VCI Global (Nasdaq: VCIG) reworks Alumni deal after reverse splits

Rhea-AI Filing Summary

VCI Global Ltd (VCIG) filed a prospectus supplement adjusting its previously registered equity line transaction with Alumni Capital LP. The supplement now reflects a total of up to 19,203 ordinary shares, consisting of Purchase Shares issued under a Purchase Agreement and Warrant Shares issuable under a three-year Commitment Warrant.

The amendment decreases the maximum Purchase Shares to 2,485 ordinary shares and the maximum Warrant Shares to 16,718 ordinary shares, with share counts adjusted for a 1-for-60 reverse stock split on February 27, 2026 and a 1-for-15 reverse stock split on August 24, 2026. VCI Global states it has already issued and sold all Offered Shares and received $26,980,364.28 in proceeds under the Purchase Agreement. Alumni Capital is treated as an underwriter under the Securities Act. VCIG’s ordinary shares trade on the Nasdaq Capital Market under the symbol VCIG, with a last reported price of $0.2129 per share on August 21, 2026.

Key Figures

Total Offered Shares: 19,203 ordinary shares Maximum Purchase Shares: 2,485 ordinary shares Maximum Warrant Shares: 16,718 ordinary shares +4 more

7 metrics

Total Offered Shares 19,203 ordinary shares Up to 19,203 ordinary shares covered by the amended Alumni Capital arrangement

Maximum Purchase Shares 2,485 ordinary shares Decreased maximum amount of Purchase Shares that may be sold to Alumni Capital

Maximum Warrant Shares 16,718 ordinary shares Decreased maximum amount of Warrant Shares issuable under the Commitment Warrant

Proceeds from Offered Shares $26,980,364.28 Proceeds received by VCI Global from issuance of Offered Shares under the Purchase Agreement

Nasdaq last reported sale price $0.2129 per share VCIG ordinary shares on Nasdaq Capital Market on August 21, 2026

Reverse stock split ratio 1-for-60 Reverse stock split of ordinary shares effective February 27, 2026

Reverse stock split ratio 1-for-15 Reverse stock split of ordinary shares effective August 24, 2026

Key Terms

Commitment Warrant, reverse stock split, underwriter, emerging growth company, +1 more

5 terms

Commitment Warrant financial

"a three-year ordinary share purchase warrant issued on August 1, 2024 (the “Commitment Warrant”)"

reverse stock split financial

"gives effect to the 1-for-60 reverse stock split of the Company's Ordinary Shares"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

underwriter financial

"Alumni Capital is an underwriter within the meaning of Section 2(a)(11)"

An underwriter is a financial firm that evaluates, guarantees and helps sell a new security offering—such as a stock or bond—by buying the issue from the issuer and reselling it to investors or organizing the sale. Think of them as a bridge or safety net: they take on the risk, set the price, handle marketing and paperwork, and their work determines how much money a company can raise and how smoothly the offering reaches the market.

emerging growth company regulatory

"We are an “emerging growth company,” as that term is defined under the federal securities laws"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Nasdaq Capital Market market

"Our ordinary shares are listed on the Nasdaq Capital Market under the symbols “VCIG.”"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

Offering Details

shelf

Offering

Offering Type shelf

Use of Proceeds VCI Global Ltd received $26,980,364.28 of proceeds from the issuance of the Offered Shares pursuant to the Purchase Agreement.

FAQ

What is VCI Global Ltd (VCIG) updating in this 424B5 prospectus supplement?

VCI Global Ltd is updating its equity line documentation with Alumni Capital LP to decrease the maximum Purchase Shares to 2,485 and decrease the maximum Warrant Shares to 16,718, for a total of up to 19,203 ordinary shares after giving effect to reverse stock splits.

How many VCIG shares are covered by the amended Alumni Capital arrangement?

The amended arrangement covers up to 19,203 ordinary shares of VCIG, including 2,485 Purchase Shares under the Purchase Agreement and 16,718 Warrant Shares issuable upon exercise of the three-year Commitment Warrant, all share numbers adjusted for two reverse stock splits.

How much has VCI Global Ltd (VCIG) received from the Alumni Capital transaction?

VCI Global Ltd reports that it has received $26,980,364.28 of proceeds from the issuance of the Offered Shares to Alumni Capital under the Purchase Agreement. The company also states that all Offered Shares covered by this prospectus supplement have already been sold and issued.

Have all the VCIG Offered Shares in this supplement already been issued?

