VCI Global Limited (NasdaqCM:VCIG) signed letter of intent to acquire AI based-AdTech platforms assets and IP from Playstack Limited for $2 million on November 19, 2023. TruFin announces that the Disposal has been contracted on March 26, 2024. As of March 26, 2024, TruFin announces the consideration payable by VCIG in relation to the Disposal is $300,000 in cash and $1,700,000 payable in VCIG shares, which are subject to a lock-up period. TruFin announces that the completion is due to occur on March 28, 2024. Chris Clarke and Edward Thomas of Liberum Capital Limited acted as Financial Adviser to TruFin.

VCI Global Limited (NasdaqCM:VCIG) completed the acquisition of AI based-AdTech platforms assets and IP from Playstack Limited on April 15, 2024.