Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 19

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 19
---
isks Related to this Offering

Raising additional capital, including as a result of this offering, may cause dilution to our shareholders, restrict our operations or require us to relinquish rights to our product candidates.

Until such time, if ever, as we can generate substantial
revenue, we expect to finance our cash needs through a combination of equity offerings, debt financings and license and development agreements.
We do not currently have any committed external source of funds. To the extent that we raise additional capital through the sale of equity
securities, including from this offering, or convertible debt securities, your ownership interest will be diluted, and the terms of these
securities may include liquidation or other preferences that adversely affect your rights as a shareholder. Debt financing and preferred
equity financing, if available, may involve agreements that include covenants limiting or restricting our ability to take specific actions,
such as incurring additional debt, making capital expenditures or declaring dividends.

If we raise additional funds through collaborations,
strategic alliances or marketing, distribution or licensing arrangements with third parties, we may be required to relinquish valuable
rights to our research and development activities or product candidates on terms that may not be favorable to us. If we are unable to
raise additional funds through equity or debt financings or other arrangements with third parties when needed, we may be required to delay,
limit, reduce or terminate our product development or future commercialization efforts to third parties to develop and market product
candidates that we would otherwise prefer to develop and market ourselves.

<div align='center'>S-9</div>

We have broad discretion over the use of our cash and cash equivalents, including the net proceeds we receive in this offering, and despite our efforts may not use them in a manner that increases the value of your investment.

Our management has broad discretion to use our
cash and cash equivalents, including the net proceeds we receive in this offering, to fund our operations and could spend these funds
in ways that do not improve our results of operations or enhance the value of our Ordinary Shares. The failure by our management to apply
these funds effectively could result in financial losses that could have an adverse effect on our business, cause the price of our Ordinary
Shares to decline and delay the development of our product candidates. Pending their use to fund operations, we may invest our cash and
cash equivalents in a manner that does not produce income or that loses value. See “Use of Proceeds” for further information
on the anticipated use of proceeds from this offering