VCI Global Announces 1-for-18 Reverse Stock Split, Effective November 2, 2026

On October 13, 2026, VCI Global Limited ("VCIG" or the "Company") announced that its board of directors has approved a reverse stock split of its ordinary shares at a ratio of 1-for-18, effective at 12:01 a.m. Eastern Time on November 2, 2026, under the Company’s existing trading symbol "VCIG" with the new CUSIP number G98218137 (the "Reverse Stock Split").

 

The Reverse Stock Split is being implemented to be in 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 9,639,594 to approximately 535,533. 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". 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.