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VCI Global Limited ( (VCIG) ) has provided an update.
On April 3, 2025, VCI Global Limited implemented a 1-for-20 reverse stock split, reducing its outstanding shares from approximately 54.5 million to 2.8 million. This move, approved by the board on March 22, 2025, aims to increase the market price per share to maintain compliance with Nasdaq’s minimum bid price requirements. The reverse split did not affect the total number of authorized shares and fractional shares were rounded up. The company’s shares began trading on a split-adjusted basis on the Nasdaq Capital Market under the new CUSIP number G98218301.
More about VCI Global Limited
VCI Global Limited is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. The company has a strong presence in Asia, Europe, and the United States, and is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
YTD Price Performance: -81.02%
Average Trading Volume: 2,612,321
Technical Sentiment Signal: Strong Buy
Current Market Cap: $15.46M
Find detailed analytics on VCIG stock on TipRanks’ Stock Analysis page.