secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001493152-24-002502
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315224002502/0001493152-24-002502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315224002502/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer