false
0001750106
0001750106
2025-09-29
2025-09-29
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 29, 2025
ALSET
INC.
(Exact
name of registrant as specified in its charter)
| Texas |
|
001-39732 |
|
83-1079861 |
(State
or other
jurisdiction
of incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
| 4800
Montgomery Lane |
|
|
| Suite
210 |
|
|
| Bethesda,
Maryland 20814 |
|
20814 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (301) 971-3940
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Ticker
symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock, $0.001 par value per share |
|
AEI |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
7.01 Regulation FD Disclosure
Amendment
to Share Repurchase Agreement
On
September 29, 2025, the Board of Directors (the “Board”) of Alset Inc. (the “Company”) approved an increase to
the Company’s existing stock repurchase program. Under the Company’s existing stock repurchase agreement, the Company has
bought back 284,462 shares of the Company’s common stock, for approximately $392,000, including certain fees. The
amendment to the stock repurchase program authorizes the Company to repurchase up to an additional $1,000,000 of the Company’s
common stock, subject to market conditions, contractual restrictions and other factors (in addition to the amounts already spent).
Repurchases
may be made under the plan until the $1,000,000 made available is spent or until December 31, 2025.
The
Company has authorized its broker to implement this repurchase program and agreed that such broker will have complete discretion and
control over the repurchase decisions within certain agreed pricing and size parameters, however, the repurchase program may be suspended
or discontinued at any time. The Company’s proposed repurchases may be made from time to time on the open market and in accordance
with applicable rules and regulations. The timing and actual number of shares repurchased will depend on a variety of factors, including
price, business and market conditions.
The
Company has 39,117,324 shares of common stock outstanding as of September 29, 2025.
This
information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
Act whether made before or after the date of this Current Report on Form 8-K, except as shall be expressly set forth by specific reference
in such a filing.
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This
Current Report on Form 8-K (this “Report”) contains forward-looking statements regarding, among other things, our future
operating results and financial position, our business strategy, and other objectives for our future operations. The words “anticipate,”
“believe,” “intend,” “expect,” “may,” “estimate,” “predict,”
“project,” “potential” and similar expression are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words. We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends that we believe may affect our business, financial condition and
results of operations. There are a number of important risks and uncertainties that could cause our actual results to differ materially
from those indicated by forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our
forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could
differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Our forward-looking
statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments that
we may make.
You
should read this Report completely and with the understanding that our
actual future results may be materially different from what we expect. The forward-looking statements contained in this Report are made
as of the date of this Report, and we do not assume any obligation to update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by applicable law.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| |
|
|
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
ALSET
INC. |
| |
|
|
| Dated:
September 30, 2025 |
By: |
/s/
Rongguo Wei |
| |
Name: |
Rongguo
Wei |
| |
Title: |
Co-Chief
Financial Officer |
