VCI Global Ltd. has announced the execution of a Fourth Modification Agreement with Alumni Capital LP, a Delaware limited partnership. Under this agreement, Alumni Capital is set to purchase up to $135 million worth of VCI Global's Ordinary Shares, with the commitment period extending from August 1, 2024, to December 31, 2025. This modification amends previous agreements between the two parties, initially established in August 2024, to adjust the purchase price and warrant exercise terms. The agreement signifies a continued partnership aimed at enhancing VCI Global's financial and operational flexibility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.