Alset Inc. - AEI STOCK NEWS

Alset EHome International Inc. (NASDAQ: AEI) reported a strong financial performance for the six months ending June 30, 2021. Revenues surged by 142% to $12.2 million, largely due to growth in real estate and biohealth sectors. Gross margin increased from $1.0 million to $5.8 million. However, the company faced approximately $79.2 million in other expenses, driven by a $30.7 million unrealized loss on securities and significant one-time amortization expenses. Stockholders' equity rose to $115.1 million, while cash reserves increased to $59.5 million.

Alset EHome International (NASDAQ:AEI) announced a successful capital raise, accumulating over $90 million across three funding rounds. This liquidity positions the company for growth amid economic uncertainties. The funds will support strategic initiatives and expansion into sustainable healthy living markets. Alset plans to transfer over 20 homes to American Home REIT, aiming to increase its holdings to over 100 homes by year's end. The company's flagship projects have delivered 750 homes so far, with plans for future developments.

Alset EHome International Inc. (NASDAQ:AEI) has completed an underwritten public offering of 5,324,139 shares at $2.12 each, raising approximately $32 million in gross proceeds. The offering also includes pre-funded warrants for 9,770,200 shares at $2.11 each, with an exercise price of $0.01. If the underwriters exercise their 45-day over-allotment option, total proceeds could reach $36.8 million. The offering was conducted under an effective registration statement filed with the SEC. Alset continues its focus on developing real estate projects in the U.S.

Alset EHome International Inc. conducted a follow-on offering, raising $32 million through the issuance of common stock and pre-funded warrants. The offering, managed by Aegis Capital Corp., aims to bolster the company's financial strength in residential property development. Alset currently focuses on two major projects in Texas and Maryland, having delivered over 750 homes. The proceeds from this offering are expected to enhance operational capabilities and support future growth initiatives.

Alset EHome International Inc. (NASDAQ:AEI) announced a public offering of 6,434,139 shares of common stock priced at $2.12 per share, aiming to raise approximately $32 million. Additionally, the company offered pre-funded warrants for 8,660,200 shares at $2.11 each, with an exercise price of $0.01 per share. If the underwriters exercise their option for over-allotments, gross proceeds could reach $36.8 million. Closing is expected on July 30, 2021.

Alset EHome International (NASDAQ: AEI) has entered into a Sales of Goods Agreement with Puradigm LLC to integrate innovative air and surface purification technology into its eco-friendly EHomes communities. Puradigm's patented technology effectively neutralizes pathogens, including SARS-CoV-2, ensuring healthier living environments. The results from studies indicate significant efficacy in pathogen reduction, with over 97% inactivation of SARS-CoV-2 within four hours. The company is targeting to deliver 100 Ehomes in Houston by 2021.

Alset EHome International Inc. (NASDAQ: AEI) announces that its indirect associate, American Medical REIT (AMRE), completed the acquisition of Ivy Brook Medical Center in Shelton, Connecticut. This 40,000 square foot facility is expected to establish a strong presence in the medical REIT market. AMRE is also pursuing additional acquisitions in Texas and Pennsylvania, targeting rental yields of 7-9% and quarterly dividends up to 8%. The management team, experienced in medical real estate, aims for substantial growth and potential global listings.

Alset EHome International Inc. (AEI) announced the seeding of its American Home REIT Inc. (AHR) with 20 single-family rental homes, all currently occupied. The company aims to expand AHR's portfolio to over 100 homes by year-end 2021.

AHR seeks high-yielding properties with a targeted capitalization rate of 5% and plans to pay a quarterly dividend yield of up to 8%. The CEO emphasized AHR's role in scaling operations and establishing a sustainable living ecosystem.

AHR also plans future dual listing on U.S. and Singapore stock exchanges.

Alset EHome International Inc. (NASDAQ:AEI) announced the appointment of Tung Moe Chan as co-CEO, effective July 1, 2021. Chan, who brings extensive experience from various leadership roles within the company and subsidiaries, aims to enhance operational continuity as the company pursues opportunities in Ehome development and related sectors. His background includes significant positions in companies listed on major stock exchanges and a strong educational foundation in business and engineering. The firm focuses on creating a global healthy living ecosystem while aiming for substantial growth and profitability.