---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021752"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:55:10.743440+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alset Inc. terminates agreement to sell Hapi Metaverse shares to HWH International for $19.9M

## Summary
- Alset and HWH International terminated sale of 505.3M shares of Hapi Metaverse (99.55% stake) for $19.9M.
- Termination effective May 6, 2026; no penalties or fees were paid.
- All related agreements (Term Sheet, Stock Purchase Agreement, Convertible Note) are void from termination date.
- Original deal was $19.9M via convertible note at 1% interest, convertible at $1.85/share.
- Management determined termination is in best interests of both parties.

## SEC filing metadata
- accession: 0001493152-26-021752
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315226021752/0001493152-26-021752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315226021752/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021752
- JSON: https://secwatch.observer/filing/0001493152-26-021752.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021752.txt

## Source-grounded claims
- claim_id: 9e0468a49674b57d2b247672b0371a515b65d58a
  claim: Alset Inc. terminated Termination Agreement Relating to Purchase of Shares of Hapi Metaverse Inc. with HWH International Inc. valued at Termination of purchase and sale of 505,341,376 shares of Hapi Metaverse Inc. common stock for $19,9 (effective 2026-05-06).
  evidence_excerpt: The Company and its subsidiary HWH have now agreed to terminate the purchase and sale of the Hapi Metaverse Shares, and the agreements contemplating the same, on the terms and subject to the conditions set forth in a Termination Agreement dated May 6, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750106/000149315226021752/0001493152-26-021752-index.htm

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