VCI Global Limited (VCIG) has released an update.
VCI Global Limited, a British Virgin Islands corporation, has issued a Purchase Warrant Agreement effective August 1, 2024, allowing Alumni Capital LP to purchase ordinary shares before a three-year expiration date. The Warrant provides a mechanism for the purchase of shares, with the price determined by a pre-agreed valuation method and subject to certain terms and conditions. The company’s announcement indicates that these securities have not been registered under the Securities Act and are subject to specific exemptions and state laws.
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