HWH International Inc. Files 8-K on Agreements and Equity Sales
Ticker: HWH · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1897245
Sentiment: neutral
Topics: material-agreement, equity-sale, corporate-action
TL;DR
HWH Intl. (HWH) filed an 8-K detailing material agreements and equity sales. Formerly Alset Capital.
AI Summary
HWH International Inc. filed an 8-K on September 25, 2024, reporting on a material definitive agreement and unregistered sales of equity securities. The filing also includes financial statements and exhibits. The company was formerly known as Alset Capital Acquisition Corp. and changed its name on December 3, 2021.
Why It Matters
This filing provides updates on significant corporate actions, including material agreements and equity transactions, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and operational risks.
Key Players & Entities
- HWH International Inc. (company) — Registrant
- Alset Capital Acquisition Corp. (company) — Former company name
- September 24, 2024 (date) — Date of earliest event reported
- September 25, 2024 (date) — Date of report
- December 3, 2021 (date) — Date of name change
FAQ
What specific material definitive agreement was entered into by HWH International Inc.?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item information, but the specific details of the agreement are not provided in this excerpt.
What was the nature of the unregistered sales of equity securities?
The filing lists 'Unregistered Sales of Equity Securities' as an item information, but the specifics of these sales are not detailed in the provided text.
When did HWH International Inc. change its name from Alset Capital Acquisition Corp.?
HWH International Inc. changed its name from Alset Capital Acquisition Corp. on 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: 778 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-09-25 17:19:52
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share HWH The Nasdaq
- $300,000.00 — ve agreements, Alset Inc. shall convert $300,000.00 of the Company's debt into 476,190 shar
- $3,501,759.00 — set International Limited shall convert $3,501,759.00 of the Company's debt into 5,558,347 sh
- $0.63 — he debt conversion was fixed was set at $0.63 per share. Cumulatively, the newly issu
Filing Documents
- form8-k.htm (8-K) — 43KB
- ex10-1.htm (EX-10.1) — 20KB
- ex10-2.htm (EX-10.2) — 20KB
- 0001493152-24-038152.txt ( ) — 265KB
- hwh-20240924.xsd (EX-101.SCH) — 3KB
- hwh-20240924_lab.xml (EX-101.LAB) — 33KB
- hwh-20240924_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Debt Conversion Agreement, between HWH International Inc. and Alset Inc., dated September 24, 2024 10.2 Debt Conversion Agreement, between HWH International Inc. and Alset International Limited, dated September 24, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
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 25, 2024 HWH INTERNATIONAL INC. By: /s/ Rongguo Wei Name: Rongguo Wei Title: Chief Financial Officer