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 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 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.
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 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.
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.
Business Combination closed on Jan 9, 2024; Alset renamed HWH International Inc.
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).
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