STOCK TITAN

[6-K] VS MEDIA Holdings Ltd Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

VS MEDIA Holdings Limited reported that its board approved an Amended and Restated 2023 Equity Incentive Plan. The maximum aggregate number of Class A ordinary shares that may be issued under this plan was increased from 4,400,000 Class A ordinary shares to 9,850,000 Class A ordinary shares, an increase of 5,450,000 Class A ordinary shares, effective on December 11, 2025. All other provisions of the 2023 plan remain unchanged. The company also stated that, as a foreign private issuer, it has elected to rely on the British Virgin Islands home country rule exemption under Nasdaq Rules 5615(a)(3) and be exempt from Nasdaq Rules 5635, which generally require shareholder approval for certain issuances of securities.

Positive

  • None.

Negative

  • None.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2025

 

Commission File Number: 001-41817

 

VS MEDIA HOLDINGS LIMITED

(Translation of registrant’s name into English)

 

Ms. Nga Fan Wong, Chief Executive Officer

6/F, KOHO,

75 Hung To Road,

Kwun Tong, Hong Kong

Telephone: +852 2865 9992

(Address of principal executive office)

 

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

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

VS MEDIA Holdings Limited Adopted an Amended and Restated 2023 Equity Incentive Plan

 

VS MEDIA Holdings Limited (the “Company”) adopted an Amended and Restated 2023 Equity Incentive Plan (the “A&R 2023 Plan”), as approved and authorized by the board of directors of the Company on November 26, 2025.

 

Pursuant to section 3(a) of the A&R 2023 Plan, the maximum aggregate number of shares that may be issued under the 2023 Equity Incentive Plan was adjusted from 4,400,000 (adjusted for post share combination) Class A ordinary shares to 9,850,000 Class A ordinary shares, increased by 5,450,000 Class A ordinary shares, effective on December 11, 2025. The rest of provisions of the 2023 Plan will remain in full force and effect.

 

As a foreign private issuer, we are permitted, in lieu of certain requirements of the NASDAQ Stock Market Marketplace Rules (the “Nasdaq Rules”) and subject to certain exceptions, to follow the practices of our home country, which for the purpose of such rules is the British Virgin Islands, pursuant to the home country rule exemption set forth under Nasdaq Rules 5615(a)(3).

 

We elected to be exempt from the requirements under Nasdaq Rules 5635. Nasdaq Rules 5635 generally provides that shareholder approval is required prior to issuance (or potential issuance) of securities in relation to (i) the acquisition of the stock or assets of another company; (ii) equity-based compensation of officers, directors, employees or consultants; (iii) a change of control; and (iv) transactions other than public offerings whereby there is a 20% Issuance at a price that is less than the Minimum Price, as defined in Nasdaq Rules 5635(d). Our British Virgin Islands counsel, Maples and Calder (Hong Kong) LLP, has provided a letter to Nasdaq certifying that under British Virgin Islands law and our amended and restated memorandum and articles of association, we are not prohibited from issuing securities without first obtaining shareholder approval where such issuance of securities otherwise requires shareholder approval under Nasdaq Rules 5635.

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

   
99.1   Amended and Restated 2023 Equity Incentive Plan

 

 

 

 

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, thereunto duly authorized.

 

Date: November 26, 2025 VS MEDIA HOLDINGS LIMITED
     
  By: /s/ Nga Fan Wong
  Name: Nga Fan Wong
  Title: Chief Executive Officer

 

 

 

FAQ

What change did VS MEDIA Holdings Limited (VSME) make to its 2023 Equity Incentive Plan?

VS MEDIA Holdings Limited adopted an Amended and Restated 2023 Equity Incentive Plan, approved by its board of directors. The change increases the maximum aggregate number of Class A ordinary shares that may be issued under the plan.

How many VS MEDIA (VSME) shares can now be issued under the Amended and Restated 2023 Equity Incentive Plan?

The maximum aggregate number of shares issuable under the plan was increased from 4,400,000 Class A ordinary shares to 9,850,000 Class A ordinary shares, an increase of 5,450,000 Class A ordinary shares, effective on December 11, 2025.

Did VS MEDIA (VSME) change any other terms of the 2023 Equity Incentive Plan?

No. The company stated that the rest of the provisions of the 2023 Plan remain in full force and effect. Only the maximum aggregate number of shares issuable under the plan was adjusted.

What Nasdaq rule exemption is VS MEDIA (VSME) using as a foreign private issuer?

The company explained that, as a foreign private issuer, it may follow British Virgin Islands practices under the home country rule exemption in Nasdaq Rules 5615(a)(3), instead of certain Nasdaq corporate governance requirements.

How does VS MEDIA (VSME) treat Nasdaq Rule 5635 on shareholder approval for share issuances?

VS MEDIA stated that it has elected to be exempt from Nasdaq Rules 5635, which generally require shareholder approval for certain issuances of securities related to acquisitions, equity-based compensation, changes of control, and specified 20% issuances at less than the Minimum Price.

What legal opinion supports VS MEDIA’s (VSME) exemption from Nasdaq Rule 5635?

The company’s British Virgin Islands counsel, Maples and Calder (Hong Kong) LLP, provided a letter to Nasdaq certifying that under British Virgin Islands law and its amended and restated memorandum and articles of association, it is not prohibited from issuing securities without first obtaining shareholder approval where Nasdaq Rules 5635 would otherwise require it.

What exhibit is included with VS MEDIA’s Form 6-K regarding the equity plan?

The Form 6-K lists Exhibit 99.1, which is the Amended and Restated 2023 Equity Incentive Plan.

VS MEDIA Holdings

NASDAQ:VSME

VSME Rankings

VSME Latest News

VSME Latest SEC Filings

VSME Stock Data

4.69M
48.51M
2.04%
0.11%
1.17%
Advertising Agencies
Communication Services
Link
Hong Kong
Kwun Tong