Alset Inc. filings document regulatory disclosures for a diversified holding company with subsidiaries and investments across real estate, financial services, digital transformation technology, biohealth, consumer products and clean-energy transportation. Form 8-K reports cover material agreements, asset acquisitions and dispositions, subsidiary investment matters, stock repurchase programs, auditor changes, and capital-structure events.
Proxy materials describe annual meeting and shareholder voting matters, while capital-structure disclosures address common-stock issuances, convertible-note terms and conversions, financing arrangements, governance approvals, risk language, and ownership or security-structure matters tied to Alset's public-company status.
Alset Inc. (AEI) received majority-stockholder approval for a 1-for-5 reverse stock split, which the board may implement on or before October 5, 2027. The written consent was approved on October 5, 2026, and represented 35,198,409 shares, approximately 90.5% of outstanding common stock. No further stockholder vote or consent is requested.
If implemented, every five outstanding shares would become one, while authorized shares and the $0.001 par value would remain unchanged; the authorized but unissued share count would materially increase and be available for reissuance. The board retains discretion whether and when to proceed. The stated aim is compliance with Nasdaq’s requirement that the closing bid price be above $1.00 per share. Alset cautions that the split may not create a lasting price increase and could reduce liquidity or market capitalization. Holders otherwise entitled to fractional shares would receive cash based on the closing share price on the trading day before the effective date.
Alset Inc. asks stockholders to elect seven directors and vote on HTL International, LLC as its independent registered public accounting firm for the year ending December 31, 2026, executive compensation, and the frequency of future say-on-pay votes at its virtual annual meeting on December 3, 2026, at 9:00 a.m. Eastern Standard Time; no in-person meeting will be held. The board recommends voting for all nominees, auditor ratification and say-on-pay, and recommends a three-year frequency. The advisory votes are non-binding.
As of October 5, 2026, 38,895,830 common shares were outstanding; Chairman and Chief Executive Officer Chan Heng Fai beneficially owned 35,198,409 shares, or 90.5%. He was awarded 1,000,000 restricted shares on April 15, 2025, which could not be transferred before April 15, 2026. Alset incurred $495,000 in 2025 expenses under a consulting agreement with an entity owned by Chief Development Officer Charles MacKenzie. A $550,000 related-party receivable from Value Exchange International, owed to Alset International as of December 31, 2024, was written off at March 31, 2025.
Alset Inc. (AEI) stockholders holding 90.5% of outstanding common shares approved a 1-for-5 reverse stock split by written consent on October 5, 2026. If implemented, each five outstanding shares would become one share. The Board may choose whether and when to effect the split on or before October 5, 2027; it is not automatic.
The proposal is intended to support compliance with Nasdaq’s requirement that the closing bid price be above $1.00 per share. Authorized common shares would remain unchanged, so authorized but unissued shares would materially increase and be available for reissuance. Holders entitled to fractional shares would receive cash based on the Nasdaq closing price on the trading day before the effective time. No further stockholder vote or action is requested.
Alset Inc. is soliciting votes for its virtual 2026 annual meeting on December 3, 2026, on seven director nominees, ratification of HTL International, LLC as auditor for the year ending December 31, 2026, a non-binding advisory vote on fiscal 2025 executive compensation, and say-on-frequency. The Board recommends “FOR” all nominees and auditor ratification, “FOR” say-on-pay, and a three-year interval for say-on-pay votes. A quorum requires 35% of shares entitled to vote.
As of October 5, 2026, 38,895,830 common shares were outstanding. Chan Heng Fai, founder, Chairman and Chief Executive Officer, is listed as beneficially owning 35,198,409 shares, or 90.5%; 3,875,506 shares are held of record by HFE Holdings Limited, and 31,322,903 are directly held by Chan. HTL’s total fees for 2025 were $196,700, compared with $274,343 paid to Grassi for 2024. The Audit Committee may reconsider HTL even if stockholders ratify it as part of expense-reduction efforts.
Alset incurred $495,000 in 2025 expenses for consulting services from MacKenzie Equity Partners, LLC, an entity owned by Chief Development Officer Charles MacKenzie; the corresponding $360,000 for 2024 was capitalized as real estate.
