VCI Global Announces Termination of Its At-the-Market Offering Program
VCI Global (NASDAQ: VCIG) has announced the termination of its At-The-Market (ATM) equity offering program with H.C. Wainwright & Co., as sales agent. The program, which aimed to offer shares totaling approximately US$4.96 million, was formally terminated on September 25, 2024. As of the termination date, the ATM program had generated total gross proceeds of approximately US$1.77 million.
The company views this termination as an opportunity to explore more favorable financing options that better align with its long-term growth objectives. VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia, operating through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity.
VCI Global (NASDAQ: VCIG) ha annunciato la cessazione del suo programma di offerta azionaria At-The-Market (ATM) con H.C. Wainwright & Co. come agente di vendita. Il programma, che mirava a offrire azioni per un totale di circa 4,96 milioni di dollari USA, è stato formalmente terminato il 25 settembre 2024. Alla data di cessazione, il programma ATM aveva generato proventi lordi totali di circa 1,77 milioni di dollari USA.
L'azienda considera questa cessazione come un'opportunità per esplorare opzioni di finanziamento più favorevoli che si allineano meglio con i suoi obiettivi di crescita a lungo termine. VCI Global è una società di holding diversificata con sede a Kuala Lumpur, in Malesia, che opera attraverso cinque settori principali: consulenza nel mercato dei capitali, fintech, immobiliare, intelligenza artificiale e robotica, e cybersecurity.
VCI Global (NASDAQ: VCIG) ha anunciado la finalización de su programa de oferta de acciones At-The-Market (ATM) con H.C. Wainwright & Co. como agente de ventas. El programa, que tenía como objetivo ofrecer acciones por un total aproximado de 4.96 millones de dólares estadounidenses, se terminó formalmente el 25 de septiembre de 2024. A la fecha de finalización, el programa ATM había generado ingresos brutos totales de aproximadamente 1.77 millones de dólares estadounidenses.
La compañía considera esta finalización como una oportunidad para explorar opciones de financiamiento más favorables que se alineen mejor con sus objetivos de crecimiento a largo plazo. VCI Global es una empresa de holdings diversificada con sede en Kuala Lumpur, Malasia, que opera a través de cinco negocios centrales: consultoría en mercados de capitales, fintech, bienes raíces, inteligencia artificial y robótica, y ciberseguridad.
VCI Global (NASDAQ: VCIG)는 H.C. Wainwright & Co.를 판매 대리인으로 하여 At-The-Market (ATM) 주식 제공 프로그램의 종료를 발표했습니다. 이 프로그램은 약 4.96백만 달러 미국에 달하는 주식을 제공하는 것을 목표로 하였으며, 공식적으로 2024년 9월 25일에 종료되었습니다. 종료일 기준으로 ATM 프로그램은 약 1.77백만 달러 미국의 총 총수익을 생성했습니다.
회사는 이 종료를 장기 성장 목표에 더 잘 부합하는 보다 유리한 자금 조달 옵션을 탐색할 기회로 간주합니다. VCI Global은 말레이시아 쿠알라룸푸르에 본사를 두고 있으며, 자본 시장 컨설팅, 핀테크, 부동산, 인공지능 및 로보틱스, 사이버 보안의 5대 핵심 비즈니스를 통해 운영되는 다각화된 지주 회사입니다.
VCI Global (NASDAQ: VCIG) a annoncé la cessation de son programme d'offre d'actions At-The-Market (ATM) avec H.C. Wainwright & Co. en tant qu'agent de vente. Le programme, qui visait à offrir des actions totalisant environ 4,96 millions de dollars américains, a été formellement terminé le 25 septembre 2024. À la date de cessation, le programme ATM avait généré des recettes brutes totales d'environ 1,77 million de dollars américains.
La société considère cette cessation comme une opportunité d'explorer des options de financement plus favorables qui s'alignent mieux avec ses objectifs de croissance à long terme. VCI Global est une société holding diversifiée dont le siège est à Kuala Lumpur, en Malaisie, et qui opère à travers cinq secteurs principaux : conseil en marchés de capitaux, fintech, immobilier, intelligence artificielle et robotique, et cybersécurité.
VCI Global (NASDAQ: VCIG) hat die Beendigung seines At-The-Market (ATM) Aktienangebotprogramms mit H.C. Wainwright & Co. als Verkaufsagent angekündigt. Das Programm, das darauf abzielte, Aktien im Gesamtwert von etwa 4,96 Millionen US-Dollar anzubieten, wurde offiziell am 25. September 2024 beendet. Zum Zeitpunkt der Beendigung hatte das ATM-Programm Gesamterlöse von etwa 1,77 Millionen US-Dollar erzielt.
Das Unternehmen sieht diese Beendigung als Gelegenheit, favorisierte Finanzierungsoptionen zu erkunden, die besser mit seinen langfristigen Wachstumszielen übereinstimmen. VCI Global ist ein diversifiziertes Holdingsunternehmen mit Hauptsitz in Kuala Lumpur, Malaysia, das in fünf Kernbereichen tätig ist: Kapitalmarktberatung, Fintech, Immobilien, KI & Robotik sowie Cybersicherheit.
- ATM program generated US$1.77 million in gross proceeds
- Company aims to explore more favorable financing options
- Diversified business model across five core sectors
- Termination of ATM program before reaching full offering amount
- Only US$1.77 million raised out of US$4.96 million target
Insights
The termination of VCI Global's ATM program is a significant development for the company's financial strategy. They raised only
The company's decision to explore "more favorable financing options" is intriguing. This could mean they're considering:
- Private placements
- Strategic partnerships
- Debt financing
For investors, this move signals that management believes they can secure better terms elsewhere, which could be positive. However, it also raises questions about the company's current valuation and growth prospects. With a market cap of just
KUALA LUMPUR, Malaysia, Sept. 27, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global,” “VCIG,” or the “Company”) today announced the termination of its At-The-Market equity offering program (“ATM program”) with H.C. Wainwright & Co., LLC as sales agent. The ATM program, which was initiated to offer shares totaling approximately US
As of the termination date, the ATM program has generated total gross proceeds of approximately US
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state, or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state, or jurisdiction.
About VCI Global Limited
VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.
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:
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FAQ
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