Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 16

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 16
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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.

We are eligible to have our securities registered
on Form F-3 pursuant to Instruction I.B.1 of Form F-3 because the aggregate market value of our outstanding ordinary shares held by non-affiliates
was in excess of $75 million after May 13, 2025 (the “20-F Filing Date”), the date we filed our Annual Report on 20-F for
fiscal year end December 31, 2024. On May 8, 2025, the closing price of our ordinary shares was $5.99 per share, which was within 60 days
of the 20-F Filing Date and we had 12,855,572 issued and outstanding ordinary shares that were held by non-affiliates within 60 days of
the 20-F Filing Date.

On May 21, 2025, the Company entered into a Modification
Agreement with Alumni Capital to, among other things, (i) increase the Purchase Price from the lowest traded price of our ordinary shares
during the five consecutive business days prior the sale of our shares to the Selling Shareholder multiplied by 0.85 to the lowest traded
price of our ordinary shares during the five consecutive business days prior the sale of our shares to the Selling Shareholder multiplied
by 1.02 and (ii) provide the Selling Shareholder with the right to exercise the Commitment Warrant in an amount up to $5,000,000 on a
cashless basis.

<div align='center'>5</div>

Registered Direct Offerings.

On January 8, 2025, we entered into three securities
purchase agreements with certain accredited investors (the “”), pursuant to which the Company agreed
to issue and sell to the January 8 Purchasers an aggregate of 1,500,000 ordinary shares (the “”), no
par value per share, in a registered direct offering. The January 8 Shares were sold at a purchase price of $2.00 per Ordinary Share.
For a more detailed description of this offering, see our Report of Foreign Private Issuer on Form 6-K filed with the SEC on January 8,
2025.

On January 13,