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News  ›  Benzinga

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

Benzinga Logo Benzinga By Globe Newswire
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, expected to raise approximately $5 million for working capital and general corporate purposes.

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The company is raising capital through a standard registered direct offering, which suggests a strategic financial move to support business operations without indicating significant positive or negative implications