[6-K] VCI Global Limited Ordinary Share Current Report (Foreign Issuer)
VCI Global Limited entered a Securities Purchase Agreement with Alumni Capital on August 13, 2025 to issue convertible notes in multiple tranches with aggregate principal up to $61,200,000. The notes are issued with an approximately 16.67% original issue discount, producing maximum gross proceeds of $51,000,000. Alumni receives warrants equal to 15% of each tranche's purchase price.
At the initial closing the company issued a $3,000,000 Convertible Note and a warrant to acquire up to $375,000 of ordinary shares for a combined purchase price of $2,500,000. Alumni agreed to purchase a $4,200,000 note and warrant to acquire up to $525,000 of shares by September 3, 2025 for a combined purchase price of $3,500,000. Alumni may, until August 13, 2027, purchase up to $54,000,000 additional notes (combined purchase price up to $45,000,000).
The notes do not accrue regular interest other than default interest and late charges. Conversion and warrant exercise prices are formula-based: warrants exercisable at the greater of $1.20 and $30,000,000 divided by outstanding shares; conversion price is defined by a Floor Price and formulae tied to outstanding shares and a 10-day VWAP metric. The company granted registration rights and filed a prospectus supplement dated August 13, 2025.
VCI Global Limited ha stipulato un Securities Purchase Agreement con Alumni Capital il 13 agosto 2025 per emettere note convertibili in pi霉 tranche, con un ammontare nominale complessivo fino a $61,200,000. Le note sono emesse con un sconto originale all'emissione di circa il 16,67%, generando proventi lordi massimi di $51,000,000. Alumni riceve warrant pari al 15% del prezzo di acquisto di ciascuna tranche.
Alla chiusura iniziale la societ脿 ha emesso una Nota Convertibile da $3,000,000 e un warrant per acquisire fino a $375,000 di azioni ordinarie per un prezzo di acquisto complessivo di $2,500,000. Alumni ha poi concordato di acquistare una nota da $4,200,000 e un warrant per acquisire fino a $525,000 di azioni entro il 3 settembre 2025, per un prezzo complessivo di $3,500,000. Fino al 13 agosto 2027 Alumni pu貌 acquistare ulteriori note per un massimo di $54,000,000 (prezzo di acquisto combinato fino a $45,000,000).
Le note non maturano interessi ordinari, salvo interessi di mora e penali per ritardo. I prezzi di conversione e di esercizio dei warrant sono determinati da formule: i warrant sono esercitabili al maggiore tra $1.20 e $30,000,000 diviso per il numero di azioni in circolazione; il prezzo di conversione 猫 definito da un Prezzo Minimo e da formule collegate al numero di azioni in circolazione e al VWAP a 10 giorni. La societ脿 ha concesso diritti di registrazione e ha depositato un supplemento al prospetto in data 13 agosto 2025.
VCI Global Limited celebr贸 un Securities Purchase Agreement con Alumni Capital el 13 de agosto de 2025 para emitir pagar茅s convertibles en m煤ltiples tramos con un principal agregado de hasta $61,200,000. Las notas se emiten con un descuento por emisi贸n original de aproximadamente 16.67%, produciendo ingresos brutos m谩ximos de $51,000,000. Alumni recibe warrants equivalentes al 15% del precio de compra de cada tramo.
En el cierre inicial la compa帽铆a emiti贸 una Nota Convertible de $3,000,000 y un warrant para adquirir hasta $375,000 en acciones ordinarias por un precio combinado de $2,500,000. Alumni acord贸 comprar una nota de $4,200,000 y un warrant para adquirir hasta $525,000 en acciones antes del 3 de septiembre de 2025 por un precio combinado de $3,500,000. Hasta el 13 de agosto de 2027 Alumni puede adquirir notas adicionales por un m谩ximo de $54,000,000 (precio de compra combinado hasta $45,000,000).
