AEI - Alset plummets on pricing $3.8M underwritten public offering of common stock

• Alset ( NASDAQ: AEI ) has priced an underwritten public offering of 1,727,273 shares of common stock at a price of $2.20/share with gross proceeds expected to be $3.8M.
• The underwriters have been granted a 45-day option to purchase up to an additional 212,863 shares of common stock.
• The company intends to use the net proceeds from this offering for general working capital.
• The closing of the offering is expected to occur on February 8, 2023.
• Shares are trading down 33% .

For further details see: