VCI Global Limited announced a 1‑for‑60 reverse stock split on February 25 2026, with the split taking effect at 12:01 a.m. Eastern Time on February 27 2026. The consolidation will reduce the number of outstanding shares by a factor of sixty and proportionally increase the share price, a move designed to bring the company back into compliance with Nasdaq’s minimum bid‑price requirement.
The reverse split serves a dual purpose. First, it restores the share price above the Nasdaq threshold, protecting the company’s listing status. Second, it positions VCI Global for a potential landmark institutional transaction, as a higher per‑share price can make the company more attractive to large investors and facilitate future equity or debt offerings. The company’s broader strategy of transitioning to an AI‑native operating platform underpins this decision, as it seeks to strengthen its market positioning and attract institutional capital.
Shareholders will receive the same total value after the split, but the number of shares they hold will be reduced. Fractional shares resulting from the conversion will be rounded up to the nearest whole share, ensuring that all shareholders receive a whole number of shares. The company expects the split to be completed within the next few weeks, pending regulatory approval and shareholder consent. VCI Global previously executed a 1‑for‑30 reverse split effective September 16 2025, indicating a recurring need to address share‑price compliance issues.
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