Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 11

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 11
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 Purchase Agreement and 3,774,039 ordinary shares
that may be issued and sold under the Purchase Warrant Agreement that are remaining under the F-1 registration statement.

On December 17, 2024, we filed a prospectus supplement,
dated as of December 17, 2024, under our registration statement on Form F-3 (File No. 333-279521) (the “Shelf Registration Statement”),
which covered the unused portion of the Commitment Amount of $20,077,348 and the exercise of up to $6,000,000 of our ordinary shares
underlying the Commitment Warrant.

On January 13, 2025, the Company entered into
an Amended Modification Agreement to the Purchase Agreement with Alumni Capital to, among other things, increase the Commitment Amount
to $135,000,000, increase the purchase price payable by Alumni Capital under the Purchase Agreement and lower the number of Warrant Shares
as a percentage that is required to be underling the Purchase Warrant.

On January 22, 2025, we filed a prospectus supplement, dated as of
January 22, 2025 to the prospectus supplement dated December 17, 2024, related to the Shelf Registration Statement that increased the
Commitment Amount from $26,077,348 to $120,077,348 and the exercise of our ordinary shares underlying the Commitment Warrant from $6,000,000
to $19,250,000.

On April 8, 2025, the Company entered into a Modification Agreement
with Alumni Capital to, among other things, revise the exercise price per Warrant Share to be calculated by dividing $10,000,000 by the
total number of shares of Ordinary Shares issued and outstanding as of the Exercise Date, subject to adjustment.

On May 13, 2025, we filed our Annual Report on
Form 20-F and on such date the market value of our public float was less than $75 million. As a result, we were no longer eligible to
have our securities registered on Form F-3 pursuant to Instruction I.B.1 of Form F-3 and will not register securities issued to Alumni
Capital pursuant to the Purchase Agreement under the Shelf Registration Statement until we meet the criteria set forth in Instruction
I.B.1. of Form F-3.

On May 21, 2025, the Company entered into a
Modification Agreement with Alumni Capital to,