Financing ·
VS MEDIA Holdings converts $830,952 in debt to equity at $0.41 per share, issuing 1.8M shares and warrants
VSMEForcendra Holding Ltd
On September 15, 2026, VS MEDIA Holdings Limited converted an aggregate principal amount of US$830,952.46 in outstanding unsecured loan obligations into equity securities with eight individual lenders. The conversion occurred at a price of US$0.41 per Class A Ordinary Share, resulting in the issuance of 1,811,848 shares and 214,866 pre-funded warrants exercisable at US$0.001 per share to avoid exceeding 4.99% beneficial ownership limits for any single lender. All accrued and unpaid interest on the loans was forgiven and cancelled as part of the transaction. The company operates in the media and entertainment industry.