Add as a preferred source on GoogleVCI Global Shares Fall 15% Premarket After $125 Million Deal Clarification
The company said its equity agreement with Hudson Global Ventures provides funding access over 36 months, with no funds drawn or shares issued.
VCI Global Limited (VCIG) shares fell 15% in premarket trading Friday after the company clarified its $125 million equity agreement with Hudson Global Ventures.
The agreement provides VCI Global access to funding over 36 months. The company said no funds have been drawn and no shares have been issued under the arrangement.
The clarification outlines the potential financing available to VCI Global without indicating that the company has received proceeds or expanded its share count through the agreement.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.