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VS MEDIA Holdings Limited shareholders approved a corporate restructuring and VSM Holdings Limited’s sale for US$1.00. The company became Forcendra Holding Limited and expects Nasdaq trading under ticker “FCDH” beginning October 26, 2026.
VS MEDIA Holdings Limited shareholders approved selling VSM Holdings Limited to an unaffiliated third party for US$1.00 to dispose of loss-making businesses, and adopted constitutional changes renaming the company Forcendra Holding Limited and lowering the director-removal threshold from 75% to 50%.
VS MEDIA Holdings Limited converted US$830,952.46 of loans into 1,811,848 Class A Ordinary Shares and 214,866 pre-funded warrants under eight agreements dated September 15, 2026; accrued interest was forgiven and cancelled.
VS Media Holdings Limited reported revenue of $3,357,924 for the six months ended June 30, 2026, while net loss narrowed to $254,213 from $4,444,519. Operating activities used $768,053 of cash.
Forcendra Holding Limited proposes selling VSM for US$1.00 to dispose of loss-making businesses and adopting amended bylaws that authorize share division or combination, permit Class B share redemption, and lower director-removal voting to 50%.
Forcendra Holding Limited seeks October 9, 2026 shareholder approval to sell loss-making VSM businesses for US$1.00 and adopt amended articles that rename the company, authorize share combinations and Class B redemption, and lower director-removal threshold to 50%.
