---
title: "Weekly Recap | Founder -42.91%, consolidation takes effect"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297388460.md"
description: "Founder fell 42.91% this week to close at $0.1534, underperforming the S&P 500, which rose 0.49% — a gap of roughly 43.4 percentage points. The stock swung through an 84.27% amplitude on sharply higher volume. Price action was choppy: Monday’s (Aug 24) session peaked at $0.3280 before closing at $0.2754, then fell hard to $0.2098 on Tuesday (Aug 25). Wednesday (Aug 26) saw volume surge to 58.09m shares as the price declined further. Thursday (Aug 27) and Friday (Aug 28) traded near $0."
datetime: "2026-08-29T05:42:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297388460.md)
  - [en](https://longbridge.com/en/news/297388460.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297388460.md)
generator: "portal-rs"
---

# Weekly Recap | Founder -42.91%, consolidation takes effect

## The Week

Founder fell 42.91% this week to close at $0.1534, underperforming the S&P 500, which rose 0.49% — a gap of roughly 43.4 percentage points. The stock swung through an 84.27% amplitude on sharply higher volume. Price action was choppy: Monday’s (Aug 24) session peaked at $0.3280 before closing at $0.2754, then fell hard to $0.2098 on Tuesday (Aug 25). Wednesday (Aug 26) saw volume surge to 58.09m shares as the price declined further. Thursday (Aug 27) and Friday (Aug 28) traded near $0.17, with the stock ending the week at $0.1534 and the week’s low at $0.1206 on Tuesday.

## Key Events

News flow was heavy. On Tuesday (Aug 25), Founder announced a 19.9% stake in Nichcom Go, a Malaysia-based EV charger operator. The stock rose 8.90% in pre-market trade but ended the session down 13.33%, with valuation concerns outweighing the deal’s early boost. The same week saw multiple major-shareholder sales: HRT Financial LP sold common shares on Tuesday, Thursday and Saturday, and another major shareholder offloaded 146,713 shares. On Wednesday (Aug 26), Founder amended the conversion pricing terms of a $16.07m convertible note held by Streeterville Capital; the stock gained 52.53% pre-market before giving back those gains. On Friday (Aug 28), the company announced a 1-for-100 share consolidation effective 1 September.

## The Week Ahead

A busy macro calendar lies ahead: the Dallas Fed manufacturing activity index on Monday (Aug 31), S&P Global manufacturing PMI final and ISM manufacturing PMI alongside JOLTS job openings on Tuesday (Sep 1), then ADP employment, factory orders and EIA crude inventories on Wednesday (Sep 2). For Founder, the more direct catalyst is the 1-for-100 share consolidation taking effect on 1 September, which will reset the quoted price and may reshape liquidity.

## In Short

Founder’s week combined high volatility with a dense run of announcements. The EV charging acquisition attempt produced intraday pops, but major-shareholder selling and the convertible note amendment weighed on the price, leaving the stock sharply lower versus the broader market. With the share consolidation now imminent, the tension sits between a much higher nominal price and the latest session’s large-lot net buying. What matters next is how the stock trades after consolidation and whether the weak tape persists.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**