Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 24

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 24
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,375,000 Shares.

At the first closing for the Convertible Notes,
Alumni is purchasing the Tranche 1 Note and Tranche 1 Warrant for a combined purchase price of purchase price of $2,500,000. At a second
closing to occur on or before September 3, 2025, Alumni is obligated to purchase the Tranche 2 Note and Tranche 2 Warrant for a combined
purchase price $3,500,000. Until August 13, 2027, Alumni has the option to purchase up to $54,000,000 of Additional Notes and Alumni Warrants
to purchase up to 5,625,000 Shares for a combined purchase price of up to $45,000,000. The Tranche 1 Warrants, Tranche 2 Warrants and
the Additional Warrants, if any, are or will be exercisable at an exercise price per share equal to the greater of (i) $1.20 and (ii)
the quotient of (A) $30,000,000, divided by (B) the number of ordinary shares issued and outstanding as of the date of exercise, subject
to adjustment hereunder.

The purchase price for the Convertible Notes includes
an original issue discount of approximately 16.67%, and the Convertible Notes do not otherwise accrue any interest, other than default
interest and late charges that may become payable.

The conversion price for the Convertible Notes
is equal to the greater of (A) the Floor Price, as defined in the applicable Convertible Note, and (B) the lower of (I) the quotient of
(x) $50,000,000, divided by (y) the number of Shares outstanding immediately preceding the delivery of the applicable conversion notice
(treating for this purpose as outstanding all Shares issuable upon exercise of options outstanding immediately preceding the delivery
or deemed delivery of the applicable conversion notice or upon conversion or exchange of convertible securities (including the Convertible
Notes) outstanding (assuming exercise of any outstanding options therefor) immediately preceding the delivery or deemed delivery of the
applicable conversion notice), and (II) ninety percent (90%) of the lowest VWAP of the Ordinary Shares during the ten (10) consecutive
trading days immediately preceding the delivery or deemed delivery of the applicable conversion notice.

In connection with the initial closing, the Company
also entered into a Registration Rights Agreement with the Alumni, pursuant to which the Company agreed, upon written demand