VCI Global Revises Equity Agreement with 102% Premium Pricing, Enhancing Strategic Flexibility
KUALA LUMPUR, Malaysia, May 22, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global'), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced a significant amendment to its equity line agreement with Alumni Capital LP ('Alumni Capital'). The revised terms underscore VCI Global's disciplined capital strategy and reinforce its commitment to long-term shareholder value.
Under the revised terms, any future equity issuance to Alumni Capital will be priced at 102% of the lowest trading price over the preceding five trading days, a notable improvement from the previous pricing of 85% of the same reference period. This shift reflects increased institutional confidence in VCI Global's growth trajectory and introduces a more shareholder-aligned capital structure.
With these improved terms, the capital agreement now serves as a powerful financial lever, a liquidity reserve that enables the Company to capitalize on strategic acquisitions, accelerate platform initiatives, or respond swiftly to market dynamics. Importantly, the Company retains full discretion over drawdowns, ensuring capital is deployed only when conditions are optimal. VCI Global remains focused on disciplined, high-impact growth and long-term value creation.
Key Terms of the Amended Facility
Premium-Based Pricing: Future equity tranches will be priced at 102% of the lowest five-day trading price, replacing the previous 85% pricing model. This reduces dilution and strengthens shareholder alignment.
Strategic Control: VCI Global retains the right, but not the obligation, to access the approximately US$112 million facility, enabling capital to be utilized only when strategically beneficial.
Supports Scalable Growth: The revised terms complement VCI Global's aggressive expansion into AI infrastructure, cybersecurity, and capital markets advisory, while preserving financial flexibility.
'This revised pricing framework demonstrates a strong investor conviction in our long-term trajectory. It ensures that we retain the flexibility to act decisively while significantly minimizing dilution for existing shareholders. With these terms in place, we are better positioned to accelerate execution, protect value, and unlock scalable impact across our verticals,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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