---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021753"
form_type: "8-K"
ticker: "HWH"
cik: "0001897245"
company_name: "HWH International Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:03:31.230287+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HWH enters $10M PIPE with warrants at $0.50/share; terminates Hapi Metaverse acquisition

## Summary
- Binding term sheet with Smart Dynamics: 20M shares at $0.50/share and 160M warrants at $0.63 exercise price, expiring in 4 years.
- Investor gets anti-dilution rights for 2 years and right to appoint 3 directors; closing subject to shareholder and Nasdaq approvals.
- Mutually terminated planned acquisition of Hapi Metaverse Inc. from majority stockholder Alset Inc.; no further obligations.
- Board approved amendment to 2025 Incentive Compensation Plan to issue up to 2M additional shares, subject to 12-month lock-up and shareholder vote.

## SEC filing metadata
- accession: 0001493152-26-021753
- form_type: 8-K
- ticker: HWH
- cik: 0001897245
- company_name: HWH International Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/0001493152-26-021753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021753
- JSON: https://secwatch.observer/filing/0001493152-26-021753.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021753.txt

## Source-grounded claims
- claim_id: 68063a794ecebf3560555758b7ea2ca01b6bab00
  claim: HWH International Inc. entered into Term Sheet with Smart Dynamics Technology Limited valued at $10,000,000 (effective 2026-05-05).
  evidence_excerpt: On May 5, 2026, HWH International Inc., a Nevada corporation (the “Company”) entered into a term sheet (the “Term Sheet”) with Smart Dynamics Technology Limited, a company incorporated in the British Virgin Islands (the “Investor”), pursuant to which the Company has agreed to sell to the Investor, for an aggregate purchase price of $10,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/0001493152-26-021753-index.htm
- claim_id: b33655bfa73432e34579d31928cc65eed362b3fd
  claim: HWH International Inc. terminated Termination Agreement with Alset Inc. (effective 2026-05-06).
  evidence_excerpt: Alset Inc. and the Company entered into a Termination Agreement, dated as of May 6, 2026 (the “Termination Agreement”). Under the terms of the Termination Agreement, neither the Company nor Alset Inc. has any further rights or obligations pursuant to the Stock Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/0001493152-26-021753-index.htm

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