{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020715","form_type":"8-K","ticker":"AEI","cik":"0001750106","company_name":"Alset Inc.","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.869537+00:00","generated_at":"2026-05-18T03:34:13.151644+00:00","sec_items":["2.01","2.03","1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Alset closes $83M purchase of NEAPI from Chan; issues 27.7M shares on note conversion","bullets":["Completed purchase of all NEAPI shares for $83M convertible note; Chan converted note into 27,666,667 shares at $3.00 per share.","Acquired entity owns 41.5% of New Energy Asia Pacific Company Ltd, an electric vehicle distributor with signed MOUs and government interest.","Seller Chan Heng Fai (Chairman/CEO) and Co-CFO Lui Wai Leung Alan sit on New Energy's board; transaction is related-party.","Shares issued in exempt private placement under Section 4(a)(2) of the Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020715","json":"https://secwatch.observer/filing/0001641172-25-020715.json","markdown":"https://secwatch.observer/filing/0001641172-25-020715.md","text":"https://secwatch.observer/filing/0001641172-25-020715.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225020715/0001641172-25-020715-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225020715/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:34:13.151644+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":"51996abc6d736c1abdb14fb4bbc60ae7ce304dd1","claim":"Alset Inc. completed an acquisition involving Chan Heng Fai for $83,000,000 in the form of a promissory note convertible into newly issued shares of the Company's common stock (closed 2025-07-23).","evidence_excerpt":"Chief Executive Officer and largest stockholder, pursuant to which the Company purchased from Mr. Chan 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”). The Convertible Note bears a simple interest rate of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000164117225020715/0001641172-25-020715-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Chan Heng Fai"},{"label":"Consideration","value":"$83,000,000 in the form of a promissory note convertible into newly issued shares of the Company's common stock"},{"label":"Closing","value":"2025-07-23"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}