{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-012110","form_type":"8-K","ticker":"AEI","cik":"0001750106","company_name":"Alset Inc.","filed_at":"2025-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.581272+00:00","generated_at":"2026-05-20T18:32:03.423719+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Alset enters $83M deal to acquire electric-vehicle stake from Chairman","bullets":["Purchase price of $83M via 5-year convertible note at $3.00/share, 1% interest.","Acquires NEAPI, which owns 41.5% of New Energy Asia Pacific Co. Ltd. (all-electric vehicles).","Chairman/CEO Chan Heng Fai is seller; Audit Committee and Board approved; fairness opinion obtained.","Stockholder approval required; customary closing conditions apply.","Chan and his son recused from deliberations; note convertible upon 10 days' notice prior to maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-012110","json":"https://secwatch.observer/filing/0001641172-25-012110.json","markdown":"https://secwatch.observer/filing/0001641172-25-012110.md","text":"https://secwatch.observer/filing/0001641172-25-012110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225012110/0001641172-25-012110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225012110/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T18:32:03.423719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b0044132b504d97dcfb9479af18c00cea9c1aa8","claim":"Alset Inc. incurred convertible notes of $83,000,000 with Chan Heng Fai at 1% per annum maturing five (5) years from the date of the Term Sheet.","evidence_excerpt":"On May 22, 2025, pursuant to the terms of the Amended Term Sheet, the Company and the Seller entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) to purchase from the Seller all of the outstanding shares of NEAPI for a purchase price of $83,000,000 in the form of a promissory note convertible into newly issued shares of the Company’s common stock (the “Convertible Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225012110/0001641172-25-012110-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$83,000,000"},{"label":"Counterparty","value":"Chan Heng Fai"},{"label":"Rate","value":"1% per annum"},{"label":"Maturity","value":"five (5) years from the date of the Term Sheet"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}