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