VCI Global Limited (NASDAQ: VCIG), a cross-sector platform builder focused on technology, digital infrastructure, and capital market solutions, announced the successful completion of the initial tranche of its registered direct offering, raising $5.0 million in gross proceeds, before placement agent fees and other offering expenses.
The offering consisted of the issuance and sale of the Company’s ordinary shares and warrants pursuant to a definitive agreement with Esousa Group Holdings LLC, a New York-based family office. The offering is structured in multiple tranches, with the initial closing occurring on or about March 6, 2026, subject to customary closing conditions.
Net proceeds from the offering will be used for working capital and general corporate purposes, providing additional financial flexibility to advance the Company’s strategic initiatives and platform expansion.
Lucosky Brookman LLP served as legal counsel to EF Hutton in connection with the registered direct offering. E.F. Hutton & Co. acted as the exclusive placement agent.
