Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 32

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4
Chunk 32
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offering and resale of up to 476,363,636 of our ordinary shares by Alumni, which include up to (i) 276,363,636 ordinary shares that may
be issued and sold to the Alumni pursuant to the Purchase Agreement and (ii) 200,000,000 ordinary shares underlying the Purchase Warrant
Agreement (the “ Alumni Warrant”) issued to Alumni Capital as a commitment fee pursuant to the Purchase Agreement. On October
15, 2024, we filed the final prospectus, dated as of October 15, 2024, under our registration statement on Form F-1 (File No. 333-282454)
in respect of the financing with Alumni. The Reverse Split, effective on November 5, 2024, reduced the ordinary shares that could be issued
and sold to Alumni pursuant to (i) the Purchase Agreement from 276,363,636 to 5,640,074 and the Purchase Warrant Agreement from 200,000,000
to 4,081,633. We have previously issued and sold 5,640,074 ordinary shares pursuant to the Purchase Agreement and 307,594 ordinary shares
pursuant to the Purchase Warrant Agreement that were registered under the F-1 registration statement and currently there are 0 ordinary
shares that may be issued and sold under the Purchase Agreement and 3,774,039 ordinary shares that may be issued and sold under the Purchase
Warrant Agreement that are remaining under the F-1 registration statement.

On December 17, 2024, we filed a prospectus supplement,
dated as of December 17, 2024, under our registration statement on Form F-3 (File No. 333-279521), which covered the unused portion of
the Commitment Amount of $20,077,348 and the exercise of up to $6,000,000 of our ordinary shares underlying the Commitment Warrant.

On January 13, 2025, the Company entered into
an Amended Modification Agreement to the Purchase Agreement with Alumni Capital to, among other things, increase the Commitment Amount
to $135,000,000, increase the purchase price payable by Alumni Capital under the Purchase Agreement and lower the number of Warrant Shares
as a percentage that is required to be underling the Purchase Warrant.

On January 22, 2025, we filed a prospectus supplement,
dated as of January 22, 2025 to the