Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 23

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 23
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 event we are required to register as a broker-dealer, our business model could be harmed.

We do not believe our
current business practices or operations require us to register as a broker-dealer under US federal and state laws. We restrict our activities
and services so as to not be deemed a broker-dealer under US state and federal regulations. However, if we were deemed by a relevant authority
to be acting as a broker-dealer, we could be subject to a variety of penalties, including fines and rescission offers and could be required
to register as a broker-dealer, which would increase our costs, especially our compliance costs. If in those circumstances we decided
not to register as a broker-dealer or act in association with a broker-dealer in our transactions, we may not be able to continue to operate
under our current business model which could have a material adverse effect on our business and financial prospects.

You may experience future dilution as a result of future equity offerings.

In order to raise additional capital, we may in
the future offer additional shares of our Ordinary Shares or other securities convertible into or exchangeable for our Ordinary Shares.
We may not be able to sell shares or other securities in any other offering at a price per share that is equal to or greater than the
price per share paid by investors in this offering, and investors purchasing shares or other securities in the future could have rights
superior to existing shareholders. The price per share at which we sell additional shares of our Ordinary Shares or other securities convertible
into or exchangeable for our Ordinary Shares in future transactions may be higher or lower than the price per share in this offering.

We may be or become a passive foreign investment company, which could result in adverse U.S. federal income tax consequences to U.S. Holders.

The rules governing passive
foreign investment companies (“PFICs”) can have adverse effects for U.S. federal income tax purposes. The tests for determining
PFIC status for a taxable year depend upon the relative values of certain categories of assets and the relative amounts of certain kinds
of income. The determination of whether we are a PFIC, which must be made annually after the close of each taxable year, depends on the
particular facts and circumstances (such as the valuation of our assets, including goodwill and other intangible assets) and may also
be affected by the application of the PFIC rules, which are subject to differing interpretations. The fair market value of our assets
is expected to relate, in part