Alset Inc. - AEI STOCK NEWS

Alset EHome International (NASDAQ:AEI) announced the establishment of Alset Metaverse Inc., which aims to incubate and invest in metaverse-related projects. This new venture will collaborate with Hapi Cafe Inc. to create virtual reality spaces for users to socialize and play games. Furthermore, there are plans for a suite of Non-Fungible Tokens (NFTs) that could enhance the Group's ecosystem. The announcement emphasizes the growth potential in the metaverse and virtual reality, particularly as the industry continues to evolve.

Alset EHome International Inc. (NASDAQ:AEI) announced the full exercise of the underwriter's option to purchase an additional 7,500,000 shares of common stock at $0.60 per share, resulting in total gross proceeds of approximately $34.5 million. Aegis Capital Corp. acted as the sole book-running manager for the offering, which was conducted under an effective registration statement with the SEC. This offering reflects AEI's commitment to expanding its business in property development and digital transformation technologies.

Alset EHome International Inc. (NASDAQ:AEI) recently announced a public offering of common stock, raising $30 million through Aegis Capital Corp. as the sole bookrunner. The funds will support the company's vision of promoting sustainable living via EHome communities, property development, and health-focused services. Chairman and CEO Heng Fai Chan, with extensive corporate restructuring experience, aims to enhance liquidity and shareholder value. This capital infusion is expected to drive long-term growth in AEI's diversified business operations.

Alset EHome International Inc. (NASDAQ:AEI) has successfully completed an underwritten public offering, raising approximately $30 million through the sale of 18,923,334 shares of common stock at $0.60 per share, along with pre-funded warrants for 31,076,666 shares at $0.599 each. There is a 45-day option for underwriters to purchase additional shares, potentially increasing proceeds to $34.5 million. The offering was made under SEC regulations and is expected to enhance the company's financial resources for further development in various sectors.

Alset EHome International Inc. (NASDAQ:AEI) announced a $30 million underwritten public offering, which could rise to $34.5 million if the over-allotment option is fully exercised. The offering price is $0.60 per share for common stock and $0.599 for pre-funded warrants, exercisable at $0.001 per share. The offering is set to close on December 8, 2021, subject to customary conditions. Aegis Capital Corp. is the sole book-running manager. The securities are offered under an effective registration statement filed with the SEC.

Alset EHome International (NASDAQ:AEI) announced that its subsidiary, Alset International Limited, has seeded American Home REIT (AHR) with 30 occupied rental homes. AHR aims to develop a Class A portfolio of income-generating real estate in the US, targeting a 5% capitalization rate with a potential 6% annualized dividend yield. The properties are located in the Alset at Black Oak and Northpark Woods communities in Texas. The company plans to expand its portfolio by acquiring over 100 single-family homes by year-end and aims to develop 5,000 sustainable homes in the next three to five years.

Alset EHome International (NASDAQ:AEI) announces the acquisition of three hospitals by its subsidiary, American Medical REIT Inc. (AMRE), for $62 million. The hospitals, located in Fort Worth, Texas, Plano, Texas, and Pittsburgh, Pennsylvania, are under an 18-year lease with LifeCare Hospitals, which focuses on long-term acute care. This acquisition enhances AMRE's portfolio, creating sustainable dividends and long-term value for shareholders. Additionally, the transaction involved loans totaling $22.45 million from Alset International Limited and affiliated entities.

Alset EHome International (NASDAQ: AEI) has announced the acquisition of approximately 19.5 acres for the development of a new EHome community named Alset Villas in Houston, Texas. This community aims to build around 70 sustainable homes, integrating a clean energy ecosystem. The project will include features like solar energy and electric vehicle amenities, promoting a sustainable lifestyle. Alset EHome continues to enhance its portfolio, focusing on healthy living initiatives and sustainable development.

Alset EHome International Inc. (NASDAQ: AEI) announced that its subsidiary, American Pacific Bancorp (APB), secured a $40 million investment from Document Security Systems, Inc. (NYSE: DSS). APB will issue 6,666,700 shares at $6.00 each, granting DSS over 50% ownership of APB. This investment is expected to enhance APB's capabilities, allowing it to expedite its plans in diversified loans and digital banking. AEI remains a significant shareholder in APB, which focuses on acquiring equity in U.S. commercial banks to improve banking efficiency.