Alset AI Announces Closing of Shares for Debt Transaction
Rhea-AI Summary
Alset AI (OTC:GPUSF) closed a shares-for-debt transaction on March 13, 2026, issuing 3,475,646 common shares at a deemed price of $0.055 per share to settle $191,160.37 of accrued fees.
The issuance included 2,833,647 shares subject to a statutory hold until July 14, 2026 and 641,999 shares without restrictions. The company said the transaction preserves cash for operations and improves its balance sheet.
Positive
- Issued 3,475,646 shares to satisfy $191,160.37 of accrued fees
- Preserved cash for operations by settling fees in stock rather than cash
- 2,833,647 shares are locked until July 14, 2026, limiting immediate free-float increase
Negative
- Share issuance at $0.055 dilutes existing shareholders' ownership
- 641,999 newly issued shares are immediately tradable, increasing short-term float
News Market Reaction – GPUSF
In the Mar 16 session, GPUSF gained 1.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / March 13, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has closed its previously-announced shares for debt transaction pursuant to debt settlement agreements dated January 4, 2026 (the "Debt Settlement Transaction"). The Debt Settlement Transaction was completed through the issuance of an aggregate of 3,475,646 common shares in the capital of the Company (each, a "Common Share") at a deemed price of
2,833,647 Common Shares issued pursuant to the Debt Settlement Transaction are subject to a statutory hold period until July 14, 2026, being the date that is four months and one day from the date of issuance. 641,999 Common Shares issued pursuant to the Debt Settlement Transaction are not subject to a restricted period.
The Debt Settlement Transaction was completed in order to preserve funds for the Company's operations and improve its balance sheet.
About Alset AI Ventures Inc.
Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including, but not limited to, statements with respect to the strategic direction and business plans of the Company, including its ability to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire