Alset AI Announces Shares for Debt Transaction

Alset AI plans to eliminate over $500,000 of debt by issuing new shares, subject to TSX Venture Exchange approval and resale restrictions.

Rhea-AI Summary

Alset AI Ventures (GPUSF) has entered into debt settlement agreements to clear a total of $511,179.80 owed to certain arm's length creditors, including obligations of its wholly-owned subsidiary Cedarcross International Technologies.

The company plans to settle this debt by issuing 3,098,059 common shares at a price of $0.165 per share, under written agreements that remain subject to TSX Venture Exchange approval. The board states that using shares preserves cash, improves the balance sheet, and supports prudent financial resource management. The new shares will be subject to a mandatory hold period of four months and one day from the date of issue under applicable securities laws.

Positive

• $511,179.80 of debt to arm's length creditors to be settled
• Debt converted into 3,098,059 shares preserves cash for operations
• Share issue price fixed at $0.165 per share under formal agreements

Negative

• Planned issuance of 3,098,059 new shares implies shareholder dilution
• Debt settlement remains subject to TSX Venture Exchange approval
• New shares face a four months and one day resale hold period

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC / ACCESS Newswire / September 21, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R61, WKN:A428RQ) ("AlsetAI" or the "Company"), announces that it has signed debt settlement agreements with certain arm's length creditors for a total amount of $511,179.80 representing debt owed to the creditors, including amounts owed by the Company's wholly-owned subsidiary, Cedarcross International Technologies Inc. The Company's board of directors believes that settling this debt through the issuance of Shares is in the best interest of the Company, as it allows it to preserve cash for its operations, improve its balance sheet, and support the overall need to manage its financial resources prudently.

In accordance with the terms of the debt settlement agreements (the "Debt Settlement"), the Company intends to settle this debt by issuing 3,098,059 common shares (the "Shares") at a price of $0.165 per Share. This Debt Settlement has been formalized in written agreements and remains subject to the approval of the TSX Venture Exchange. The Shares issued will be subject to a mandatory hold period of four months and one day from the date of issue, in accordance with applicable securities laws.

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 nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 Debt Settlement; and the strategic direction and business plans of the Company. 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How will Alset AI Ventures settle the $511,179.80 debt?

Alset AI intends to settle the $511,179.80 owed to certain arm's length creditors by issuing 3,098,059 common shares at a price of $0.165 per share under written debt settlement agreements.

What approvals and restrictions apply to the new shares issued for debt?

Completion of the Debt Settlement is subject to TSX Venture Exchange approval. The common shares issued will be subject to a mandatory hold period of four months and one day from the date of issue, in line with applicable securities laws.

Who are the creditors involved in Alset AI's debt settlement?

The debt settlement agreements are with certain arm's length creditors and cover amounts owed both by Alset AI and its wholly-owned subsidiary, Cedarcross International Technologies.

What rationale does the board give for using shares to settle the debt?

The board states that settling the debt through share issuance is in the company's best interest because it preserves cash for operations, improves the balance sheet, and supports the need to manage financial resources prudently.