VCI Global (VCIG) Registration filing summary

Company overview and business model

• Multi-disciplinary consulting operation founded in 2013, serving Malaysian SMEs, government-linked agencies and public companies, with some clients in China, Singapore and the U.S.; practices span business and technology advisory.

• Technology services include cybersecurity, AI, fintech, digital transformation and enterprise software, alongside business strategy consulting.

• Technology-related businesses are being separated into V Gallant; following closing, the retained interest is ~34%, with results still consolidated and 66% shown as non-controlling interest.

Financial performance and metrics

• FY2025 consolidated financial statements were audited by SFAI Malaysia PLT; FY2023–FY2024 statements were audited by WWC, P.C.; statements use IFRS and U.S. dollars.

• As of October 2026, holdings totaled 254,174,603 OOB tokens, including 4,174,603 acquired for $1 million; at $0.00666 per token on Nov. 1, 2026, holdings were valued at $1.692 million.

• A $0.01-per-share interim dividend was paid July 31, 2023, totaling $104,557.28; no dividends were paid in FY2024 or FY2025, and the notes prohibit cash dividends.

Use of proceeds and capital allocation

• No proceeds arise from selling-shareholder resales; potential proceeds include up to $125 million under the Hudson equity line, $956,666.72 net from note tranches 2 and 3, and up to $1.7 million from cash exercises of PIPE warrants.

• Proceeds from share sales, notes and warrant exercises are intended for working capital, technology development, digital-asset and AI initiatives, and general and administrative expenses.

• Notes restrict cash dividends; note agreements also permit Dune and FirstFire to require up to 35% of certain equity, debt or asset-sale proceeds to repay outstanding note amounts.