HWH International together with Alset Capital Acquisition Corp. Announce Closing of Business Combination
09 1월 2024 - 2:20AM
Alset Capital Acquisition Corp. (“Alset”) (Nasdaq: “ACAX” for
common stock and “ACAXR” for rights), today announced the
completion of its previously announced business combination (the
“Business Combination”), with HWH International Inc. (“HWH”), a
purpose-driven lifestyle company encompassing differentiated
offerings from four core pillars: HWH Marketplace, Hapi Cafe, Hapi
Travel Destination and Hapi Wealth Builder. The common stock of the
combined company is expected to begin trading on The Nasdaq Global
Market (“Nasdaq”) under the new ticker symbol “HWH” on January 9,
2024. The Business Combination was approved at a special meeting of
Alset’s stockholders on August 1, 2023. Upon the closing of the
Business Combination, the previously-trading Class A common stock,
and rights of Alset ceased to trade with such rights entitling its
holder to receive such one-tenth (1/10) of one share of Alset Class
A common stock upon the closing of the Business Combination.
The Business Combination and related listing of
HWH’s common stock are anticipated to allow HWH to continue its
growth momentum in the rapidly growing GIG economy.
About HWH International
Inc.
HWH International Inc., a Nevada corporation, is
a purpose-driven lifestyle company encompassing differentiated
offerings from four core pillars: HWH Marketplace, Hapi Cafe, Hapi
Travel Destination and Hapi Wealth Builder. HWH develops new
pathways to help people in their pursuit of Health, Wealth and
Happiness.
About Alset Capital Acquisition Corp.
Alset is a special purpose acquisition company
formed for the purpose of entering a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization, or
other similar business combination with one or more businesses or
entities. Alset began trading on the Nasdaq Stock Market in
February 2022.
No Offer or Solicitation
This press release does not constitute an offer
to sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains, and certain oral
statements made by representatives of Alset, HWH, and their
respective affiliates, from time to time may contain,
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Alset and HWH’s actual results may differ from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“might” and “continues,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, statements regarding
commencement of trading on Nasdaq, the failure to realize the
anticipated benefits of the Business Combination, the expected use
of proceeds, HWH’s continued growth and expansion and its ability
to deliver value to customers and investors, along with those other
risks described under the heading “Risk Factors” in the definitive
proxy statement/prospectus filed by HWH with the Securities and
Exchange Commission (the “SEC”) on July 31, 2023, and those that
are included in any of HWH’s and Alset’s future filings with the
SEC. These forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside of the
control of HWH and Alset and are difficult to predict. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Each of Alset and HWH undertake no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
Contacts:
HWH International Inc.
Anthony S. ChanChief Operating OfficerHWH International Inc.4800
Montgomery Lane, Suite 210 Bethesda, MD 20814(301)
971-3955anthony@alsetinternational.com
Alset Capital Acquisition Corp.
Rongguo WeiChief Financial OfficerAlset Capital Acquisition
Corp.4800 Montgomery Lane, Suite 210 Bethesda, MD 20814(301)
971-3955ronald@alsetinternational.com
Alset Capital Acquisition (NASDAQ:ACAXU)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Alset Capital Acquisition (NASDAQ:ACAXU)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024