{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-044794","form_type":"8-K","ticker":"AEI","cik":"0001750106","company_name":"Alset Inc.","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.304372+00:00","generated_at":"2026-06-07T12:55:33.289335+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alset Inc. to acquire 41.5% EV distributor stake via $103.75M convertible note from Chairman","bullets":["Alset (AEI) entered binding term sheet to buy NEAPI for $103.75M in a convertible promissory note.","NEAPI owns 41.5% of New Energy Asia Pacific Limited, an EV and charging station distributor.","Convertible note: 5-year term, 3% interest, conversion at $12/share (16x AEI's $0.75 closing price).","Transaction is related party (seller is Chairman/CEO Chan Heng Fai); requires stockholder approval and Nasdaq no-objection.","New Energy has $42M in signed MOUs and strong demand from Asian government and market."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-044794","json":"https://secwatch.observer/filing/0001493152-23-044794.json","markdown":"https://secwatch.observer/filing/0001493152-23-044794.md","text":"https://secwatch.observer/filing/0001493152-23-044794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223044794/0001493152-23-044794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223044794/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:55:33.289335+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":"b1886fdd9062c2aa78ca5e0c8375d7a669b8b701","claim":"Alset Inc. entered into Binding Term Sheet for Acquisition of New Energy Asia Pacific Inc. with Chan Heng Fai valued at $103,750,000.00 convertible promissory note (effective 2023-12-13).","evidence_excerpt":"On December 13, 2023, Alset Inc. (the “Company”) entered into a term sheet (the “Term Sheet”), with Chan Heng Fai (the “Seller”), the Chairman of the Board of Directors, Chief Executive Officer and largest stockholder of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000149315223044794/0001493152-23-044794-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Chan Heng Fai"},{"label":"Value","value":"$103,750,000.00 convertible promissory note"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}