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VCI Global issues 821,469 shares and nearly 5.3M warrants to settle dispute with Esousa Group Holdings
VCIGVCI Global Ltd
VCI Global Limited entered into a settlement agreement with Esousa Group Holdings, LLC to resolve a legal dispute regarding alleged breaches of reporting and registration obligations. The settlement involves the issuance of 821,469 ordinary shares, a pre-funded warrant to purchase 401,025 shares, and warrants to purchase a combined 4,889,976 shares via Common A and Common B warrants. The company is subject to 90-day restrictions on certain corporate actions. VCI Global Limited is a technology-driven business services company providing consulting and digital marketing services.