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Forcendra Holding Ltd
Forcendra Holding Limited (formerly VS MEDIA Holdings Limited) has finalized its corporate restructuring and name change, with its Nasdaq ticker symbol set to change to 'FCDH' effective October 26, 2026. The company sold its underperforming subsidiary, VSM Holdings Limited, for US$1.00 to reduce operating costs and focus on its core business.…more
View filingShareVS MEDIA Holdings Ltd
VS MEDIA Holdings approved a corporate restructuring plan to dispose of loss-making businesses by selling its subsidiary VSM Holdings for $1.00, and changed its company name to 'Forcendra Holding Limited' during the extraordinary general meeting on October 9, 2026. The approved amendments also include granting the board authority for share consolidation or division and introducing a redemption right for Class B shares upon triggering events.…more
View filingShareVS MEDIA Holdings Ltd
On September 15, 2026, VS MEDIA Holdings converted $830,952.46 of outstanding debt into 1,811,848 Class A ordinary shares at a price of $0.41 per share. Additionally, the company issued 214,866 pre-funded warrants to prevent certain lenders from exceeding a 4.99% ownership threshold, while all accrued interest on the loans was forgiven.…more
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VS MEDIA Rebrands to Forcendra and Completes Corporate Restructuring
VS MEDIA has rebranded to Forcendra and completed a corporate restructuring that includes the divestiture of loss-making subsidiaries. While the company aims to reduce operating costs and streamline its structure, the actual impact on financial performance remains to be seen.…more