Alset Inc. - AEI STOCK NEWS

Aegis Capital Corp. has successfully completed a $3.8 million underwritten public offering for Alset Inc. (NASDAQ:AEI) as the sole bookrunner. The offering aims to support Alset's diversified operations, focusing on sustainable living through the development of EHome communities and other ventures in property development, financial services, digital transformation technologies, biohealth, and consumer products. This strategic funding is expected to enhance shareholder value and promote long-term growth.

Alset Inc. (NASDAQ:AEI) announced the completion of an underwritten public offering, generating approximately $3.8 million in gross proceeds. The offering included 1,727,273 shares priced at $2.20 per share. These funds are designated for general working capital. Chairman Chan Heng Fai acquired $1.2 million worth of shares in this offering. The offering was conducted under an effective shelf registration statement and managed by Aegis Capital Corp. The Company aims to promote sustainable living through the development of EHome communities and other ventures.

Alset Inc. (NASDAQ:AEI) has priced an underwritten public offering of 1,727,273 shares of common stock at $2.20 per share, aiming to raise gross proceeds of $3.8 million. The offering includes a 45-day option for the underwriter, Aegis Capital Corp., to purchase an additional 212,863 shares. The company intends to utilize the net proceeds for general working capital. The closing is anticipated on February 8, 2023, subject to customary conditions. This offering follows an effective shelf registration statement with the SEC, enhancing AEI's capital structure.

Alset Inc. (NASDAQ:AEI) announced its intention to launch a firm commitment public offering of common stock. The underwriter will have a 45-day option to purchase an additional 15% of the shares at the offering price. The net proceeds will be allocated to general working capital. This offering, subject to market conditions, follows an effective shelf registration statement with the SEC (No. 333-264234). Aegis Capital Corp. serves as the sole book-running manager. AEI aims to enhance sustainable living through its various business ventures including real estate and digital transformation technologies.

Alset EHome International Inc. (NASDAQ: AEI) will change its name to Alset Inc. and reincorporate from Delaware to Texas, effective October 4, 2022. This strategic shift, approved by stockholders, is aimed at aligning the brand with the company’s growth opportunities across various sectors. Alongside the name change, AEI announced three new Board members, enhancing its leadership with expertise in real estate and business development. The company's corporate operations and headquarters will remain unchanged, with the stock symbol staying as AEI.

Alset EHome International (NASDAQ:AEI) reported a 21.9% revenue increase for FY2021, reaching approximately $19.8 million, up from $16.2 million in FY2020. This growth was driven by its biohealth sector and rental income. The company's cash more than doubled to $56.1 million, and real estate assets rose to $40.5 million, a 97.6% increase. However, substantial accounting charges related to related party transactions and unrealized investment losses impacted operating results, totaling around $100 million in charges, though these were non-cash and did not affect net assets.

Alset EHome International (NASDAQ:AEI) has announced plans to launch a cryptocurrency mining venture via its wholly-owned subsidiary, Alset Mining. This initiative aims to capitalize on the booming cryptocurrency mining market, projected to reach USD 5.29 billion by 2028, with a CAGR of 28.5%. Alset Mining will focus on acquiring mining rigs and sourcing renewable energy for operations, aligning with the company’s sustainability goals. The move is expected to create a consistent revenue stream as the cryptocurrency sector evolves.

Alset EHome International Inc. (NASDAQ:AEI) has appointed Anthony S. Chan as its new Chief Operating Officer. With over 32 years of experience in auditing and finance, Chan brings a wealth of expertise, having served as CFO for various public companies. His appointment is viewed positively by Chairman and CEO Heng Fai Chan, who believes Chan's background will enhance operational efficiency and strengthen compliance. This strategic move aims to bolster shareholder value through sustainable earnings growth.

Alset EHome International (NASDAQ:AEI) provided a year-end update for 2021, highlighting resilience amid pandemic challenges. The Company enters strategic partnerships, including one with Tesla for solar technology in sustainable housing. Key acquisitions include 6.3 acres for its Alset at Black Oak project and 19.5 acres for Alset Villas near Houston. The firm successfully raised approximately US$115 million in funding, enhancing its cash position. Future plans focus on expanding EHome communities and entering the green energy sector.