{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-042499","form_type":"8-K","ticker":"AEI","cik":"0001750106","company_name":"Alset Inc.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.304163+00:00","generated_at":"2026-06-07T22:18:25.074386+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Alset Inc. subsidiary agrees to sell HWH International shares to two investors for $16M total","bullets":["Alset International (85.4%-owned by Alset Inc.) sells 640 HWH International shares to each of two investors for $8M each via promissory notes.","Each investor receives 6.4% of consideration from planned HWH International/Alset Capital merger; Alset International gets 87.2%.","Sale is subject to closing conditions, including consummation of the HWH International business combination with Alset Capital.","Security agreements grant Alset International sole recourse to brokerage accounts serving as collateral for the notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-042499","json":"https://secwatch.observer/filing/0001493152-23-042499.json","markdown":"https://secwatch.observer/filing/0001493152-23-042499.md","text":"https://secwatch.observer/filing/0001493152-23-042499.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223042499/0001493152-23-042499-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223042499/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:18:25.074386+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d3445e5dbfb3d7dadfe1a428a68dbb24d85ad48","claim":"Alset Inc. entered into Stock Purchase Agreement with Massive Brilliant Limited valued at $8,000,000.00 per share purchase (effective 2023-11-21).","evidence_excerpt":"On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223042499/0001493152-23-042499-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Massive Brilliant Limited"},{"label":"Value","value":"$8,000,000.00 per share purchase"},{"label":"Effective","value":"2023-11-21"}],"fact_type":"material_agreement"},{"claim_id":"8836e202ddf60a0854241ea5e969def7ec62883c","claim":"Alset Inc. entered into Stock Purchase Agreement with Teh Wing Kwan valued at $8,000,000.00 per share purchase (effective 2023-11-21).","evidence_excerpt":"On November 21, 2023, Alset International Limited, an 85.4%-owned subsidiary of Alset Inc. (the “Company”) entered into two Stock Purchase Agreements (each, a “Stock Purchase Agreement,” collectively the “Stock Purchase Agreements”), with each of Teh Wing Kwan, a citizen of Singapore, and Massive Brilliant Limited, a Hong Kong limited company (each an “Investor,” collectively, the “Investors”), the terms of each Stock Purchase Agreement being substantially the same.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223042499/0001493152-23-042499-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Teh Wing Kwan"},{"label":"Value","value":"$8,000,000.00 per share purchase"},{"label":"Effective","value":"2023-11-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}