Las notas no devengan intereses ordinarios, salvo intereses por incumplimiento y cargos por demora. Los precios de conversi贸n y de ejercicio de los warrants se basan en f贸rmulas: los warrants son ejercitables al mayor entre $1.20 y $30,000,000 dividido por las acciones en circulaci贸n; el precio de conversi贸n se define mediante un Precio M铆nimo y f贸rmulas vinculadas a las acciones en circulaci贸n y al VWAP de 10 d铆as. La compa帽铆a otorg贸 derechos de registro y present贸 un suplemento de prospecto con fecha 13 de agosto de 2025.
VCI Global Limited電� 2025雲� 8鞗� 13鞚� Alumni Capital瓿� 歃濌秾毵れ瀰瓿勳暯(Securities Purchase Agreement)鞚� 觳搓舶頃橃棳, 齑� 鞗愱笀 斓滊寑 $61,200,000旯岇 鞐煬 韸鸽灉旃橂 鞝勴櫂靷眲(Convertible Notes)毳� 氚滍枆頃橁赴搿� 頄堨姷雼堧嫟. 頃措嫻 毂勱秾鞚� 鞎� 16.67%鞚� 氚滍枆臧� 頃犾澑(Original Issue Discount)鞚� 鞝侅毄霅橃柎 斓滊寑 齑� 靾橃澋鞚� $51,000,000臧� 霅╇媹雼�. Alumni電� 臧� 韸鸽灉旃� 毵れ瀰雽�旮堨潣 15%鞐� 頃措嫻頃橂姅 鞗岆煱韸�(warrant)毳� 氚涭姷雼堧嫟.
齑堦赴 韥措歆曥棎靹� 須岇偓電� $3,000,000歆滊Μ 鞝勴櫂靷眲鞕� 斓滊寑 $375,000鞏挫箻 氤错喌欤茧ゼ 旆摑頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ 氚滍枆頄堨溂氅�, 鞚措摛鞚� 頃╈偘 毵れ瀰雽�旮堨潃 $2,500,000鞚挫棃鞀惦媹雼�. Alumni電� 2025雲� 9鞗� 3鞚缄箤歆� $4,200,000 雲疙姼鞕� 斓滊寑 $525,000鞏挫箻 欤检嫕鞚� 旆摑頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ $3,500,000鞚� 頃╈偘 毵れ瀰雽�旮堨溂搿� 鞚胳垬頃橁赴搿� 頃╈潣頄堨姷雼堧嫟. Alumni電� 2027雲� 8鞗� 13鞚缄箤歆� 於旉皜搿� 斓滊寑 $54,000,000鞚� 雲疙姼毳� 毵れ垬頃� 靾� 鞛堨溂氅�(頃╈偘 毵れ瀰雽�旮� 斓滊寑 $45,000,000).
鞚措摛 雲疙姼電� 鞐办泊 鞚挫瀽 氚� 歆�鞐� 牍勳毄鞚� 鞝滌櫢頃� 韱奠儊鞝侅澑 鞚挫瀽毳� 氚滌儩鞁滍偆歆� 鞎婌姷雼堧嫟. 鞝勴櫂臧�瓴� 氚� 鞗岆煱韸� 頄夓偓臧�瓴╈潃 靾橃嫕鞙茧 靷办爼霅╇媹雼�: 鞗岆煱韸� 頄夓偓臧�瓴╈潃 $1.20瓿� $30,000,000鞚� 氚滍枆欤检嫕靾橂 雮橂垐 臧� 欷� 韥� 旮堨暋鞚� 旮办鞙茧 頃橁碃, 鞝勴櫂臧�瓴╈潃 頂岆鞏� 頂勲澕鞚挫姢(Floor Price)鞕� 氚滍枆欤检嫕靾�, 10鞚� VWAP鞐� 鞐半彊霅� 靾橃嫕鞙茧 鞝曧暣歆戨媹雼�. 須岇偓電� 霌彪甓岇潉 攵�鞐枅鞙茧┌ 2025雲� 8鞗� 13鞚检瀽 歃濌秾靹る獏靹� 氤挫订鞛愲毳� 鞝滌稖頄堨姷雼堧嫟.
VCI Global Limited a conclu un Securities Purchase Agreement avec Alumni Capital le 13 ao没t 2025 pour 茅mettre des billets convertibles en plusieurs tranches, pour un principal agr茅g茅 allant jusqu'脿 $61,200,000. Les billets sont 茅mis avec une remise d'茅mission d'environ 16,67%, g茅n茅rant des produits bruts maximaux de $51,000,000. Alumni re莽oit des warrants 茅quivalant 脿 15% du prix d'achat de chaque tranche.
