VCI Global Announces US$5 Million Institutional Registered Direct Offering

VCI Global (NASDAQ: VCIG) entered a definitive agreement for a registered direct offering with Esousa Group Holdings LLC to issue ordinary shares and warrants, with an initial tranche expected to generate US$5.0 million gross proceeds before fees.

Rhea-AI Summary

VCI Global (NASDAQ: VCIG) entered a definitive agreement for a registered direct offering with Esousa Group Holdings LLC to issue ordinary shares and warrants, with an initial tranche expected to generate US$5.0 million gross proceeds before fees.

Initial closing is expected on or about March 6, 2026, subject to customary closing conditions; E.F. Hutton is the exclusive placement agent. Proceeds are intended for working capital and general corporate purposes.

Positive

• Registered direct offering sized at US$5.0 million gross proceeds
• Sole placement agent engagement with E.F. Hutton & Co.
• Proceeds earmarked for working capital and corporate flexibility

Negative

• Issuance may dilute existing shareholders depending on final share terms
• Net proceeds reduced by placement agent fees and offering expenses

Argus Mar 6 session

-24.66% close to close Open Argus

Details

News Market Reaction – VCIG

On Mar 6, the day this news came out, VCIG closed 24.66% below the previous close.

Data tracked by StockTitan Argus for the Mar 6 session.

Key Figures

Initial tranche gross proceeds: US$5 Million Form F-3 file number: File No. 333-279521 F-3 filing date: May 17, 2024 +1 more

Initial tranche gross proceeds

US$5 Million

Initial tranche of institutional registered direct offering

Form F-3 file number

File No. 333-279521

Shelf registration statement referenced for this offering

F-3 filing date

May 17, 2024

Original filing date with SEC for Form F-3

F-3 effective date

May 28, 2024

Date Form F-3 became effective with SEC

Previous Offering Reports

2 past events · Latest: Oct 31

Same Type 2 events

1. Oct 31

   Registered direct offering

   24h Move

   -25.3%

   Announced $5M registered direct equity offering priced at-the-market.

2. Sep 27

   ATM program termination

   24h Move

   -0.5%

   Ended ATM program after raising $1.77M of $4.96M capacity.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, shelf registration statement, form f-3, prospectus supplement, +2 more

6 terms

registered direct offering financial

"for the issuance and sale of the Company’s ordinary shares and warrants in a registered direct offering."

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

shelf registration statement regulatory

"pursuant to a shelf registration statement on Form F-3 (File No. 333-279521)"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form f-3 regulatory

"pursuant to a shelf registration statement on Form F-3 (File No. 333-279521)"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

prospectus supplement regulatory

"A final prospectus supplement and accompanying base prospectus relating to, and describing the terms"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

base prospectus regulatory

"only by means of a base prospectus and a final prospectus supplement that form part"

A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.

placement agent financial

"E.F. Hutton & Co. is acting as the exclusive placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

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KUALA LUMPUR, Malaysia, March 06, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced that it has entered into a definitive agreement with Esousa Group Holdings LLC, a New York-based family office, for the issuance and sale of the Company’s ordinary shares and warrants in a registered direct offering.

The offering is structured in multiple tranches, with the initial tranche expected to generate aggregate gross proceed of US$5 Million before deducting placement agent fees and other offering expenses. Pursuant to the terms of the agreement, the initial closing is expected to occur on or about March 6, 2026, subject to the satisfaction of customary closing conditions.

E.F. Hutton & Co. is acting as the exclusive placement agent for the offering. The Company intends to use the net proceeds to support working capital and general corporate purposes, providing additional financial flexibility to advance its strategic initiatives and platform expansion.

The securities described above are being offered and sold by the Company in a registered direct offering pursuant to a shelf registration statement on Form F-3 (File No. 333-279521) that was originally filed with the U.S. Securities and Exchange Commission (“SEC”) on May 17, 2024, and became effective on May 28, 2024. The offering of the securities is being made only by means of a base prospectus and a final prospectus supplement that form part of the effective registration statement.

A final prospectus supplement and accompanying base prospectus relating to, and describing the terms of, the registered direct offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying base prospectus, when available, may also be obtained by contacting E.F. Hutton & Co. at 745 Fifth Avenue, 34th Floor & PH, New York, NY 10151, by telephone at (212) 970-3700, or by email at info@efhutton.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, 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 Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.

The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.

VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.

The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.

VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.

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.

CONTACT INFORMATION:

For media queries, please contact:

VCI GLOBAL LIMITED
enquiries@v-capital.co 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is VCI Global (VCIG) offering in the March 6, 2026 registered direct offering?

VCI Global is offering ordinary shares and warrants in a registered direct offering. According to VCI Global, the initial tranche is expected to generate US$5.0 million in gross proceeds before fees, with E.F. Hutton as exclusive placement agent.

When is the initial closing for VCIG's registered direct offering expected to occur?

The initial closing is expected on or about March 6, 2026, subject to conditions. According to VCI Global, the closing is contingent on customary closing conditions and completion of required documentation and filings.

How will VCI Global (VCIG) use the net proceeds from the US$5 million offering?

VCI Global intends to use net proceeds for working capital and general corporate purposes. According to VCI Global, funds should provide additional financial flexibility to advance strategic initiatives and platform expansion.

Who is the placement agent for VCIG's registered direct offering and how can investors get the prospectus?

E.F. Hutton & Co. is the exclusive placement agent for the offering. According to VCI Global, the final prospectus supplement will be filed with the SEC and available via the SEC website and E.F. Hutton contact channels.

Does the VCIG offering require SEC registration and where is the registration filed?

Yes, the securities are offered under an effective Form F-3 shelf registration. According to VCI Global, the registration statement is File No. 333-279521, originally filed May 17, 2024, and became effective May 28, 2024.