Sichenzia Ross Ference Carmel LLP Represents VCI Global Limited in $2.75 Million Public Offering

Press Release – New York, NY – January 12th, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented VCI Global Limited (the “Company” or “VCI”) (NASDAQ: VCIG). Today, it announced the closing of its common stock public offering, with gross proceeds of approximately $2.75 million, before deducting placement agent fees and other expenses.

The offering consisted of 2,200,000 ordinary shares and accompanying Series A warrants to purchase up to 2,200,000 ordinary shares (“Series A Warrants”) and Series B Warrants to purchase up to 2,200,000 ordinary shares (“Series B Warrants”, together with Series A Warrants, collectively the “Series Warrants”) at a combined offering price of $1.25 per ordinary share and associated Series Warrants.

VCI Global is a business consultancy agency, with key focuses on capital market consultancy, marketing consultancy, and technology consultancy. The Company provides business and boardroom strategy services, investor relation services, initial public offering, marketing, real estate consultancy, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. g.

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel and Jeffrey Wofford, counsel Jeff Hua, and associate Tong Wu.

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Sichenzia Ross Ference Carmel LLP

Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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