Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 21

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 21
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 the number of shares of our
Ordinary Shares outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance
with the terms of the pre-funded warrants upon at least 61 days’ prior notice from the holder to us. As a result, you may not be
able to exercise your Pre-Funded Warrants for shares of our Ordinary Shares at a time when it would be financially beneficial for you
to do so. In such circumstance you could seek to sell your Pre-Funded Warrants to realize value, but you may be unable to do so in the
absence of an established trading market for the Pre-Funded Warrants.

<div align='center'>S-10</div>

The market price of the shares of our Ordinary Shares has been and is likely to continue to be volatile, and purchasers of our Ordinary Shares could incur substantial losses.

The market price of our Ordinary Shares has been
and is likely to continue to be volatile. Some of the factors that may cause the market price of our Ordinary Shares to fluctuate include:

| ● | failure to meet or exceed financial and development projections we may provide to the public; |

| ● | failure to meet or exceed the financial and development projections of the investment community; |

| ● | announcements of significant acquisitions, strategic collaborations, joint ventures or capital commitments by us or our competitors; |

| ● | additions or departures of key personnel; |

| ● | significant lawsuits, including patent or stockholder litigation; |

| ● | if securities or industry analysts do not publish research or reports about our business, or if they issue adverse or misleading opinions regarding our business and stock; |

| ● | changes in the market valuations of similar companies; |

| ● | sales of securities by us or our securityholders in the future; |

| ● | if we fail to raise an adequate amount of capital to fund our operations and continued development of our product candidates; |

| ● | trading volume of our Ordinary Shares; |

| ● | general economic, political, and market conditions and overall fluctuations in the financial markets in the United States and abroad, including as a result of bank failures, public health crises or geopolitical tensions, such as the Russia-Ukraine war and the armed conflict in Israel and the Gaza Strip; and |

| ● | period-to-period fluctuations in our financial results. |

If we were deemed to be an investment company under the Investment Company Act of 1940, applicable restrictions could make it impractical for us to continue our business as contemplated