Highest-materiality recent filing
HWH International amends $10M PIPE, sells $0.5M shares to majority stockholder Alset
Amendment adds Nasdaq compliance extension condition to PIPE closing with Smart Dynamics Technology.
HWH International receives Nasdaq deficiency notice for equity below $2.5M threshold
Stockholders' equity of $2,078,220 as of March 31, 2026, below Nasdaq's required minimum of $2.5 million.
HWH International signs $10M PIPE; sells 20M shares & warrants for 160M shares at $0.63
Purchaser Smart Dynamics to buy 20M shares and warrants for 160M shares at $0.63, exercisable immediately for 4 years.
HWH enters $10M PIPE with warrants at $0.50/share; terminates Hapi Metaverse acquisition
Binding term sheet with Smart Dynamics: 20M shares at $0.50/share and 160M warrants at $0.63 exercise price, expiring in 4 years.
Purchase price $19.9M in convertible promissory note at $1.85 conversion price, 1% interest, 5-year term.
HWH International awards CEO Chan Heng Fai 1M restricted shares as compensation
Board granted 1,000,000 restricted shares to Chairman & CEO Chan Heng Fai on Nov 26, 2025.
HWH International stockholders elect 5 directors, ratify auditor at annual meeting
All five nominees elected: Chan Heng Fai (5,102,960 for), Wong Tat Keung, William Wu, Wong Shui Yeung, Lim Sheng Hon Danny.
HWH International reincorporates from Delaware to Nevada; stock symbol and name unchanged
Merger Agreement dated Nov 12, 2025. Effective time: Nov 14, 2025 at 11:00 PM ET.
HWH International names Chairman Chan Heng Fai as CEO, replaces John Thatch
John 'JT' Thatch resigned as CEO effective October 3, 2025, with no disagreement with the company.
HWH International sells 70% stake in Singapore café subsidiary for ~$171k
Sale of 70% of Alset F&B One to Alset International for S$218,941 (~$170,754); subsidiary operates a cafe in Singapore.
HWH International dismisses Grassi & Co. as auditor, engages HTL International
Board dismissed Grassi as independent auditor on July 2, 2025; no adverse opinions or disagreements.
HWH International regains Nasdaq minimum bid price compliance
Received Nasdaq compliance notice on March 10, 2025, for Rule 5550(a)(2).
HWH International announces 1-for-5 reverse stock split effective Feb 24, 2025
Reverse stock split at 1-for-5 ratio, effective at market open on February 24, 2025.
HWH International regains Nasdaq compliance under Rule 5550(b)(1); subject to 1-year monitor
Received Nasdaq notice on Jan 23, 2025 confirming compliance with continued listing requirement.
HWH International amends charter to permit stockholder action by written consent
On January 8, 2025, HWH International amended Section 7.3 of its Certificate of Incorporation to allow stockholder action by majority written consent.
HWH closes public offering of ~3.16M shares and 1.25M pre-funded warrants for ~$1.76M
Offering of 3,162,500 shares at $0.40/share and 1,250,000 pre-funded warrants at $0.3999/warrant.
3,162,500 shares at $0.40 each and 1,250,000 pre-funded warrants at $0.3999 each, each warrant exercisable at $0.0001.
HWH raises $3.585M via stock sales to Alset; believes Nasdaq compliance regained
Nov 25 deal: 4,411,764 shares at $0.68 each, adding $3M to equity.
HWH International sells 1.3M shares to majority shareholder Alset at $0.45/sh, raising $585k
Alset Inc. buys 1,300,000 HWH common shares at $0.45/share, total $585,000.
HWH shareholders approve written consent amendment, elect directors at annual meeting
Four directors elected: Chan Heng Fai (19,731,664 for), Wong Tat Keung, William Wu, Wong Shui Yeung (20,609 withheld).
HWH issues 4.4M shares to majority shareholder Alset at $0.68 for $3M
HWH sold 4,411,764 shares to Alset Inc. at $0.68/share for total proceeds of $3,000,000.
HWH International furnishes investor presentation slides; content not disclosed
CEO provided presentation to potential investors on Oct 30-31, 2024.
Nasdaq Panel grants HWH International extension to transfer to Capital Market and regain compliance
MVPHS deficiency since Feb 22, 2024; failed to regain by Aug 20, 2024, leading to delisting notice.
HWH converts ~$3.8M debt into 6.03M shares, diluting existing holders by 37.2%
Alset Inc. converts $300,000 debt into 476,190 shares; Alset International converts $3,501,759 into 5,558,347 shares.
HWH International fails to regain Nasdaq MVLS compliance; appeal pending
MVLS remained below $50M minimum since March; 180-day cure period expired Sept 3.
HWH receives Nasdaq bid price deficiency notice; 180-day cure period through Mar 3, 2025
HWH's common stock bid price below $1 for 30 consecutive business days.
HWH International receives Nasdaq delisting notice for MVPHS deficiency
Nasdaq notified HWH on Aug 27 that its securities will be delisted from the Nasdaq Global Market for failing to maintain minimum $15M market value of publicly held shares.