Alset Inc. (AEI) entered into a securities purchase agreement with DSS, Inc. on September 15, 2026, under which Alset invested $500,000 to acquire a convertible promissory note and warrants for DSS common stock. The note bears 3% simple interest per year, is payable on demand, and may be converted into DSS common stock at $0.50 per share at any time prior to its five-year maturity. Alset also received warrants to purchase up to 8,000,000 shares of DSS common stock at an exercise price of $0.55 per share, expiring five years after issuance. Conversion of the note and exercise of the warrants are subject to DSS stockholder approval. Alset and DSS are related parties under the common control of Chan Heng Fai, and the transaction was approved by Alset’s Board and Audit Committee, with conflicted directors recusing themselves.
Alset Inc. (AEI) received a notice that its Chairman and Chief Executive Officer, Chan Heng Fai Ambrose, has filed to potentially sell shares of Alset common stock under Rule 144. The planned sale covers up to 380,000 shares of common stock, $0.001 par value, through Bank J. Safra Sarasin Ltd, Hong Kong Branch, with an aggregate market value of $604,200.00, and an approximate sale date of 08/26/2026 on the Nasdaq Stock Market.
The shares proposed for sale come from a prior stock award from Alset Inc., in which 1,000,000 shares were acquired on 04/15/2025 from the issuer as payment for services rendered. Alset reports that 38,895,830 shares of common stock were outstanding, providing context for the size of this potential sale.
Alset Inc. (AEI) is a diversified holding company focused on real estate (including single-family rental homes), digital transformation technology and biohealth, with extensive operations in the U.S. and Asia. For the six months ended June 30, 2026, it generated $1.97 million in revenue, primarily from rental activities, and reported a net loss attributable to common stockholders of $9.79 million, an improvement from a $16.55 million loss a year earlier.
Results were significantly affected by unrealized and realized losses on securities investments and equity-method investee losses, partly offset by foreign exchange gains and a $339,185 gain on extinguishment of debt. Cash and cash equivalents declined to $12.33 million from $25.18 million at year-end, with $9.17 million used in operating activities and $3.71 million used in investing activities.
Total assets were $124.94 million, including $29.08 million of rental real estate and $54.91 million of equity-method investments. Liabilities remained low at $2.81 million, and stockholders’ equity was $122.13 million. Management noted historical recurring losses initially raised substantial doubt about the company’s ability to continue as a going concern, but believes that doubt has been alleviated based on current liquidity and planned cash inflows.
Alset Inc. entered into a material definitive agreement with DSS, Inc. in which Alset loaned DSS $1,000,000 through a demand convertible promissory note bearing simple interest of 3% per year. Alset may convert principal and interest into DSS common stock at $0.45 per share any time before the note’s five-year maturity.
As part of the transaction, Alset will receive warrants to purchase up to 17,777,776 DSS common shares at an exercise price of $0.50 per share, expiring three years from issuance. Conversions under the note and exercises of the warrants require DSS stockholder approval. The companies are under common control through Alset’s Chairman and CEO, and multiple overlapping directors, so Alset’s board and audit committee approved the deal, with the two overlapping Alset directors recusing themselves.
HWH International Inc. reported an insider share purchase involving its largest affiliated holder. On June 8, 2026, Alset Inc., an entity controlled by Chairman and CEO Chan Heng Fai, bought 250,000 newly issued common shares at $2.00 per share under a Stock Purchase Agreement with the company. Following this transaction, Alset Inc. beneficially owns 5,261,719 shares of HWH common stock through direct and subsidiary holdings, while Mr. Chan also owns 1,002,600 shares personally.
Alset Inc. reported another quarterly loss but with signs of improvement for the three months ended March 31, 2026. Revenue was $980,778, slightly below the prior-year period, while the net loss attributable to common stockholders narrowed to $4,521,982, or $0.12 per share, compared with a loss of $8,333,477, or $0.78 per share, a year earlier.
Cash and cash equivalents were $21.48 million as of March 31, 2026, down from $25.29 million at year-end, with operating activities using $1.49 million of cash. Total assets stood at $131.74 million against modest total liabilities of $3.99 million, and management disclosed that earlier substantial doubt about the company’s ability to continue as a going concern has been alleviated based on current liquidity and plans.