Current Report Filing (8-k)
15 December 2021 - 9:26AM
Edgar (US Regulatory)
0001750106
false
0001750106
2021-12-08
2021-12-08
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 8, 2021
ALSET
EHOME INTERNATIONAL INC.
|
(Exact
name of registrant as specified in its charter)
|
Delaware
|
|
001-39732
|
|
83-1079861
|
(State
of incorporation or
organization)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
4800
Montgomery Lane, Suite 210
Bethesda,
Maryland 20814
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (301) 971-3940
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
|
|
Trading
Symbol(s)
|
|
Name
of Each Exchange on Which Registered
|
Common stock, $0.001 par
value
|
|
AEI
|
|
The Nasdaq Stock Market
LLC
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01. Other Events.
On
December 8, 2021, Alset EHome International, Inc. (the “Company”) consummated the previously-announced public offering (the
“Offering”) of (i) 18,923,334 shares of common stock, par value $0.001 per share (the “Common Stock”), at a price
to the public of $0.60 per share of Common Stock and (ii) 31,076,666 pre-funded warrants (the “Pre-funded Warrants”) to purchase
31,076,666 shares of Common Stock, at a price to the public of $0.599 per Pre-funded Warrant. Mr. Chan Heng Fai, the Chairman of the
Company’s Board of Directors and Chief Executive Officer, purchased $4.4 million of shares of Common Stock in the Offering on the
same terms as the shares were offered.
On
December 14, 2021, the Company consummated the sale of an additional 7,500,000 shares of Common Stock, representing 15% of the shares
of common stock and the shares underlying the Pre-funded Warrants sold in the offering, that were subject to the underwriters’
over-allotment option at a price of $0.60 per share, generating gross proceeds of $4,500,000.
On
December 8, 2021 the Company issued a press release announcing the completion of the Offering. A copy of the press release is attached
as Exhibit 99.1 to this current Report on Form 8-K and is incorporated herein by reference.
On
December 14, 2021, the Company issued a press release announcing the Exercise and Closing of Underwriter’s Over-Allotment Option.
A copy of the press release is attached as Exhibit 99.2 to this current Report of Form 8-K and is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
ALSET EHOME INTERNATIONAL INC.
|
|
|
|
Date: December 14, 2021
|
By:
|
/s/ Rongguo
Wei
|
|
Name:
|
Rongguo Wei
|
|
Title:
|
Co-Chief Financial Officer
|
Alset (NASDAQ:AEI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alset (NASDAQ:AEI)
Historical Stock Chart
From Apr 2023 to Apr 2024