HWH International Inc. Faces Delisting Concerns
Ticker: HWH · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1897245
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
HWH International Inc. might be getting delisted, watch out.
AI Summary
HWH International Inc. (formerly Alset Capital Acquisition Corp.) filed an 8-K on March 11, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The filing indicates a potential transfer of listing, with the earliest event reported on March 7, 2024.
Why It Matters
This filing signals potential issues with HWH International Inc.'s compliance with stock exchange listing requirements, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe stock price declines and reduced liquidity.
Key Players & Entities
- HWH International Inc. (company) — Registrant
- Alset Capital Acquisition Corp. (company) — Former company name
- March 7, 2024 (date) — Date of earliest event reported
- March 11, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 001-41254 (identifier) — Commission File Number
FAQ
What specific listing rule or standard has HWH International Inc. failed to satisfy?
The filing does not specify the exact rule or standard that HWH International Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the significance of the 'Transfer of Listing' mentioned in the filing?
The mention of 'Transfer of Listing' suggests that the company may be moving its listing to a different stock exchange or market, possibly as a consequence of failing to meet the current exchange's requirements.
When was HWH International Inc. formerly known as Alset Capital Acquisition Corp.?
The company's name was changed from Alset Capital Acquisition Corp. to HWH International Inc. on December 3, 2021.
What is the primary business of HWH International Inc. according to the filing?
HWH International Inc. is classified under Standard Industrial Classification 5122, which is WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES.
What is the principal executive office address for HWH International Inc.?
The principal executive offices of HWH International Inc. are located at 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2024-03-11 17:15:14
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share HWH The Nasdaq
- $50 million — Nasdaq rules) was below the minimum of $50 million required for continued listing on the N
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-009592.txt ( ) — 207KB
- acax-20240307.xsd (EX-101.SCH) — 3KB
- acax-20240307_lab.xml (EX-101.LAB) — 33KB
- acax-20240307_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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. Date: March 11, 2024 HWH INTERNATIONAL INC. By: /s/ Rongguo Wei Name: Rongguo Wei Title: Chief Financial Officer