HWHGeneral
UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction The following unaudited pro forma condensed combined financial statements of HWH International Inc. present the combination of the historical fina
HWH International Inc. has released unaudited pro forma condensed combined financial statements reflecting the historical financial information of the company. These statements include adjustments in relation to the recent sale of a 70% stake in its subsidiary, Alset F&B One Pte. Ltd., for approximately $170,754 U.S. Dollars. The pro forma statements serve as an illustrative representation of the company's financial condition post-sale but are not indicative of actual results. The company continues to own a 20% stake in Alset F&B One post-transaction.
Read more →HWHGeneral
HWH International Inc. Announces Reverse Stock Split BETHESDA, MD
HWH International Inc. has announced a 1-for-5 reverse stock split, effective February 24, 2025, to ensure compliance with Nasdaq's minimum bid price requirements. The company's shares will continue to trade under the current symbol 'HWH.' Following the split, stockholders holding fractional shares will receive cash payments equivalent to their fractional interests. This decision was approved by the Company's stockholders and Board of Directors on January 16, 2025.
Read more →HWHGeneral
ALSET CAPITAL ACQUISITION CORP. BALANCE SHEETS (Unaudited) August 31
Alset Capital Acquisition Corp.'s unaudited balance sheets as of August 31, 2023, reveal a significant decline in total assets to $22.08 million, down from $89.30 million a year earlier. The company recorded a net loss of $176,025 for the three months ending August 31, 2023, contrasting with a net income of $122,132 from the same period in 2022. While investment income has risen for the nine months ending August 2023, the overall financial position is weakened by increasing accumulated deficits.
Read more →HWHGeneral
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than th
The United States Securities and Exchange Commission has received a proxy statement related to a proposed business combination involving HWH International Inc. and CAPITAL ACQUISITION CORP. This proxy supplement contains additional disclosures regarding newly established equity financing arrangements that will influence the share issuance during the business combination. The document emphasizes the importance of reviewing both this supplement and the definitive proxy statement for a comprehensive understanding of the implications of the proposal.
Read more →HWHGeneral
ALSET CAPITAL ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF SPECIAL MEETING OF STOCKHOLDERS Bethesda, MD
Alset Capital Acquisition Corp. announced the postponement of its special meeting of stockholders, originally set for July 25, 2023, to August 1, 2023. The meeting will still address the approval of Alset's business combination with HWH International, Inc. Additionally, the deadline for stockholders to submit their shares for redemption regarding the business combination has been extended to July 28, 2023. Despite the change in timing, there are no modifications to the meeting's proposals or venue.
Read more →HWHGeneral
Alset Capital Acquisition Corp. Announces Execution of Merger Agreement with HWH International Inc. Bethesda, MD / Accesswire /
Capital Acquisition Corp. Announces Execution of Merger Agreement
with HWH International Inc.
MD / Accesswire / September 12, 2022 / Alset Capital Acquisition Corp. (NASDAQ: ACAX) ("ACAX"), a special purpose acquisition
corporation sponsored by Alset Acquisition Sponsor LLC, a
Read more →HWHGeneral
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Directors of Alset Capital Acquisition Corp. Opinion on the Financial Statements We have audited the accompanying balance sheet of
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
the Shareholders and Board of Directors of
Capital Acquisition Corp.
on the Financial Statements
have audited the accompanying balance sheet of Alset Capital Acquisition Corp.( the "Company") as of February 3, 2022, and
the re
Read more →HWHGeneral
Alset Capital Acquisition Corp. Announces Pricing of $75,000,000 Initial Public Offering Bethesda, MD
Capital Acquisition Corp. Announces Pricing of $75,000,000 Initial Public Offering
MD - January 31, 2022 - Alset Capital Acquisition Corp. (the "Company") announced today that it priced its initial
public offering of $75,000,000, consisting of 7,500,000 units at $10.00 per unit
Read more →