Financing ·
VCI Global raises up to $125M via equity line with Hudson Global Ventures and secures $1.7M in convertible notes
VCIGVCI Global Ltd
VCI Global Limited entered into an Equity Purchase Agreement with Hudson Global Ventures on September 23, 2026, establishing a $125 million equity line of credit exercisable over approximately 36 months. The company also executed Securities Purchase Agreements with Dune Equity Holdings LLC and FirstFire Global Opportunities Fund LLC for secured convertible promissory notes with a maximum principal amount of $1.7 million and an aggregate purchase price of up to $1.55 million. These transactions include PIPE warrants for 850,000 shares at $2.00 per share and commitment shares issued immediately upon execution. Amendments dated September 28, 2026, established a $0.328 floor price for note conversions and warrant exercises, requiring cash true-ups if conversion limits are triggered. VCI Global Limited operates in the technology sector, providing software solutions.