Alset Capital Inc. Announces Effective Date of Name Change to Alset AI Ventures Inc. and Updated Investment Policy
Alset Capital Inc. has announced a corporate name change to Alset AI Ventures Inc., effective August 23, 2024. The company's trading symbol on the TSX Venture Exchange will change to GPUS, while symbols on OTC Markets and Frankfurt Stock Exchange remain unchanged. This rebranding reflects Alset's intensified focus on the AI sector.
Concurrently, Alset has updated its Investment Policy to primarily target the technology industry, emphasizing artificial intelligence. The company aims to build a portfolio of emerging companies advancing full-stack AI solutions, including AI services, software, GPU hardware, and data centers. Alset will invest in both early-stage startups and established ventures, providing financial and strategic guidance.
Alset Capital Inc. ha annunciato un cambio di nome aziendale in Alset AI Ventures Inc., con effetto dal 23 agosto 2024. Il simbolo di scambio della società sulla TSX Venture Exchange cambierà in GPUS, mentre i simboli sui mercati OTC e sulla Borsa di Francoforte rimarranno invariati. Questo rebranding riflette il crescente focus di Alset sul settore dell'IA.
Contemporaneamente, Alset ha aggiornato la sua Politica di Investimento per mirare principalmente all'industria tecnologica, con un'enfasi sull'intelligenza artificiale. L'azienda mira a costruire un portafoglio di aziende emergenti che sviluppano soluzioni di AI full-stack, inclusi servizi di IA, software, hardware GPU e centri dati. Alset investirà sia in startup in fase iniziale che in imprese consolidate, fornendo supporto finanziario e strategico.
Alset Capital Inc. ha anunciado un cambio de nombre corporativo a Alset AI Ventures Inc., efectivo el 23 de agosto de 2024. El símbolo de negociación de la compañía en la TSX Venture Exchange cambiará a GPUS, mientras que los símbolos en los mercados OTC y en la Bolsa de Frankfurt permanecerán sin cambios. Este cambio de marca refleja el enfoque intensificado de Alset en el sector de la IA.
Simultáneamente, Alset ha actualizado su Política de Inversiones para apuntar principalmente a la industria tecnológica, enfatizando la inteligencia artificial. La compañía tiene como objetivo construir un portafolio de empresas emergentes que avancen en soluciones de IA full-stack, incluidos servicios de IA, software, hardware GPU y centros de datos. Alset invertirá tanto en startups en etapa temprana como en empresas consolidadas, proporcionando orientación financiera y estratégica.
Alset Capital Inc.는 법인명 변경을 Alset AI Ventures Inc.로 발표하며, 이는 2024년 8월 23일부터 시행됩니다. 회사의 TSX 벤처 거래소에서의 거래 심볼은 GPUS로 변경되며, OTC 마켓과 프랑크푸르트 증권 거래소의 심볼은 변경되지 않습니다. 이러한 리브랜딩은 Alset의 AI 분야에 대한 집중을 반영합니다.
동시에 Alset은 주로 인공지능을 강조하며 기술 산업을 대상으로 하는 투자 정책을 업데이트했습니다. 이 회사는 AI 서비스, 소프트웨어, GPU 하드웨어 및 데이터 센터를 포함한 전방위 AI 솔루션을 발전시키는 신생 기업들의 포트폴리오를 구축하는 것을 목표로 하고 있습니다. Alset은 초기 단계 스타트업과 이미 확립된 벤처 모두에 투자하여 재정적 및 전략적 지침을 제공할 것입니다.
Alset Capital Inc. a annoncé un changement de nom d'entreprise pour Alset AI Ventures Inc., effectif à partir du 23 août 2024. Le symbole de négociation de la société sur la TSX Venture Exchange changera pour GPUS, tandis que les symboles sur les marchés OTC et la Bourse de Francfort resteront inchangés. Ce rebranding reflète l'accent accru d'Alset sur le secteur de l'IA.
Simultanément, Alset a mis à jour sa Politique d'Investissement pour cibler principalement l'industrie technologique, en mettant l'accent sur l'intelligence artificielle. L'entreprise vise à constituer un portefeuille d'entreprises émergentes développant des solutions AI full-stack, y compris des services AI, des logiciels, du matériel GPU et des centres de données. Alset investira à la fois dans des startups en phase de démarrage et dans des entreprises établies, offrant des conseils financiers et stratégiques.
