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Following an earlier investment of $5 million from Alumni Capital, this additional $30 million, in exchange for VCI Global common shares, will reinforce VCI Global's strategic push into its AI cloud computing business, particularly for its planned developments in the second quarter of 2025.
VCI Global retains the right, but is not obligated, to draw on this amount, providing the Company with the flexibility to access the funds as needed, while preserving the option to forgo the drawdown if other resources become available or conditions change.
Posted In: VCIG
