Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 22

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 22
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 that our expectations expressed in these forward-looking statements are reasonable, our expectations
may later be found to be incorrect. Our actual results of operations or the results of other matters that we anticipate could be materially
different from our expectations. Important risks and factors that could cause our actual results to be materially different from our expectations
are generally set forth in “Risk Factors” and the other risk factors, disclosures and management’s discussions incorporated
into this prospectus supplement by reference. You should thoroughly read this prospectus supplement, the accompanying base prospectus
and the documents incorporated by reference herein with the understanding that our actual future results may be materially different from
and worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements.

The forward-looking statements made in and incorporated
by reference in this prospectus supplement relate only to events or information as of the date on which the statements are made. Except
as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated
events. You should read this prospectus supplement, the accompanying base prospectus and the documents and exhibits thereto incorporated
by reference herein completely and with the understanding that our actual future results may be materially different from what we expect.

<div align='center'>S-11

USE OF PROCEEDS</div>

We will not receive any proceeds from the sale of the Shares by Alumni. However, we will receive proceeds from the purchase by Alumni of the Convertible Notes and any payment by Alumni of the exercise price for the Alumni Warrants. Such proceeds will be used for general corporate purposes and working capital. We may also use a portion of such proceeds to acquire or invest in complementary businesses, technologies, products or other intellectual property, although we have no present commitments or agreements to do so. To the extent that Alumni converts any Convertible Note into Shares, the debt represented by such Convertible Note will be extinguished, in whole or in part.

The estimated net proceeds to the Company from
purchase of the Convertible Notes and the exercise of the Alumni Warrants (assuming a conversion price and an exercise price of $1.20)
is up to approximately $58,650,000, before deducting estimated offering expenses payable by us.

The amounts and timing of our use of any proceeds
we receive will depend on a number of factors, such as the timing