VCI Global (NASDAQ: VCIG) enacts 1-for-60 reverse split to support Nasdaq bid

Rhea-AI Filing Summary

VCI Global Limited approved a 1-for-60 reverse stock split of its ordinary shares, effective at 12:01 a.m. Eastern Time on February 27, 2026. This corporate action is intended to help maintain compliance with Nasdaq’s minimum bid price requirement and to position the company for a potential landmark institutional transaction.

After the reverse split, the number of ordinary shares issued and outstanding will decrease from approximately 65,298,054 to approximately 1,088,301, while the trading symbol will remain “VCIG” and the shares will trade under a new CUSIP number, G98218400. Fractional entitlements will be rounded up to the nearest whole share at the participant level, and shareholders are not required to take any action, as the transfer agent Vstock Transfer, LLC will handle the share adjustments through brokers and book-entry records.

Insights

Equity Capital Markets Analyst

VCIG consolidates shares 1-for-60 to support Nasdaq bid-price compliance.

VCI Global Limited is executing a 1-for-60 reverse stock split, cutting outstanding ordinary shares from approximately 65,298,054 to approximately 1,088,301. This substantially raises the per-share price mechanically without changing the company’s overall equity value.

The stated goals are to maintain compliance with Nasdaq’s minimum bid price requirement and to strategically position the company for a potential landmark institutional transaction. The filing does not detail that transaction’s terms, size, or timing, so its significance remains conditional on future developments.

Because the split includes rounding up fractional positions to the next whole share, some holders may see a slight increase in share count versus a strict proportional split. Subsequent disclosures in future company filings would be needed to understand whether the contemplated institutional transaction proceeds and on what terms.

FAQ

What reverse stock split did VCI Global (VCIG) approve in February 2026?

VCI Global approved a 1-for-60 reverse stock split of its ordinary shares, effective February 27, 2026. This consolidates every 60 existing shares into one new share, mechanically increasing the share price while reducing the number of shares outstanding.

How will VCI Global’s share count change after the 1-for-60 reverse split?

After the 1-for-60 reverse stock split, VCI Global’s issued and outstanding ordinary shares will decrease from approximately 65,298,054 to approximately 1,088,301. Each shareholder’s proportionate ownership remains effectively the same, aside from minor effects from fractional-share rounding up.

Why is VCI Global implementing a reverse stock split of its ordinary shares?

VCI Global states the reverse stock split is being implemented to maintain compliance with Nasdaq’s minimum bid price requirement. The company also notes it is intended to strategically position VCIG for a potential landmark institutional transaction, though no terms or timing are disclosed.

When will VCI Global trade on a post-split basis and what is the new CUSIP?

VCI Global’s ordinary shares will begin trading on a post-split basis on Nasdaq at the opening of trading on February 27, 2026. The trading symbol remains “VCIG,” and the new CUSIP number for the post-split shares will be G98218400.

Do VCI Global shareholders need to take any action for the reverse stock split?

Shareholders do not need to take any action for the reverse stock split. Vstock Transfer, LLC, the transfer agent, will adjust positions. Broker-held accounts will update automatically, and holders of physical certificates will receive instructions to exchange them for book-entry, split-adjusted shares.

How will VCI Global handle fractional shares created by the 1-for-60 reverse split?

VCI Global will not issue fractional shares in the reverse split. Instead, any fractional amounts will be rounded up to the next nearest whole share at the participant level, slightly adjusting individual holdings while preserving overall proportional ownership for most investors.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 02/25/2026 - 11:01 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 001-41678

VCI Global Limited

(Translation of registrant’s name into English)

Suite 33.03 of Level 33, Menara Exchange 106, Lingkaran TRX, Tun Razak Exchange,

55188 Kuala Lumpur, Malaysia

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒        Form 40-F ☐

On February 25, 2026, VCI Global Limited (“VCIG” or the “Company”) announced that its board of directors had approved a reverse stock split of its ordinary shares, no par value per share (the “Ordinary Shares”), at a ratio of 1-for-60, effective at 12:01 a.m. Eastern Time on February 27, 2026. The Company’s Ordinary Shares will begin trading on a post-split basis under its existing trading symbol “VCIG” with the new CUSIP number G98218400 (the “Reverse Stock Split”) on The Nasdaq Capital Market (“Nasdaq”) at the opening of trading on February 27, 2026.

The Reverse Stock Split is being implemented to maintain compliance with Nasdaq’s minimum bid price requirement and to strategically position VCIG for a potential landmark institutional transaction.

The Reverse Stock Split will reduce the number of Ordinary Shares issued and outstanding from approximately 65,298,054 to approximately 1,088,301. No fractional shares will be issued in connection with the Reverse Stock Split. Any amount of fractional shares will be rounded up to the next nearest number at the participant level. No action is required from shareholders.

Vstock Transfer, LLC (“Vstock”), the Company’s transfer agent, will act as the exchange agent for the Reverse Stock Split. Vstock will provide instructions to any shareholder with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares in “book-entry form”. Ordinary Shares held by shareholders through a broker will have their accounts automatically credited by their brokerage firm, bank, or other nominee, as will any shareholder who held their shares in book-entry form at Vstock.

Forward-Looking Statements

This Current Report on Form 6-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition and other forward-looking information. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024 and subsequent filings filed with the Securities Exchange Commission (“SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. These forward-looking statements cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 25, 2026	VCI Global Limited
	By:	/s/ Victor Hoo
	Name:	Victor Hoo
	Title:	Chairman and Chief Executive Officer

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