secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001493152-26-005416
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alset sells 99.55% stake in Hapi Metaverse to subsidiary HWH Int'l for $19.9M convertible note
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- Purchase price $19.9M via convertible note at $1.85/share, 1% interest, 5-year term.
- Alset owns ~78.2% of HWH; deal conditioned on HWH shareholder approval, which Alset controls.
- Target Hapi Metaverse holds ~45.69% of Value Exchange Int'l and operates retail tech and Hapi Café.
- Closing requires Nasdaq no objection, board approvals, regulatory filings, and short-form merger for minority.
- Term sheet approved by Alset board/audit committee; directors Chan Heng Fai and Chan Tung Moe recused.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226005416/0001493152-26-005416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226005416/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-005416

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