Alset Capital Inc. hat eine Änderung des Unternehmensnamens in Alset AI Ventures Inc. bekanntgegeben, die am 23. August 2024 in Kraft tritt. Das Handelssymbol des Unternehmens an der TSX Venture Exchange wird auf GPUS geändert, während die Symbole an den OTC-Märkten und an der Frankfurter Börse unverändert bleiben. Dieses Rebranding spiegelt Alsets verstärkten Fokus auf den KI-Sektor wider.
Gleichzeitig hat Alset seine Investitionspolitik aktualisiert, um sich hauptsächlich auf die Technologiebranche zu konzentrieren und künstliche Intelligenz zu betonen. Das Unternehmen zielt darauf ab, ein Portfolio von aufstrebenden Unternehmen aufzubauen, die Full-Stack-AI-Lösungen entwickeln, einschließlich KI-Diensten, Software, GPU-Hardware und Rechenzentren. Alset wird sowohl in junge Startups als auch in etablierte Unternehmen investieren und finanzielle sowie strategische Unterstützung bieten.
- Rebranding to Alset AI Ventures Inc. signals a strategic shift towards the AI sector
- Updated Investment Policy focuses on the rapidly growing artificial intelligence industry
- New trading symbol GPUS on TSX Venture Exchange may increase visibility in the AI market
- None.
VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Alset Capital Inc. (TSXV:KSUM)(OTC PINK:ALSCF)(FSE:1R60)(WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce a corporate name change from "Alset Capital Inc." to "Alset AI Ventures Inc." effective August 23, 2024 (the "Name Change"). Concurrently, the Company's trading symbol on the TSX Venture Exchange will change to "GPUS". The Company's trading symbols on the OTC Markets (OTC Pink) and Frankfurt Stock Exchange (FSE) will remain unchanged.
The Company's common shares will begin trading on the TSX Venture Exchange under the new name and trading symbol on August 23, 2024. The new CUSIP number for the Company's common shares will be 021155106, and the new ISIN number will be CA0211551068. The share capital of the Company will remain unchanged.
"The name and symbol changes represent an inflection point for the Company as we intensify our focus on the rapidly evolving AI sector," said Morgan Good, CEO of Alset. "Rebranding as Alset AI Ventures Inc., with the new ticker GPUS, highlights our strategic dedication to innovation and growth within this dynamic industry. We believe that this new identity, along with our updated Investment Policy, better aligns with the Company's vision and future direction."
The Company believes that this name change better aligns with its strategic commitment to building a portfolio of emerging companies that are advancing full-stack AI solutions, including AI services, AI software, AI GPU hardware, and AI data centers.
Alset remains dedicated to supporting AI companies that demonstrate breakthrough technologies, robust business models, and exceptional leadership. The Company invests in both early-stage startups and established ventures, providing the financial and strategic guidance necessary to thrive in today's dynamic AI ecosystem. Its vision is to cultivate a diverse portfolio of full-stack AI offerings that drive innovation and growth.
Updated Investment Policy to Focus on Artificial Intelligence
The Company is also pleased to announce that it has amended and updated its Investment Policy to provide that its investments shall be primarily focused in the technology industry with an emphasis on artificial intelligence. The Company and its Board of Directors have determined that it is in the best interests of the Company to update its Investment Policy and believes that the updated Investment Policy better aligns with the Company's strategic goals, objectives, and ultimate vision.
To view the Company's updated Investment Policy, please visit its website at alsetai.com.
On behalf of Alset Capital Inc.
"Morgan Good"
Morgan Good
Chief Executive Officer
About Alset Capital Inc.
Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.
Alset Capital Inc.'s investment portfolio comprises
For further information about Alset Capital Inc., please contact:
Morgan Good, CEO and Director
T: 604.715.4751
E: morgan@alsetai.com
Cautionary Note regarding Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "subject to", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include statements with respect to receiving regulatory and exchange approvals with respect to the Name Change. Forward-looking statements are based on assumptions, but the actual results may be materially different from any future expectations expressed or implied by the forward-looking statements. The forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including, but not limited to, the equity markets generally and a failure to obtain the necessary approvals from the TSX Venture Exchange. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Alset Capital Inc.
View the original press release on accesswire.com
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