HWH International Inc. Faces Delisting Concerns
Ticker: HWH · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1897245
Sentiment: bearish
Topics: delisting, listing-standards, compliance
TL;DR
HWH International Inc. is on the chopping block for delisting - big trouble ahead.
AI Summary
HWH International Inc. filed an 8-K on September 11, 2024, to report 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 the company's continued listing on the stock exchange.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the stock being removed from trading, impacting investors.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards indicates significant risk to the company's continued trading status.
Key Players & Entities
- HWH International Inc. (company) — Registrant
- Alset Capital Acquisition Corp. (company) — Former company name
- September 9, 2024 (date) — Earliest event reported
- September 11, 2024 (date) — Filing date
- December 3, 2021 (date) — Date of name change
FAQ
What specific rule or standard has HWH International Inc. failed to satisfy?
The filing is a notice of delisting or failure to satisfy a continued listing rule or standard, but the specific rule is not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 9, 2024.
What was HWH International Inc. previously named?
HWH International Inc. was formerly known as 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 provide notice of delisting or failure to satisfy a continued listing rule or standard.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-11 17:00:18
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share HWH The Nasdaq
- $50,000,000 — (the "MVLS") had been below the minimum $50,000,000 required for continued listing as set f
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-035819.txt ( ) — 207KB
- hwh-20240909.xsd (EX-101.SCH) — 3KB
- hwh-20240909_lab.xml (EX-101.LAB) — 33KB
- hwh-20240909_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 11, 2024 HWH INTERNATIONAL INC. By: /s/ Rongguo Wei Name: Rongguo Wei Title: Chief Financial Officer