Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 31

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4
Chunk 31
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 “ Offering”) of 2,200,000 ordinary shares, no par value per share (“ Ordinary
Shares”) and accompanying Series A warrants to purchase up to an aggregate of 2,200,000 at an exercise price of $1.25 per Ordinary
Share (the “ Series A Warrants”) and Series B warrants to purchase up to an aggregate of 2,200,000 Ordinary Shares at an exercise
price of $1.25 per Ordinary Share (the “ Series B Warrants” and together with the Series A Warrants, the “ Warrants”)
at a combined public offering price of $1.25 per Ordinary Share and accompanying Series A Warrant to purchase one Ordinary Share and Series
B Warrant to purchase one Ordinary Share.

Senior Secured Convertible Note

On September 2, 2024, we entered the Purchase
Agreement with Advance Opportunities Fund I (“ AOF”) whereby AOF purchased from us a $1,000,000 Senior Convertible Note. On
September 24, 2024, AOF converted the AOF Note into 9,099,181 Ordinary Shares.

Offering with Alumni Capital LP

On August 1, 2024, we entered into a Purchase
Agreement and a three-year ordinary share purchase warrant (the “ Commitment Warrant”) with Alumni Capital LP (“ Alumni”).
Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $5 million
of our Ordinary Shares (the “ Commitment Amount”), no par value, at the Purchase Price (defined below) during the period beginning
on the execution date of the Purchase Agreement and ending on the earlier of (i) the date on which Alumni has purchased $5 million of
our common stock shares pursuant to the Purchase Agreement or (ii) June 30, 2025. On August 5, 2024, we filed a prospectus supplement,
dated as of August 5, 2024 under our registration statement on Form F-3 (File No. 333-279521), in respect of the financing with Alumni.
The Purchase Agreement was subsequently amended on September 27, 2024, to increase the Commitment Amount to $35,000,000. On October 1,
2024, we filed a registration statement on Form F-1 (File No. 333-282454), declared effective on October 11, 2024, in relation to the