Lors du closing initial la soci茅t茅 a 茅mis un billet convertible de $3,000,000 et un warrant permettant d'acqu茅rir jusqu'脿 $375,000 d'actions ordinaires pour un prix d'achat combin茅 de $2,500,000. Alumni a accept茅 d'acheter un billet de $4,200,000 et un warrant pour acqu茅rir jusqu'脿 $525,000 d'actions d'ici le 3 septembre 2025, pour un prix combin茅 de $3,500,000. Jusqu'au 13 ao没t 2027, Alumni peut acheter des billets suppl茅mentaires pour un maximum de $54,000,000 (prix d'achat combin茅 jusqu'脿 $45,000,000).
Les billets ne portent pas d'int茅r锚ts ordinaires, sauf int茅r锚ts de d茅faut et p茅nalit茅s de retard. Les prix de conversion et d'exercice des warrants sont d茅termin茅s par des formules : les warrants sont exer莽ables au plus 茅lev茅 entre $1.20 et $30,000,000 divis茅 par le nombre d'actions en circulation ; le prix de conversion est d茅fini par un prix plancher (Floor Price) et des formules li茅es au nombre d'actions en circulation et au VWAP sur 10 jours. La soci茅t茅 a accord茅 des droits d'enregistrement et a d茅pos茅 un suppl茅ment de prospectus dat茅 du 13 ao没t 2025.
VCI Global Limited hat am 13. August 2025 ein Securities Purchase Agreement mit Alumni Capital geschlossen, wonach wandelbare Schuldverschreibungen in mehreren Tranchen mit einem Gesamtnennbetrag von bis zu $61,200,000 ausgegeben werden sollen. Die Papiere werden mit einem urspr眉nglichen Emissionsabschlag von ca. 16,67% begeben, wodurch maximale Bruttoerl枚se von $51,000,000 erzielt werden. Alumni erh盲lt Warrants in H枚he von 15% des Kaufpreises jeder Tranche.
Beim anf盲nglichen Closing gab das Unternehmen eine $3,000,000-Wandelanleihe und einen Warrant zum Erwerb von bis zu $375,000 Stammaktien aus 鈥� der kombinierte Kaufpreis betrug $2,500,000. Alumni stimmte zu, bis zum 3. September 2025 eine $4,200,000-Note und einen Warrant zum Erwerb von bis zu $525,000 Aktien f眉r einen kombinierten Kaufpreis von $3,500,000 zu erwerben. Bis zum 13. August 2027 kann Alumni zus盲tzlich bis zu $54,000,000 an Notes erwerben (kombinierter Kaufpreis bis zu $45,000,000).
Die Notes f眉hren keine regelm盲脽igen Zinsen, abgesehen von Verzugszinsen und S盲umnisgeb眉hren. Konversions- und Aus眉bungspreise sind formelbasiert: Warrants sind aus眉bbar zum h枚heren Wert von $1.20 und $30,000,000 geteilt durch die ausstehenden Aktien; der Umwandlungspreis wird durch einen Floor-Price und durch Formeln bestimmt, die mit den ausstehenden Aktien und dem 10-Tage-VWAP verkn眉pft sind. Das Unternehmen hat Registrierungsrechte einger盲umt und einen Prospekterg盲nzungsblatt vom 13. August 2025 eingereicht.
- Committed financing capacity: Agreement allows up to $61,200,000 principal (approximate $51,000,000 gross proceeds after ~16.67% OID).
- Initial funding and committed follow-on: Tranche 1 issued ($3,000,000 note for $2,500,000 purchase price) and a $4,200,000 tranche is committed by September 3, 2025.
- Registration rights filed: Company agreed to register shares issuable on conversion/exercise and filed a prospectus supplement dated August 13, 2025.
- Original issue discount: Notes issued with approximately 16.67% OID, reducing upfront proceeds relative to principal.
