Current Report Filing (8-k)
21 January 2022 - 12:58AM
Edgar (US Regulatory)
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0001750106
2022-01-17
2022-01-17
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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): January 17, 2022
ALSET
EHOME INTERNATIONAL INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
001-39732
|
|
83-1079861
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
4800
Montgomery Lane
Suite
210
Bethesda,
Maryland 20814
|
|
20814
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (301) 971-3940
Not
Applicable
(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)
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|
|
☐
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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))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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|
Ticker
symbol(s)
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Name
of each exchange on which registered
|
Common
Stock, $0.001 par value per share
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AEI
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The
Nasdaq Stock Market LLC
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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
1.01. Entry into a Material Definitive Agreement.
On
January 17, 2022, Alset EHome International Inc. (the “Company”) entered into a securities purchase agreement with
Heng Fai Ambrose Chan, its Chairman, Chief Executive Officer and largest shareholder, pursuant to which the Company purchased from Mr.
Chan 293,428,200 ordinary shares of Alset International Limited (“AI”) for a purchase price of 29,468,977 newly issued shares
of the Company’s common stock (the “Company Shares”).
Also
on January 18, 2022, the Company entered into a stock purchase agreement with DSS, Inc. (“DSS”) pursuant to which the Company
sold 877,248,065 ordinary shares of AI to DSS for a purchase price of 59,979,582 newly issued shares of DSS’s common stock.
Also
on January 18, 2022, the Company entered into a stock purchase agreement with DSS, pursuant to which it sold its wholly owned
subsidiary True Partner International Limited (HK) (“TP”), and all of TP’s 62,122,908 ordinary shares of True Partner
Capital Holding Limited, to DSS for a purchase price of 11,397,080 newly issued shares of DSS’s common stock.
The
closing of the transaction with Mr. Chan is subject to approval of Nasdaq and the Company’s stockholders, and the closing of the
transactions with DSS are subject to approval of the NYSE and DSS’s stockholders. Following the closings, the Company will own
55.52% of DSS, 60.25% of AI and 0% of TP, as compared to the 15.24%, 85.36% and 100% current ownership of these entities, respectively.
In
addition to the Company's current and potential ownership of DSS described above, certain majority-owned subsidiaries of the Company
currently own approximately 9.70% of DSS, and following the closing of the transactions described herein, will own approximately 5.12%
of DSS.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
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ALSET EHOME INTERNATIONAL INC.
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Dated:
January 20, 2022
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By:
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/s/
Rongguo Wei
|
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Name:
|
Rongguo
Wei
|
|
Title:
|
Co-Chief
Financial Officer
|
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