VCI Global Limited completed a $5 million registered direct equity offering at $1.80 per share, issuing 2,777,778 ordinary shares to a single institutional investor. The transaction, structured under Nasdaq rules, closed on October 31, 2025, following a definitive agreement signed on October 30.
The net proceeds will be used for working capital and general corporate purposes, with a focus on accelerating the company’s AI infrastructure, GPU cloud services, and cybersecurity solutions. Management highlighted that the capital will support the launch of the CyberSecure platform and the expansion of GPU Cloud services into new Southeast Asian markets.
The offering follows a 1‑for‑30 reverse split effective September 16, 2025, which restored the company’s share price above Nasdaq’s minimum bid requirement. A prior 1‑for‑20 reverse split on April 3, 2025, had also been executed to maintain compliance.
VCI Global reported 2024 revenue of $27.8 million and EBITDA of $8.3 million, representing a 37 % year‑over‑year increase. For the first half of 2025, revenue rose 37 % to $18.7 million. The company now projects 2025 revenue of $47.3 million, a 70 % increase from 2024, with gross profit of $37.8 million and EBITDA of $12 million.
Management noted that the capital raise is part of a broader strategy to accelerate product launches and market expansion across Southeast Asia, positioning VCI Global as a leading sovereign‑grade technology platform. The company also plans to invest in its subsidiary’s Ethereum‑based crypto‑fiat platform and the XVIQ token initiative.
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