Aegis Capital Corp. Acted as Sole Bookrunner on a $3.8 Million Underwritten Public Offering for Alset Inc. (NASDAQ:AEI).

Rhea-AI Summary

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.

Positive

• Successful completion of a $3.8 million public offering to support business diversification.
• Focus on developing EHome communities and sustainable living initiatives.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / February 8, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $3.8 Million Underwritten Public Offering for Alset Inc. (NASDAQ:AEI).

About Alset Inc.

AEI is a diversified company executing on its vision to accelerate sustainable healthy living with a focus on the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products. Through its operating subsidiaries, AEI's mission is to provide a healthy living ecosystem that drives long-term exponential growth, building liquidity and value for shareholders.

For more information, please visit: https://www.alsetinc.com

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.

www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.

View source version on accesswire.com:
https://www.accesswire.com/738573/Aegis-Capital-Corp-Acted-as-Sole-Bookrunner-on-a-38-Million-Underwritten-Public-Offering-for-Alset-Inc-NASDAQAEI

FAQ

What was the recent public offering amount for Alset Inc. (NASDAQ:AEI)?

Alset Inc. completed a public offering amounting to $3.8 million.

Who acted as the bookrunner for Alset Inc.'s public offering?

Aegis Capital Corp. acted as the sole bookrunner for the offering.

What is the purpose of Alset Inc.'s recent public offering?

The offering aims to support Alset’s initiatives in sustainable living, property development, and other diversified operations.

How does Alset Inc. plan to use the funds from the public offering?

The funds will be utilized to enhance business operations in the development of EHome communities and other growth areas.