tiprankstipranks
VCI Global Initiates Reverse Stock Split to Boost Share Price
Company Announcements

VCI Global Initiates Reverse Stock Split to Boost Share Price

VCI Global Limited (VCIG) has released an update.

Don't Miss our Black Friday Offers:

VCI Global Limited has announced a 1-for-49 reverse stock split effective November 5, 2024, aimed at boosting its market price per share to meet Nasdaq’s listing requirements. This move will reduce the company’s outstanding shares from approximately 202.2 million to 4 million, with fractional shares being rounded up. Vstock Transfer, LLC will manage the exchange process for shareholders.

For further insights into VCIG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyVCI Global Ltd trading halted, news pending
TheFlyVCI Global announces 1-for-49 reverse stock split
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App