VCI Global again meets the Nasdaq minimum bid price

KUALA LUMPUR, Malaysia, November 26, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified holding company with expertise in consulting, fintech, AI and robotics and Cybersecurity, today announced that it has received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company It will again meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing.

To restore compliance with the rule, the Company’s stock was required to maintain a minimum closing price of $1.00 or greater for at least 10 consecutive business days, achieved during the period from November 6, 2024 to November 20, 2024. On November 21, 2024, Nasdaq notified the company that it had achieved compliance with this rule. For this reason, the Nasdaq Listing Qualifications Staff believes that the matter is now closed due to prior offering price deficiencies.

About VCI Global Limited

VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The company operates in five core businesses: capital markets advisory, fintech, real estate, AI and robotics, and cybersecurity. In the area of ​​capital market consulting, we offer IPO solutions, advice on investor relations (IR) and public relations (PR) as well as M&A advice. Our Fintech branch offers its own financing platform. In the real estate sector, we offer specialized real estate consulting services. The AI ​​business provides GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consulting services and solutions. Committed to driving innovation and delivering exceptional value, VCI Global has established a strong presence in Asia Pacific, the United States, Europe and the Middle East, driving growth and transformation on a global scale.

For more information about the company, please log on to https://v-capital.co/.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. These statements include statements about the Company’s ability to grow its business and other statements that are not historical facts, including statements containing the words “intends,” “may,” “will,” “plans,” “expects.” “ or “expected” can be connected. “anticipate,” “project,” “predict,” “estimate,” “target,” “believe,” “hope,” “potential,” or similar words. These forward-looking statements are based solely on our current beliefs, expectations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on these forward-looking statements. Actual results may differ materially from those described in these forward-looking statements due to certain factors, including, but not limited to, the Company’s ability to achieve profitable operations, customer acceptance of new products, the impact of the spread of the coronavirus (COVID-19) etc. future actions taken by authorities in the countries where the Company has supply chain partners, the demand for the Company’s products and the economic situation of the Company’s customers, the impact of competing products and prices, successful management and the general economic Conditions and other detailed risk factors in Company filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release and the Company undertakes no responsibility to update the forward-looking statements in this press release, except in accordance with applicable law.

CONTACT INFORMATION:

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VCI Global Limited
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