VCI Global Limited (VCIG) has released an update.
VCI Global Limited has entered into a Securities Purchase Agreement to sell securities to identified purchasers, with transactions governed by various terms and definitions outlined in the agreement. The deal is contingent on the satisfaction of pre-set conditions, including the execution of the agreement and a registration statement, with settlement to occur upon receipt of funds and filing of the Prospectus Supplement. The agreement also includes provisions to prevent any single purchaser from owning more than 9.99% of the outstanding Ordinary Shares post-transaction.
For further insights into VCIG stock, check out TipRanks’ Stock Analysis page.
