Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 18

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 18
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 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.

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The issuance of ordinary shares upon conversion of the Convertible Notes and exercise of the Alumni Warrants will dilute the ownership interest of our existing shareholders and may depress the market price of our ordinary shares.

The issuance our ordinary shares upon conversion
of the Notes or exercise of the Warrants will dilute the equity ownership of existing shareholders and could adversely affect the market
price of our ordinary shares. In addition, the perception that such issuances may occur could cause the market price of our ordinary shares
to decline. The resale of our ordinary shares by Alumni could cause the market price of our ordinary shares to drop significantly.

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 stockholders. 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.

The sale of our ordinary shares by Alumni could cause the market price of our ordinary shares to drop significantly.

This prospectus supplement relates to the possible
resale by Alumni of a significant number of ordinary shares. The resale of such shares in the public market, or the perception that such
sales may occur, could materially and adversely affect the market price of our ordinary shares. Alumni may sell all, some, or none of
their shares, and we do not know when or in what amount