Alset Inc. completes business combination between Alset Capital and HWH International

Alset Inc.

Merger closed Jan 9, 2024: HWH merges into Alset Capital, which renamed to HWH International Inc.
Total consideration to HWH shareholders: 12,500,000 shares of New HWH common stock.
Alset International Ltd (85.4% owned by Alset Inc.) received 10,900,000 shares for its HWH stake.
New HWH has 16,223,246 shares outstanding; Sponsor and Alset International together own 13,577,375 shares plus warrants for 236,875 shares.

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