Alset Inc. announces 1-for-20 reverse stock split effective Dec. 28, 2022

Alset Inc.

Reverse stock split at a 1:20 ratio; par value remains $0.001 per share.
Effective date December 28, 2022; CUSIP number changes to 02115D208.
No fractional shares issued; holders receive cash based on closing price on trading day before effective date.
Company filed Certificate of Amendment with Texas Secretary of State on December 6, 2022.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Alset Inc.: Filed Certificate of Amendment to Certificate of Formation to effect a 1-for-20 reverse stock split (effective 2022-12-28).

Change: charter amendment
Effective: 2022-12-28

Exact text from the filing

On December 6, 2022, Alset Inc., a Texas corporation (the “Company”), filed a Certificate of Amendment to the Company’s Certificate of Formation (the “Amendment”) with the Texas Secretary of State to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) with an effective date of December 28, 2022

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-035189

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