VCI Global Limited (VCIG) has released an update.
VCI Global Limited, traded under the symbol ‘VCIG’, has received a notice from Nasdaq for not meeting the minimum bid price rule, as its shares closed below $1.00 for 30 consecutive days. The company has until December 30, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. VCIG’s business operations remain unaffected, and the company is considering measures, including a potential reverse share split, to address the issue.
For further insights into VCIG stock, check out TipRanks’ Stock Analysis page.
