Company: VCIG
Filing Date: 2025-01-22
Form Type: 6-K
Source: 0001213900-25-005372
Chunk: 1

Company: VCI Global Ltd
Filing Date: 2025-01-22
Form: 6-K
Chunk 1
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 shares (the “Beneficial Ownership Limitation”).

In consideration for Alumni Capital’s execution
and performance under the Purchase Agreement, the Company issued to Alumni Capital a Share Purchase Warrant dated August 1, 2024 (the
“Commitment Warrant”), to purchase up to a number of our ordinary shares equal to (i) 20% of the Commitment Amount less the
aggregate Exercise Values of all previous partial exercises of the Commitment Warrant, divided by (ii) the Exercise Price on the date
of exercise.

On January 13, 2025, the Company entered into
an Amended Modification Agreement to the Purchase Agreement with Alumni Capital (the “Modification Agreement”) to increase
the Commitment Amount to $135,000,000. In addition, the Purchase Notice Limitation shall be amended to a number of shares equal to $1,000,000
or up to the Commitment Amount if mutually agreed upon by the Company and Alumni Capital. The Purchase Price definition shall be amended
to the lowest traded price for the ordinary shares for the five (5) consecutive business days immediately prior to the Closing Date with
respect to the Purchase Notice multiplied by 90%. The Purchase Notice Date shall be amended to the next business day if the conditions
are met after 8:00 a.m. New York time on a Business Day or at any time on a day which is not a business say, unless waived by Alumni Capital.
Pursuant to the Modification Agreement, the Beneficial Ownership Limitation shall be 4.99% of the number of ordinary shares outstanding
immediately prior to the issuance of Purchase Notice Securities issuable pursuant to a Purchase Notice, unless mutually waived by Company
and Investor up to 9.9%. The Warrant Shares underlying the Commitment Warrant shall be amended to equal 15% of the Commitment Amount.
Capitalized terms used but not defined in this Agreement will have the meaning(s) ascribed thereto in the Modification Agreement.

On January 22, 2025, we filed a prospectus supplement,
dated as of January 22, 2025 (the “Prospectus Supplement”) under its registration statement on Form F-3 (File No. 333-279521),
in respect of the financing with Alumni Capital LP (the “Offering”). In addition, the Company is filing, as exhibits hereto,
the Modification Agreement in respect of the Offering and an opinion of counsel of Carey Olsen (BVI) L. P