VS Media converts US$830,952.46 loans into equity at US$0.41 per share
VSME•VS Media converted US$830,952.46 in unsecured loans into equity on Sept. 15, 2026, issuing 1,811,848 Class A shares at US$0.41 each and 214,866 pre-funded warrants.
1. Loan conversion details
VS Media converted US$830,952.46 of unsecured loans into equity on Sept. 15, 2026, at US$0.41 per Class A ordinary share. The company issued 1,811,848 Class A ordinary shares and 214,866 pre-funded warrants to manage a 4.99% beneficial ownership cap. The lenders forgave all accrued, unpaid interest at conversion; the loans originated Aug. 3, 2026, had a six-month term and carried a 10% annual interest rate before the interest was canceled.
