VCI Global to raise $5M at $1.80 per share

* VCI Global (VCIG [https://seekingalpha.com/symbol/VCIG]) entered into a definitive agreement [https://seekingalpha.com/pr/20287844-vci-global-announces-5-million-registered-direct-offering-priced-at-the-market-under-nasdaq] with a single fundamental institutional investor for the issuance and sale of an aggregate of ~2.78M of its ordinary shares at an offering price of $1.80 per ordinary share, in a registered direct offering.
* The closing of the offering is expected to occur on or about October 31, 2025.
* The aggregate gross proceeds to the company from the offering are expected to be approximately $5M.
* The company intends to use the net proceeds from this offering for working capital and general corporate purposes.
* The VCIG stock price dropped 4.3% on Friday during pre-market hours of trading.

MORE ON VCI GLOBAL

* VCI Global Limited (VCIG) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4828062-vci-global-limited-vcig-q2-2025-earnings-call-transcript]
* VCI Global inks $2 billion partnership secured by sovereign-grade encrypted infrastructure [https://seekingalpha.com/news/4486929-vci-global-inks-2-billion-partnership-secured-by-sovereign-grade-encrypted-infrastructure]
* Seeking Alpha’s Quant Rating on VCI Global [https://seekingalpha.com/symbol/VCIG/ratings/quant-ratings]
* Financial information for VCI Global [https://seekingalpha.com/symbol/VCIG/income-statement]