---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-038546"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:12:40.108844+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alset Inc. buys 6.5M HWH shares from unit for $4.1M; converts $3.8M HWH debt to equity at $0.63/share

## Summary
- Enters Stock Purchase Agreement with subsidiary Alset International to purchase 6,500,000 HWH shares for $4,095,000 in secured promissory note.
- Promissory note bears 5% interest, matures Sept 26, 2026; secured by buyer's brokerage account assets.
- Also converts $300k HWH debt into 476,190 shares and $3,501,759 debt into 5,558,347 shares, all at $0.63/share.
- Transactions involve related parties: Chairman/CEO Chan Heng Fai serves as officer of Alset Inc., Alset International, and HWH.
- Closing contingent on Alset International shareholder approval and other conditions.

## SEC filing metadata
- accession: 0001493152-24-038546
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315224038546/0001493152-24-038546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315224038546/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038546
- JSON: https://secwatch.observer/filing/0001493152-24-038546.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038546.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.