- Potential dilution: Alumni warrants equal to 15% of each tranche's purchase price and conversion formulas allow issuance of ordinary shares based on formulaic pricing.
Insights
TL;DR: VCIG secured a sizable multi鈥憈ranche convertible facility (~$61.2M principal) providing liquidity but at a significant original鈥慽ssue discount and with dilutive warrants.
The agreement delivers a committed funding vehicle with initial cash received at the first closing and a second tranche committed by September 3, 2025. The ~16.67% original issue discount materially reduces upfront proceeds versus principal and should be considered when evaluating net cash benefits. Attached warrants equal to 15% of each tranche raise potential dilution; warrant exercise pricing and the conversion price formulas reference company share counts and VWAP metrics, which can result in variable dilution depending on future share count and market prices. Registration rights and the filed prospectus supplement reduce resale friction for holders of conversion shares and warrants.
TL;DR: The deal includes broad warrant coverage, registration rights, and an extended exercise/commitment window to August 13, 2027, requiring ongoing disclosure and board oversight.
From a governance perspective, the Company has committed to registration rights and filed a prospectus supplement, which supports secondary market liquidity for converted/exercised securities. The financing structure 鈥� significant OID, formulaic conversion and exercise prices, and substantial warrant issuance 鈥� creates two principal governance issues: monitoring dilution impact for existing shareholders and managing potential anti鈥慸ilution/adjustment mechanics tied to future capital events. The two鈥憏ear extension allowing Alumni to purchase additional tranches through 2027 represents a long runway of potential equity issuance that management and the board will need to disclose and oversee in subsequent reports.
VCI Global Limited ha stipulato un Securities Purchase Agreement con Alumni Capital il 13 agosto 2025 per emettere note convertibili in pi霉 tranche, con un ammontare nominale complessivo fino a $61,200,000. Le note sono emesse con un sconto originale all'emissione di circa il 16,67%, generando proventi lordi massimi di $51,000,000. Alumni riceve warrant pari al 15% del prezzo di acquisto di ciascuna tranche.
Alla chiusura iniziale la societ脿 ha emesso una Nota Convertibile da $3,000,000 e un warrant per acquisire fino a $375,000 di azioni ordinarie per un prezzo di acquisto complessivo di $2,500,000. Alumni ha poi concordato di acquistare una nota da $4,200,000 e un warrant per acquisire fino a $525,000 di azioni entro il 3 settembre 2025, per un prezzo complessivo di $3,500,000. Fino al 13 agosto 2027 Alumni pu貌 acquistare ulteriori note per un massimo di $54,000,000 (prezzo di acquisto combinato fino a $45,000,000).
Le note non maturano interessi ordinari, salvo interessi di mora e penali per ritardo. I prezzi di conversione e di esercizio dei warrant sono determinati da formule: i warrant sono esercitabili al maggiore tra $1.20 e $30,000,000 diviso per il numero di azioni in circolazione; il prezzo di conversione 猫 definito da un Prezzo Minimo e da formule collegate al numero di azioni in circolazione e al VWAP a 10 giorni. La societ脿 ha concesso diritti di registrazione e ha depositato un supplemento al prospetto in data 13 agosto 2025.
VCI Global Limited celebr贸 un Securities Purchase Agreement con Alumni Capital el 13 de agosto de 2025 para emitir pagar茅s convertibles en m煤ltiples tramos con un principal agregado de hasta $61,200,000. Las notas se emiten con un descuento por emisi贸n original de aproximadamente 16.67%, produciendo ingresos brutos m谩ximos de $51,000,000. Alumni recibe warrants equivalentes al 15% del precio de compra de cada tramo.
En el cierre inicial la compa帽铆a emiti贸 una Nota Convertible de $3,000,000 y un warrant para adquirir hasta $375,000 en acciones ordinarias por un precio combinado de $2,500,000. Alumni acord贸 comprar una nota de $4,200,000 y un warrant para adquirir hasta $525,000 en acciones antes del 3 de septiembre de 2025 por un precio combinado de $3,500,000. Hasta el 13 de agosto de 2027 Alumni puede adquirir notas adicionales por un m谩ximo de $54,000,000 (precio de compra combinado hasta $45,000,000).
Las notas no devengan intereses ordinarios, salvo intereses por incumplimiento y cargos por demora. Los precios de conversi贸n y de ejercicio de los warrants se basan en f贸rmulas: los warrants son ejercitables al mayor entre $1.20 y $30,000,000 dividido por las acciones en circulaci贸n; el precio de conversi贸n se define mediante un Precio M铆nimo y f贸rmulas vinculadas a las acciones en circulaci贸n y al VWAP de 10 d铆as. La compa帽铆a otorg贸 derechos de registro y present贸 un suplemento de prospecto con fecha 13 de agosto de 2025.
VCI Global Limited電� 2025雲� 8鞗� 13鞚� Alumni Capital瓿� 歃濌秾毵れ瀰瓿勳暯(Securities Purchase Agreement)鞚� 觳搓舶頃橃棳, 齑� 鞗愱笀 斓滊寑 $61,200,000旯岇 鞐煬 韸鸽灉旃橂 鞝勴櫂靷眲(Convertible Notes)毳� 氚滍枆頃橁赴搿� 頄堨姷雼堧嫟. 頃措嫻 毂勱秾鞚� 鞎� 16.67%鞚� 氚滍枆臧� 頃犾澑(Original Issue Discount)鞚� 鞝侅毄霅橃柎 斓滊寑 齑� 靾橃澋鞚� $51,000,000臧� 霅╇媹雼�. Alumni電� 臧� 韸鸽灉旃� 毵れ瀰雽�旮堨潣 15%鞐� 頃措嫻頃橂姅 鞗岆煱韸�(warrant)毳� 氚涭姷雼堧嫟.
齑堦赴 韥措歆曥棎靹� 須岇偓電� $3,000,000歆滊Μ 鞝勴櫂靷眲鞕� 斓滊寑 $375,000鞏挫箻 氤错喌欤茧ゼ 旆摑頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ 氚滍枆頄堨溂氅�, 鞚措摛鞚� 頃╈偘 毵れ瀰雽�旮堨潃 $2,500,000鞚挫棃鞀惦媹雼�. Alumni電� 2025雲� 9鞗� 3鞚缄箤歆� $4,200,000 雲疙姼鞕� 斓滊寑 $525,000鞏挫箻 欤检嫕鞚� 旆摑頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ $3,500,000鞚� 頃╈偘 毵れ瀰雽�旮堨溂搿� 鞚胳垬頃橁赴搿� 頃╈潣頄堨姷雼堧嫟. Alumni電� 2027雲� 8鞗� 13鞚缄箤歆� 於旉皜搿� 斓滊寑 $54,000,000鞚� 雲疙姼毳� 毵れ垬頃� 靾� 鞛堨溂氅�(頃╈偘 毵れ瀰雽�旮� 斓滊寑 $45,000,000).
鞚措摛 雲疙姼電� 鞐办泊 鞚挫瀽 氚� 歆�鞐� 牍勳毄鞚� 鞝滌櫢頃� 韱奠儊鞝侅澑 鞚挫瀽毳� 氚滌儩鞁滍偆歆� 鞎婌姷雼堧嫟. 鞝勴櫂臧�瓴� 氚� 鞗岆煱韸� 頄夓偓臧�瓴╈潃 靾橃嫕鞙茧 靷办爼霅╇媹雼�: 鞗岆煱韸� 頄夓偓臧�瓴╈潃 $1.20瓿� $30,000,000鞚� 氚滍枆欤检嫕靾橂 雮橂垐 臧� 欷� 韥� 旮堨暋鞚� 旮办鞙茧 頃橁碃, 鞝勴櫂臧�瓴╈潃 頂岆鞏� 頂勲澕鞚挫姢(Floor Price)鞕� 氚滍枆欤检嫕靾�, 10鞚� VWAP鞐� 鞐半彊霅� 靾橃嫕鞙茧 鞝曧暣歆戨媹雼�. 須岇偓電� 霌彪甓岇潉 攵�鞐枅鞙茧┌ 2025雲� 8鞗� 13鞚检瀽 歃濌秾靹る獏靹� 氤挫订鞛愲毳� 鞝滌稖頄堨姷雼堧嫟.
