HWH International Inc. Faces Delisting Concerns
Ticker: HWH · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1897245
Sentiment: bearish
Topics: delisting, listing-rule-violation, company-name-change
TL;DR
HWH International Inc. is on the verge of being delisted, major red flag!
AI Summary
HWH International Inc. filed an 8-K on August 29, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The filing indicates a potential transfer of listing, with the earliest event reported as August 27, 2024. The company was formerly known as Alset Capital Acquisition Corp. until December 3, 2021.
Why It Matters
This filing signals potential instability for HWH International Inc. on its current exchange, which could impact investor confidence and stock liquidity.
Risk Assessment
Risk Level: high — The company is facing potential delisting from its stock exchange, indicating significant financial or compliance issues.
Key Players & Entities
- HWH International Inc. (company) — Registrant
- Alset Capital Acquisition Corp. (company) — Former company name
- August 27, 2024 (date) — Earliest event date
- August 29, 2024 (date) — Filing date
- December 3, 2021 (date) — Date of name change
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 it has received a notice of delisting or failure to meet continued listing requirements.
What is the nature of the 'transfer of listing' mentioned in the filing?
The filing mentions a 'Transfer of Listing' as an item of information, but does not provide details on whether this is a voluntary move, a consequence of delisting, or a transfer to a different exchange.
When was HWH International Inc. previously known as Alset Capital Acquisition Corp.?
HWH International Inc. was formerly known as Alset Capital Acquisition Corp. until December 3, 2021.
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.
What is the SIC code for HWH International Inc.?
The Standard Industrial Classification (SIC) code for HWH International Inc. is 5122, which corresponds to Wholesale - Drugs, Proprietaries & Druggists' Sundries.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-29 16:30:31
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share HWH The Nasdaq
- $15,000,000 — the "MVPHS") had been below the minimum $15,000,000 required for continued listing as set f
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-034392.txt ( ) — 208KB
- hwh-20240827.xsd (EX-101.SCH) — 3KB
- hwh-20240827_lab.xml (EX-101.LAB) — 33KB
- hwh-20240827_pre.xml (EX-101.PRE) — 24KB
- 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: August 29, 2024 HWH INTERNATIONAL INC. By: /s/ Rongguo Wei Name: Rongguo Wei Title: Chief Financial Officer