Yes. VCI Global states that all the Offered Shares covered by this prospectus supplement have been previously sold and issued as of the date of the supplement, with the document mainly updating share counts and terms following reverse stock splits.

What is the recent Nasdaq trading price for VCIG ordinary shares?

On August 21, 2026, the last reported sale price of VCI Global Ltd’s ordinary shares on the Nasdaq Capital Market was $0.2129 per share, trading under the symbol VCIG. This price provides market context for the equity line and warrant-related shares.

What reverse stock splits has VCI Global Ltd (VCIG) effected that impact this filing?

The share numbers in this prospectus supplement reflect a 1-for-60 reverse stock split of VCIG’s ordinary shares effective on February 27, 2026 and a 1-for-15 reverse stock split effective on August 24, 2026, which together change the share counts for the Offered Shares.

What is Alumni Capital’s role in relation to VCI Global Ltd (VCIG) in this transaction?

Alumni Capital LP is identified as an underwriter within the meaning of Section 2(a)(11) of the Securities Act in connection with the Purchase Shares and Warrant Shares. The registration does not guarantee Alumni Capital will purchase or VCIG will issue all registered shares.

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Available on EDGAR 08/25/2026 - 06:01 AM Accepted by SEC EDGAR 08/24/2026 - 05:43 PM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(5)

Registration Statement No. 333-279521

Prospectus Supplement

(To Prospectus dated May 28, 2024)

 

Up to 19,203

Ordinary Shares

This prospectus supplement (the “Prospectus Supplement”) amends and supplements the prospectus supplement dated August 13, 2025 (the “ELOC Prospectus Supplement”) relating to (i) the issuance and sale of ordinary shares, no par value per share of VCI Global Ltd (“we”, “us”, “our” or the “Company”) (the “Purchase Shares”), to Alumni Capital LP (“Alumni Capital”) upon the satisfaction of certain conditions set forth in the Purchase Agreement (the “Purchase Agreement”) dated August 1, 2024, between us and Alumni Capital and amended by a Modification Agreement dated as of September 27, 2024, the Amended Modification Agreement dated as of January 13, 2025, and the Amended Modification Agreement dated May 21, 2025, at a purchase price per share calculated under the Purchase Agreement and (ii) a three-year ordinary share purchase warrant issued on August 1, 2024 (the “Commitment Warrant”) to purchase ordinary shares (the “Warrant Shares” and together with the Purchase Shares, the “Offered Shares”) pursuant to the Commitment Warrant at an exercise price determined by a formula that is described under “Alumni Capital Transaction.”

We are filing this Prospectus Supplement to amend the ELOC Prospectus Supplement to decrease (i) the maximum amount of our Purchase Shares that may be sold to Alumni Capital under the ELOC Prospectus Supplement and Purchase Agreement to 2,485 ordinary shares and (ii) the maximum amount of Warrant Shares that may be issued and sold to Alumni Capital under the ELOC Prospectus Supplement and Commitment Warrant to 16,718 ordinary shares. The Company received $26,980,364.28 of proceeds from the issuance of the Offered Shares pursuant to the Purchase Agreement. All the Offered Shares covered by this Prospectus Supplement have been previously sold and issued as of the date of this Prospectus Supplement.

The number of Offered Shares referenced in this Prospectus Supplement gives effect to (i) the 1-for-60 reverse stock split of the Company's Ordinary Shares effected on February 27, 2026 and (ii) the 1-for-15 reverse stock split of the Company's Ordinary Shares effected on August 24, 2026.

Alumni Capital is an underwriter within the meaning of Section 2(a)(11) of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The registration of the Offered Shares hereunder does not mean that Alumni Capital will actually purchase or that the Company will actually issue and sell all or any of the Offered Shares being registered pursuant to the registration statement related to this prospectus supplement.

You should read this prospectus supplement, the base prospectus, and any additional prospectus supplement or amendment carefully before you invest in our securities.

Our ordinary shares are listed on the Nasdaq Capital Market (“Nasdaq”) under the symbols “VCIG.” On August 21, 2026, the last reported sale price of our ordinary shares on Nasdaq was $0.2129 per share.

Investing in our securities involves a high degree of risk. See “Risk Factors” section beginning on page S-8 of the ELOC Prospectus Supplement.

We are an “emerging growth company,” as that term is defined under the federal securities laws and, as such, we have elected to comply with certain reduced public company reporting requirements and may elect to do so in future filings.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is August 24, 2026.