VCI Global secures $51M financing, allocates $20M to Bitcoin; shares down 12%

* VCI Global (NASDAQ:VCIG [https://seekingalpha.com/symbol/VCIG]) announced a convertible note financing facility of up to $51M.
* The note features a floor conversion price of $1.20/share, aimed at minimizing shareholder dilution.
* $20M will be allocated to Bitcoin as part of a new digital treasury reserve strategy.
* Funds will support the rollout of Sovereign AI Infrastructure across Southeast Asia, featuring quantum-resistant encryption and zero-trust network architecture.
* Additional proceeds will support expansion in cybersecurity, AI, and fintech across enterprise and sovereign markets.
* VCIG shares down 11.9% premarket on Thursday.
* Source: Press release [https://seekingalpha.com/pr/20200856-vci-global-secures-us-51-million-convertible-note-financing-to-expand-sovereign-ai]

MORE ON VCI GLOBAL

* VCI Global projects FY25 revenue of $39.23 million [https://seekingalpha.com/news/4455204-vci-global-projects-fy25-revenue-of-3923-million]
* Financial information for VCI Global [https://seekingalpha.com/symbol/VCIG/income-statement]