HWH International Inc. Faces Delisting Concerns
Ticker: HWH · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1897245
| Field | Detail |
|---|---|
| Company | Hwh International INC. (HWH) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $1 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, regulatory
TL;DR
HWH International Inc. is on the verge of being delisted, big trouble for shareholders.
AI Summary
HWH International Inc. filed an 8-K on September 9, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company was formerly known as Alset Capital Acquisition Corp. and changed its name on December 3, 2021. The filing indicates potential issues with its continued listing on an exchange.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from trading, impacting investors.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- HWH International Inc. (company) — Registrant
- Alset Capital Acquisition Corp. (company) — Former company name
- December 3, 2021 (date) — Date of name change
- September 4, 2024 (date) — Earliest event date reported
- September 9, 2024 (date) — Date of report
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.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 4, 2024.
What was HWH International Inc. previously named?
HWH International Inc. was previously named Alset Capital Acquisition Corp.
On what date did the company change its name?
The company changed its name on December 3, 2021.
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a notice of delisting or failure to satisfy a continued listing rule or standard.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-09-09 16:15:25
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share HWH The Nasdaq
- $1 — mpany's bid price was below the minimum $1 required for continued listing on the N
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-035473.txt ( ) — 208KB
- hwh-20240904.xsd (EX-101.SCH) — 3KB
- hwh-20240904_lab.xml (EX-101.LAB) — 33KB
- hwh-20240904_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: September 9, 2024 HWH INTERNATIONAL INC. By: /s/ Rongguo Wei Name: Rongguo Wei Title: Chief Financial Officer