Alset prices $3.8M public offering of 1.73M shares at $2.20/share

Alset Inc.

Gross proceeds of $3.8M from 1,727,273 shares at $2.20/share; net proceeds ~$3.3M.
Aegis Capital Corp. is sole book-runner; underwriter has 45-day option for up to 212,863 additional shares.
Closing expected February 8, 2023; proceeds used for working capital.
Offering made under effective S-3 shelf registration statement (No. 333-264234).

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alset Inc. entered into Underwriting Agreement with Aegis Capital Corp. (effective 2023-02-06).

Action: entry
Agreement: underwriting
Counterparty: Aegis Capital Corp.
Effective: 2023-02-06

Exact text from the filing

On February 6, 2023, Alset Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) in connection with an offering (the “Offering”) of its common stock, par value $0.001 per share (the “Common Stock”), with Aegis Capital Corp. (the “Underwriter”) as the underwriter, relating to an underwritten public offering of 1,727,273 shares of Common Stock at a public offering price of $2.20 per share.

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-003894

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