Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 12

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 12
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 or deemed
delivery of the applicable conversion notice), and (II) ninety percent (90%) of the lowest volume weighted average price 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 Alumni, pursuant to which the Company agreed, upon written demand from Alumni,
to file and maintain an effective registration statement with respect to the resale of the Ordinary Shares issuable upon conversion of
the Convertible Notes and exercise of the Alumni Warrant.

On August 13, 2025, we filed a prospectus supplement,
dated as of August 13, 2025 under our registration statement on Form F-3 (File No. 333-279521) (the “Shelf Registration Statement),
in respect of the Ordinary Shares that would be underlying the maximum amount of Convertible Notes and Alumni Warrants if converted or
exercised, as applicable, at the applicable Floor Price.

Ordinary Share Issuances

From August 18, 2025
through September 12, 2025, the Company issued 209,986 Ordinary Shares (adjusted from a total 6,299,577 after the Reverse Stock Split)
to Alumni pursuant to the securities purchase agreement with Alumni discussed above.

From September 17, 2025 through October 27, 2025,
1,608,749 Ordinary Shares were issued to Alumni resulting from its conversions of Convertible Notes. Also from September 17,2025 through
October 30, 2025, 469,000 Ordinary Shares were issued to Alumni Capital LP pursuant to the securities purchase agreement the Company
entered into in August.

From October 3, 2025 until October 22, 2025, an aggregate of 428,000 Ordinary Shares were issued to various parties
pursuant to service agreements.

In addition, the Company’s chief executive officer was issued an aggregate of 65,451 Ordinary Shares
in September and October 2025.

Earlier Offering with Alumni

On August 1, 2024, we entered into a purchase
agreement and a three-year Ordinary Share purchase warrant (the “Commitment Warrant”) with Alumni. Pursuant to this purchase
agreement, the Company has the right, but not the obligation to cause Alumni to purchase up to $5 million of our Ordinary Shares (the
“Commitment Amount”) at the designated purchase