Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 23

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 23
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 under the Purchase Agreement, of which $4,584,363.21 were covered by our prospectus supplement dated August 5, 2024
and related to our registration statement on Form F-3 (File No. 333-279521) and $10,338,289.56 of which were covered by our prospectus
dated October 11, 2024 and related to our registration statement on Form F-1 (File No. 333-282454). Alumni Capital has partially exercised
the Commitment Warrant for an aggregate Exercise Value of $550,000. The ordinary shares issued pursuant to such exercises were covered
by our prospectus dated October 11, 2024, and related to our registration statement on Form F-1 (File No. 333-282454). This prospectus
includes up to 55,263,586 Selling Shareholder Shares, which includes (i) up to 35,263,586 Purchase Shares to be sold to Alumni Capital
under the Purchase Agreement and (ii) up to 20,000,000 Warrant Shares to be sold to Alumni Capital under the Commitment Warrant.

“Exercise Value” means with respect
to any exercise of the Commitment Warrant, the number of ordinary shares received upon such exercise multiplied by the Exercise Price
applicable to such exercise.

“Exercise Price” means with respect
to any exercise of the Commitment Warrant, $10,000,000 divided by the number of outstanding ordinary shares on the date of such exercise.

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. With respect to exercises
of the Commitment Warrant of up to $5,000,000 or if at any time there is no effective registration statement registering, or no current
prospectus available for, the resale of the Warrant Shares by Alumni Capital, then the Commitment Warrant may also be exercised, in whole
or in part, at such time by means of a “cashless exercise” in which Alumni Capital shall be entitled to receive a number of
Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

| (A) = | the Market Price; |

| (B) = | the Exercise Price of this          
 Warrant, as adjusted hereunder; and |

| (X) = | the                                                                                                                                         
 number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this W