VCI Global Limited a conclu un Securities Purchase Agreement avec Alumni Capital le 13 ao没t 2025 pour 茅mettre des billets convertibles en plusieurs tranches, pour un principal agr茅g茅 allant jusqu'脿 $61,200,000. Les billets sont 茅mis avec une remise d'茅mission d'environ 16,67%, g茅n茅rant des produits bruts maximaux de $51,000,000. Alumni re莽oit des warrants 茅quivalant 脿 15% du prix d'achat de chaque tranche.
Lors du closing initial la soci茅t茅 a 茅mis un billet convertible de $3,000,000 et un warrant permettant d'acqu茅rir jusqu'脿 $375,000 d'actions ordinaires pour un prix d'achat combin茅 de $2,500,000. Alumni a accept茅 d'acheter un billet de $4,200,000 et un warrant pour acqu茅rir jusqu'脿 $525,000 d'actions d'ici le 3 septembre 2025, pour un prix combin茅 de $3,500,000. Jusqu'au 13 ao没t 2027, Alumni peut acheter des billets suppl茅mentaires pour un maximum de $54,000,000 (prix d'achat combin茅 jusqu'脿 $45,000,000).
Les billets ne portent pas d'int茅r锚ts ordinaires, sauf int茅r锚ts de d茅faut et p茅nalit茅s de retard. Les prix de conversion et d'exercice des warrants sont d茅termin茅s par des formules : les warrants sont exer莽ables au plus 茅lev茅 entre $1.20 et $30,000,000 divis茅 par le nombre d'actions en circulation ; le prix de conversion est d茅fini par un prix plancher (Floor Price) et des formules li茅es au nombre d'actions en circulation et au VWAP sur 10 jours. La soci茅t茅 a accord茅 des droits d'enregistrement et a d茅pos茅 un suppl茅ment de prospectus dat茅 du 13 ao没t 2025.
VCI Global Limited hat am 13. August 2025 ein Securities Purchase Agreement mit Alumni Capital geschlossen, wonach wandelbare Schuldverschreibungen in mehreren Tranchen mit einem Gesamtnennbetrag von bis zu $61,200,000 ausgegeben werden sollen. Die Papiere werden mit einem urspr眉nglichen Emissionsabschlag von ca. 16,67% begeben, wodurch maximale Bruttoerl枚se von $51,000,000 erzielt werden. Alumni erh盲lt Warrants in H枚he von 15% des Kaufpreises jeder Tranche.
Beim anf盲nglichen Closing gab das Unternehmen eine $3,000,000-Wandelanleihe und einen Warrant zum Erwerb von bis zu $375,000 Stammaktien aus 鈥� der kombinierte Kaufpreis betrug $2,500,000. Alumni stimmte zu, bis zum 3. September 2025 eine $4,200,000-Note und einen Warrant zum Erwerb von bis zu $525,000 Aktien f眉r einen kombinierten Kaufpreis von $3,500,000 zu erwerben. Bis zum 13. August 2027 kann Alumni zus盲tzlich bis zu $54,000,000 an Notes erwerben (kombinierter Kaufpreis bis zu $45,000,000).
Die Notes f眉hren keine regelm盲脽igen Zinsen, abgesehen von Verzugszinsen und S盲umnisgeb眉hren. Konversions- und Aus眉bungspreise sind formelbasiert: Warrants sind aus眉bbar zum h枚heren Wert von $1.20 und $30,000,000 geteilt durch die ausstehenden Aktien; der Umwandlungspreis wird durch einen Floor-Price und durch Formeln bestimmt, die mit den ausstehenden Aktien und dem 10-Tage-VWAP verkn眉pft sind. Das Unternehmen hat Registrierungsrechte einger盲umt und einen Prospekterg盲nzungsblatt vom 13. August 2025 eingereicht.
FAQ
What financing did VCI Global (VCIG) announce on August 13, 2025?
How much cash was received in the initial tranche and what is the next commitment?
What are the key warrant and conversion price features?
Do the Convertible Notes accrue interest?
How long can Alumni purchase additional notes under the agreement?
Did the company file registration or disclosure documents related to the financing?
