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Alset AI (OTC:GPUSD) announced a shares-for-debt transaction dated May 5, 2026 to settle $592,800 of creditor claims by issuing 3,592,727 common shares at $0.165 per share. The transaction is subject to TSX Venture Exchange approval and shares carry a four-month-plus-one-day hold period.
The board says the exchange preserves cash, improves the balance sheet and helps manage financial resources.