HWH secures $1M unsecured credit from majority holder Alset; replaces auditor with Grassi
Credit facility of up to $1M from indirect majority stockholder Alset Inc. at 3% simple interest, due April 2025.
Total revenue $830,519, down 31% YoY from $1.20M; membership revenue plunged to $12,293 from $751,452.
HWH International receives Nasdaq delisting notice for MVLS below $50M for 37 days
On March 7, 2024, Nasdaq notified HWH that its Market Value of Listed Securities (MVLS) had been below $50M for 37 consecutive business days.
HWH International receives Nasdaq deficiency notice for low MVPHS
Nasdaq letter dated Feb 22, 2024 cites non-compliance with MVPHS Rule 5450(b)(3)(C) due to market value of publicly held shares below $15M.
Anthony S. Chan resigns as COO; Lim Sheng Hon Danny appointed new COO
Anthony S. Chan resigned as COO on Feb 6, 2024, for personal reasons; no disagreement with the company.
Business Combination closed on Jan 9, 2024; Alset renamed HWH International Inc.
Alset Capital Acquisition Corp. extends redemption deadline to Dec 21, 2023
Stockholders have until 5:00 p.m. ET on Dec 21, 2023 to redeem Class A common stock.
Alset Capital extends stockholder redemption deadline to Dec 19, 2023
Redemption deadline moved to 5:00 PM ET on Tuesday, December 19, 2023.
Alset Capital extends stockholder redemption deadline to Dec 15, allows withdrawal of prior requests
Deadline for shareholders to redeem Class A common stock extended to 5:00 p.m. Eastern on Dec 15, 2023.
Alset Capital extends stockholder redemption deadline to Dec 8, 2023
Redemption deadline for Class A common stock moved to 5:00 p.m. ET on Friday, December 8, 2023.
Alset Capital extends share redemption deadline to Dec 1; permits withdrawal of prior requests
Redemption deadline for Class A common stock extended to 5:00 PM ET on Dec 1, 2023.
ACAX shareholders approve extension to Feb 3, 2024; redemption deadline extended to Nov 17
Extension Proposal approved with 3,118,295 votes for, 100,000 against; 69.87% of shares voted.
Alset Capital extends redemption deadline to Nov 3, raises redemption price to $10.60
Redemption deadline extended to 5:00 p.m. ET on Nov 3, 2023 for both special meetings.
Alset Capital raises SPAC redemption amount to $10.60, deadline Nov 3
Redemption amount for Class A common stock increased from $10.50 to $10.60 per share.
Alset Capital extends stockholder redemption deadline to Nov 3, 2023
Redemption deadline extended to 5:00 p.m. ET on Friday, November 3, 2023.
Alset Capital extends stockholder redemption deadline to Oct 25, 2023
Redemption deadline extended to 5:00 p.m. ET on October 25, 2023.
Alset Capital extends stockholder redemption deadline to October 13, 2023
Redemption deadline extended to 5:00 p.m. ET on October 13, 2023.
Alset Capital Acquisition Corp. extends stockholder redemption deadline to Oct 6, 2023
Deadline for stockholders to redeem Class A common stock extended to 5:00 p.m. ET on Friday, October 6, 2023.
Alset Capital extends redemption deadline to Sept 28, 2023
Redemption deadline extended to 5:00 p.m. ET on Thursday, September 28, 2023.
Alset Capital extends stockholder redemption deadline to September 13, 2023
Redemption deadline for Class A common stock extended to 5:00 p.m. ET on September 13, 2023.
Alset Capital extends stockholder redemption deadline to Aug 25, 2023
Redemption deadline extended to 5:00 p.m. ET on Friday, August 25, 2023.
Alset Capital gets Nasdaq delisting notice; only 41,287 publicly held shares vs. 1.1M minimum
Received Nasdaq letter on Aug 9, 2023 for failing to meet minimum publicly held shares of 1,100,000 under Nasdaq Rule 5450(b)(1)(B).
Alset Capital extends stockholder redemption deadline to August 23, 2023
Redemption deadline for Class A common stock moved from July 28 to 5:00 p.m. ET on August 23, 2023.
On February 8, 2024, Lim Sheng Hon Danny was appointed as Chief Operating Officer of the Company by the Company’s Board of Directors.
On February 6, 2024, Anthony S. Chan resigned as Chief Operating Officer of HWH International Inc. (the “Company”), effective immediately, due to personal reasons.
Danny Lim 31 Chief Strategy Officer
Rongguo Wei 52 Chief Financial Officer
On January 9, 2024, Heng Fai Ambrose Chan resigned from the position of Chief Executive Officer of the Company.
Wong (Aston) Tat Keung 53 Independent Director
Anthony Chan 59 Chief Operating Officer
Adam Tan 30 Asia Chief Operating Officer
William Wu 57 Independent Director
Vincent Lum 60 Chief Technology Officer
Wong (Frankie) Shui Yeung 53 Independent Director
Additionally, on January 9, 2024, John “JT” Thatch has been appointed to the Chief Executive Officer of the Company.
Max materiality 0.85 · Median 0.50 · Most common event other_material