Alset inc. prices $3.8 million underwritten public offering of common stock

Bethesda, md / accesswire / february 6, 2023 / alset inc. (nasdaq:aei) (the "company" or "aei"), a diversified company engaged through its subsidiaries in the development of ehome communities and other real estate, financial services, digital transformation technologies, biohealth activities and consumer products with operations in the united states, singapore, hong kong and south korea, today announced the pricing of an underwritten public offering with gross proceeds to the company expected to be $3.8 million, before deducting underwriting discounts and other estimated expenses payable by the company. the offering consists of 1,727,273 shares of common stock (the "offering") at a price of $2.20 per share.
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