KUALA LUMPUR - April 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a multi-disciplinary consulting group with key advisory practices in the areas of business and technology, announced that its ordinary shares have commenced trading on The Nasdaq Capital Market today under the ticker symbol "VCIG." The shares closed their first day of trading above the offering price at $4.25.
On April 13, 2023, the Company priced its firm commitment underwritten public offering (the "Offering") of 1,280,000 shares of ordinary shares at a public offering price of $4.00 per share. The gross proceeds to the Company were $5,120,000 before deducting underwriting discounts, commissions and other Offering expenses.
Boustead Securities, LLC and Sutter Securities, Inc. acted as the underwriters for the firm commitment Offering.
A registration statement on Form F-1, as amended (File No. 333-268109), filed by the Company with the Securities and Exchange Commission (the "SEC"), was declared effective on March 30, 2023. The Offering has been made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained, when available, from Boustead Securities, LLC, via email: offerings@boustead1828.com, or by calling +1 (949) 502-4408, or by standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About VCI Global Limited
VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.
