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Alset ( NASDAQ: AEI ) intends to offer shares of its common stock in a firm commitment public offering.
Underwriter in the offering have a 45-day option to purchase up to an additional 15% of the ordinary shares offered in the offering at the public offering price, less underwriting discounts and commissions.
The company intends to use the net proceeds from this offering for general working capital.
The actual size or terms of the offering is not yet finalized.