SHRG (SHRG) insiders report $310,000 in 0.006 convertible notes
Rhea-AI Filing Summary
Sharing Services Global Corp. (SHRG) insiders reported new convertible note investments in the company. The filing shows that on December 10, 2025, the issuer issued a $150,000 convertible promissory note to HWH International Inc., followed by additional notes of $40,000 on January 2, 2026 and $120,000 on January 8, 2026.
Each note is convertible into SHRG common stock at $0.006 per share, at HWH’s option, for three years from its issuance date. The notes therefore give HWH the right, but not the obligation, to take repayment in common shares instead of cash during that period.
The filing identifies HWH International Inc., Alset Inc. and Chan Heng Fai Ambrose as 10% owners. Mr. Chan is Chairman and CEO of both Alset Inc. and HWH International Inc., and the footnotes state that he has dispositive control over SHRG securities owned by HWH.
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FAQ
What insider transactions were reported in SHRG s latest Form 4?
The Form 4 reports that Sharing Services Global Corp. issued three convertible promissory notes to HWH International Inc. in the amounts of $150,000, $40,000, and $120,000 on December 10, 2025, January 2, 2026, and January 8, 2026, respectively.
What are the key terms of the SHRG convertible promissory notes reported?
Each note issued to HWH International Inc. is convertible into SHRG common stock at $0.006 per share, at HWH s option, until the three-year maturity date from each note s issuance.
Who are the reporting persons in the SHRG Form 4 filing?
The reporting persons are Chan Heng Fai Ambrose, HWH International Inc., and Alset Inc., each identified as a 10% owner of Sharing Services Global Corp.
How is Chan Heng Fai Ambrose related to HWH International Inc. and Alset Inc. in the SHRG filing?
The footnotes state that Mr. Chan is the Chairman, Chief Executive Officer and majority stockholder of Alset Inc. and the Chairman and Chief Executive Officer of HWH International Inc., which is a majority-owned subsidiary of Alset Inc.
Does Chan Heng Fai Ambrose have control over SHRG securities held by HWH International Inc.?
Yes. The footnotes state that Mr. Chan has dispositive control over the securities of Sharing Services Global Corp. owned by HWH International Inc.
What type of securities underlie the SHRG convertible promissory notes reported?
The notes are convertible into Sharing Services Global Corp. common stock at a conversion price of $0.006 per share during their three-year term.