{"filing":{"accession_number":"0001213900-26-075709","cik":"0001989930","ticker":"FGL","company_name":"Founder Group Ltd","form":"6-K","filing_date":"2026-07-06","report_date":null,"primary_document":"ea0297098-6k_founder.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1989930/000121390026075709/ea0297098-6k_founder.htm"},"events":[{"id":16286,"run_id":14536,"accession_number":"0001213900-26-075709","anchor_item_number":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"The 6-K discloses two material financing transactions: (1) an exchange of $8M of a convertible note into a non-convertible secured promissory note bearing 6% interest maturing December 2027, and (2) a securities purchase agreement with Avondale Capital for up to $20M in pre-paid purchases convertible into Class A ordinary shares, with an initial $1.08M issuance on July 6, 2026. While the second transaction involves equity conversion rights (dilutive_issuance), the primary disclosed event is the creation of new direct financial obligations—the Exchange Note and Pre-Paid Purchase instruments—which are debt-like obligations. The Exchange Note is explicitly a secured non-convertible promissory note; the Pre-Paid Purchases accrue interest and have defined terms. Debt_issuance best captures the principal financial event, though the pre-paid purchase structure with equity conversion rights creates some ambiguity.","company_name":"Founder Group Ltd","ticker":"FGL","filing_date":"2026-07-06","form":"6-K","submitted_at":null,"items":null}],"classifications":[{"id":14342,"accession_number":"0001213900-26-075709","item_number":null,"item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The 6-K discloses two material financing transactions: (1) an exchange of $8M of a convertible note into a non-convertible secured promissory note bearing 6% interest maturing December 2027, and (2) a securities purchase agreement with Avondale Capital for up to $20M in pre-paid purchases convertible into Class A ordinary shares, with an initial $1.08M issuance on July 6, 2026. While the second transaction involves equity conversion rights (dilutive_issuance), the primary disclosed event is the creation of new direct financial obligations—the Exchange Note and Pre-Paid Purchase instruments—which are debt-like obligations. The Exchange Note is explicitly a secured non-convertible promissory note; the Pre-Paid Purchases accrue interest and have defined terms. Debt_issuance best captures the principal financial event, though the pre-paid purchase structure with equity conversion rights creates some ambiguity.","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-07-07T19:06:13.541339+00:00","company_name":"Founder Group Ltd","ticker":"FGL","filing_date":"2026-07-06"}]}