VCI Global Limited (VCIG) has released an update.
VCI Global Limited has announced the issuance of a Senior Convertible Note due March 2, 2025, with an original principal amount of $1,000,000 and a purchase price of $820,000. The note is convertible and may be pledged in certain financial transactions, with the stipulation that the company enters into a Redeemable Convertible Note Program with the holder within one month of the issue date or compensates with company stock. The terms of the note include various provisions related to conversion, default, and corporate events that may affect its value.
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