Company: VCIG
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001213900-25-104595
Chunk: 11

Company: VCI Global Ltd
Filing Date: 2025-10-31
Form: 424B5
Chunk 11
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.67% original issue discount for a maximum amount
of gross proceeds of $51,000,000. For each tranche of Convertible Notes issued, Alumni will be issued warrants (the “Alumni Warrants”)
to purchase Ordinary Shares in an amount equal to 15% of the purchase price of such tranche of Convertible Notes.

A $3,000,000 Convertible Note and Alumni Warrant
to acquire up to $375,000 of the Ordinary Shares were issued on August 13, 2025 for a combined purchase price of $2,500,000. Also, Alumni
agreed to purchase a $4,200,000 Convertible Note and Alumni Warrant to purchase up to $525,000 of the Ordinary Shares by no later than
September 3, 2025, for a combined purchase price of $3,500,000. Until August 13, 2027, Alumni has the option to purchase up to $54,000,000
of additional Convertible Notes and Alumni Warrants to purchase up to $6,750,000 of the Ordinary Shares for a combined purchase price
of up to $45,000,000. Any issued Alumni Warrants, 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.

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.

<div align='center'>S-4</div>

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 Ordinary Shares outstanding immediately preceding the delivery of the applicable conversion
notice (treating for this purpose as outstanding all Ordinary 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