VCI Global Announces 1-for-20 Reverse Stock Split

Group 1 - VCI Global Limited has announced a 1-for-20 reverse stock split of its common stock, effective April 3, 2025, to increase the market price per share and regain compliance with Nasdaq listing requirements [1][2]. - The reverse stock split will reduce the number of shares outstanding from approximately 54.5 million to about 2.8 million, with no fractional shares issued [3]. - Vstock Transfer, LLC will act as the exchange agent for the reverse stock split, providing instructions for stockholders on exchanging their physical stock certificates for split-adjusted shares [4]. Group 2 - VCI Global is a diversified holding company focused on sectors such as AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, with a strong presence in Asia, Europe, and the United States [5].