw and two others with illegally diverting $2.5 billion worth of AI servers to China. The company placed Liaw on leave and named a new compliance chief.
Lululemon Founder's Board Challenge Weighs on Shares
Lululemon shares fell in premarket trading following a new proxy filing from founder Chip Wilson, who is seeking board changes. The stock has declined significantly this year.
Wagners Founders Sell $132M Stake, Stock Dips Ahead of Key Filings
Shares in Wagners Holding Company declined following a major insider sale by two founding brothers, raising questions about future supply pressure as the market awaits regulatory disclosures.
Wagners Founders Offload Major Stake, Shares Dip
Shares in Wagners Holding Company Ltd declined following a substantial share sale by founding family members Neill and Joseph Wagner, who sold 30 million shares at A$4.40 each.
Zoho Founder Warns of Big Tech Sovereignty as Alphabet's $32B Bond Sale Fuels Debate
Zoho co-founder Sridhar Vembu reignited warnings about Big Tech's sovereign-like power following Alphabet's massive $31.5 billion bond issuance, drawing parallels to historical colonial trading companies.