VCI Global Limited “VCIG” Closes Its First Day of Trading on The Nasdaq Capital Market
VCI Global Limited (NASDAQ: VCIG) announced its ordinary shares began trading on The Nasdaq Capital Market on April 13, 2023, closing at $4.25. The Company priced its public offering of 1,280,000 shares at $4.00 each, generating gross proceeds of $5,120,000 before expenses. Boustead Securities, LLC and Sutter Securities, Inc. served as underwriters for the offering. The registration statement was declared effective on March 30, 2023, and the offering was conducted through a prospectus. VCI Global provides consulting services across various sectors, mainly operating in Malaysia, with some clients in China, Singapore, and the US.
- Shares began trading above the offering price at $4.25.
- Successfully raised $5,120,000 in gross proceeds from the public offering.
- None.
KUALA LUMPUR, Malaysia, April 13, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a multi-disciplinary consulting group with key advisory practices in the areas of business and technology, announced that its ordinary shares have commenced trading on The Nasdaq Capital Market today under the ticker symbol "VCIG." The shares closed their first day of trading above the offering price at
On April 13, 2023, the Company priced its firm commitment underwritten public offering (the "Offering") of 1,280,000 shares of ordinary shares at a public offering price of
Boustead Securities, LLC and Sutter Securities, Inc. acted as the underwriters for the firm commitment Offering.
A registration statement on Form F-1, as amended (File No. 333-268109), filed by the Company with the Securities and Exchange Commission (the "SEC"), was declared effective on March 30, 2023. The Offering has been made only by means of a prospectus. A copy of the final prospectus related to the Offering may be obtained, when available, from Boustead Securities, LLC, via email: offerings@boustead1828.com, or by calling +1 (949) 502-4408, or by standard mail at Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About VCI Global Limited
VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.
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. 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. 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:
Issued by Imej Jiwa Communications Sdn Bhd and ICR Inc. on behalf of VCI Global Limited
For media queries, please contact:
Imej Jiwa Communications Sdn Bhd
Chris Chuah
Email: chris@imejjiwa.com
ICR Inc.
Investor Relations
Michael Bowen
Vciglobal.ir@icrinc.com
Public Relations
Brad Burgess
Vciglobal.pr@icrinc.com
Boustead Securities, LLC
Underwriter
Dan McClory, Head of Equity Capital Markets
dan@boustead1828.com
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