4//SEC Filing
Alset International Ltd 4
Accession 0001493152-24-047521
CIK 0001897245other
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 9:50 PM ET
Size
11.2 KB
Accession
0001493152-24-047521
Insider Transaction Report
Form 4
Alset Inc.
10% Owner
Transactions
- Other
Common Stock
2024-11-20$0.63/sh+6,500,000$4,095,000→ 6,976,190 total - Other
Common Stock
2024-11-20$0.63/sh−6,500,000$4,095,000→ 9,958,347 total(indirect: See Footnote)
Alset International Ltd
10% Owner
Transactions
- Other
Common Stock
2024-11-20$0.63/sh−6,500,000$4,095,000→ 9,958,347 total(indirect: See Footnote) - Other
Common Stock
2024-11-20$0.63/sh+6,500,000$4,095,000→ 6,976,190 total
Footnotes (5)
- [F1]On September 26, 2024, Alset Inc. entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Alset International Limited. Pursuant to the Stock Purchase Agreement, Alset Inc. has purchased 6,500,000 shares (the "Shares") of HWH International Inc. (the "Issuer") from Alset International Limited. As consideration for the Shares, Alset Inc. issued a secured promissory note to Alset International Limited in the original principal amount of $4,095,000.00. The closing of the purchase of the Shares was contingent upon the satisfaction of certain closing conditions. The purchase closed on November 20, 2024.
- [F2]Alset Inc. owns 85.7% of Alset International Limited. Alset Inc. may be deemed to possess beneficial ownership of the shares of the Issuer owned by Alset International Limited.
- [F3]Following this transaction, Alset International Limited owns 9,958,347 shares of the Issuer's common stock. These shares are shown here as indirectly owned by Alset Inc.
- [F4]Following this transaction, 6,500,000 shares of Issuer's common stock that were previously included in the number of shares Alset Inc. owned indirectly are now included in the number of shares of Issuer's common stock that Alset Inc. owns directly. This transaction does not impact the total number of securities beneficially owned by Alset Inc. Alset Inc. now beneficially owns 19,264,692 shares of the Issuer's common stock, including 6,976,190 shares owned directly, 9,958,347 shares owned indirectly through Alset International Limited, and 2,330,155 shares owned indirectly through another majority owned subsidiary of Alset Inc., Alset Acquisition Sponsor, LLC.
- [F5]The Chairman, Chief Executive Officer and majority stockholder of Alset Inc., Chan Heng Fai, may also be deemed to possess beneficial ownership of shares of the Issuer owned by Alset Inc. Mr. Chan also owns 13,000 shares of the Issuer's common stock personally. This transaction has not impacted the number of shares of the Issuer's common stock owned by Mr. Chan.
Documents
Issuer
HWH International Inc.
CIK 0001897245
Entity typeother
IncorporatedSingapore
Related Parties
1- filerCIK 0001660984
Filing Metadata
- Form type
- 4
- Filed
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 9:50 PM ET
- Size
- 11.2 KB