VCI Global approves 1-for-18 reverse stock split
Shareholders need not take action; brokerage-held shares and shares held in book-entry form at Vstock will be credited automatically.
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Rhea-AI Filing Summary
VCI Global Ltd. said its board approved a 1-for-18 reverse stock split of its ordinary shares, effective at 12:01 a.m. Eastern Time on November 2, 2026, under the existing trading symbol VCIG. Issued and outstanding ordinary shares are expected to decrease from approximately 9,639,594 to approximately 535,533. The company said the split is intended to comply with Nasdaq’s minimum bid price requirement and strategically position it for a potential landmark institutional transaction.
No fractional shares will be issued; fractional amounts will be rounded up to the next nearest number at the participant level. Shareholders need not take action. Vstock Transfer, LLC, the company’s transfer agent and exchange agent, will provide physical certificate holders instructions for exchanging certificates for split-adjusted shares in book-entry form. Brokerage-held shares and shares held in book-entry form at Vstock will be credited automatically.
Key Figures
Key Terms
Reverse Stock Split technical
minimum bid price requirement regulatory
book-entry form technical
exchange agent financial
Stock Split
FAQ
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What is VCIG’s reverse stock split ratio and effective date?
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