VCI Global Limited Secures $4.29 Million Through Direct Offering

VCI Global Limited ( (VCIG) ) has issued an announcement.

VCI Global Limited announced its entry into securities purchase agreements with two investors, leading to the issuance and sale of 3,300,000 ordinary shares in a direct offering priced at $1.30 per share. This transaction is expected to close on February 18, 2025, generating gross proceeds of $4.29 million to support the company’s working capital and general corporate purposes, enhancing its financial flexibility and operational capacity.

More about VCI Global Limited

VCI Global Limited operates within the financial sector, focusing on the issuance and sale of securities. The company is engaged in activities related to securities offerings and has a market focus on capital raising through direct offerings without intermediaries.

YTD Price Performance: -43.90%

Average Trading Volume: 8,425,269

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $21.41M

For detailed information about VCIG stock, go to TipRanks’ Stock Analysis page.