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News  ›  GlobeNewswire Inc.

VCI Global Announces $5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Vci Global Limited
VCI Global Announces $5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

VCI Global Limited announced a registered direct offering of 2,777,778 ordinary shares at $1.80 per share, expecting to raise approximately $5 million for working capital and general corporate purposes.

Insights
BAM   neutral

Mentioned as a partner in the nuclear reactor project without detailed performance discussion


VCIG   neutral

The company is raising capital through a standard registered direct offering, which indicates a routine financial strategy to support ongoing operations without significant positive or negative implications