VCI Global Announces Termination Of Its At-the-Market Offering Program; As Of The Termination Date, The ATM Program Has Generated Total Gross Proceeds Of ~1.77M
Portfolio Pulse from Benzinga Newsdesk
VCI Global Limited (NASDAQ:VCIG) has terminated its At-The-Market equity offering program with H.C. Wainwright & Co., LLC, which generated $1.77 million in gross proceeds. The company aims to explore more favorable financing options for long-term growth.
September 27, 2024 | 12:40 pm
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VCI Global Limited has terminated its ATM equity offering program, which raised $1.77 million. The company is looking for more favorable financing options to support its long-term growth strategy.
The termination of the ATM program indicates a shift in VCI Global's financing strategy. While the program raised $1.77 million, the company is seeking more favorable options, which could impact its stock price depending on future financing announcements. The immediate impact is neutral as the termination itself does not directly affect the company's operations or financial health.
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