---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-005418"
form_type: "8-K"
ticker: "HWH"
cik: "0001897245"
company_name: "HWH International Inc."
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:09:07.936830+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HWH International to acquire 99.55% of Hapi Metaverse from parent Alset for $19.9M via convertible note

## Summary
- Purchase price $19.9M in convertible promissory note at $1.85 conversion price, 1% interest, 5-year term.
- Transaction is related-party; Alset owns ~78% of HWH; CEO/COO recused from vote.
- Hapi Metaverse holds ~45.69% of Value Exchange International (VEII) and operates retail/cafe businesses.
- Closing subject to Nasdaq no objection and shareholder approval; majority approval already received.
- Fairness opinion from Valuescope obtained; board and audit committee approved.

## SEC filing metadata
- accession: 0001493152-26-005418
- form_type: 8-K
- ticker: HWH
- cik: 0001897245
- company_name: HWH International Inc.
- filed_at: 2026-02-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/0001493152-26-005418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-005418
- JSON: https://secwatch.observer/filing/0001493152-26-005418.json
- Plain text: https://secwatch.observer/filing/0001493152-26-005418.txt

## Source-grounded claims
- claim_id: 5f1427f099d034dfbc8c6a5e9632d7dd675c29d8
  claim: HWH International Inc. incurred convertible notes of $19,910,603 with Seller (Alset Inc.) at 1% per annum maturing five (5) years from the date of the Term Sheet.
  evidence_excerpt: the Company agreed to purchase the Shares through a stock purchase agreement (the “Stock Purchase Agreement”) for a purchase price of $19,910,603.00 in the form of a promissory note convertible into newly issued shares of the Company’s common stock (the “Convertible Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/0001493152-26-005418-index.htm
- claim_id: 742b8ba4415c8e381625d1671031491a4ea6f158
  claim: HWH International Inc. entered into Stock Purchase Agreement with Alset Inc. valued at $19,910,603 (effective 2026-02-05).
  evidence_excerpt: On February 5, 2026, the Company entered into the Stock Purchase Agreement with the Buyer, pursuant to which the Company agreed to purchase from the Seller 505,341,376 issued and outstanding shares of common stock, par value $0.0001, of Hapi Metaverse Inc. for a purchase price of $19,910,603 in the form of a promissory note convertible into newly issued shares of the Company’s common stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1897245/000149315226005418/0001493152-26-005418-index.htm

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