Business
Alset AI Announces Closing of Non-Brokered Private Placement Offering With Strategic Investors
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR PUBLICATION, RELEASE OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / December 23, 2025 /Alset ...
About this update from Alset Ai Ventures Inc
[{"type":"text","content":"THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR PUBLICATION, RELEASE OR DISSEMINATION IN THE UNITED STATES.","length":187,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 23, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company"),an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has closed its previously-announced non-brokered private placement offering of 12,727,272 units of the Company (each, a "Unit") at an issue price of $0.055 per Unit for aggregate gross proceeds to the Company of approximately $700,000 (the "Offering").","length":616,"tagName":"p"},{"type":"text","content":"Each Unit issued under the Offering consists of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share (each, a "Warrant Share") at an exercise price of C$0.10 per Warrant Share until December 23, 2027.","length":431,"tagName":"p"},{"type":"text","content":"As previously disclosed, the net proceeds from the Offering are intended to be used to accelerate the commercialization of the Company's cloud compute business, including funding customer acquisition through sales and marketing activities and advancing near-term revenue milestones, and for working capital and general corporate purposes.","length":342,"tagName":"p"},{"type":"text","content":"Adam Ingrao, CEO of Alset AI, stated: "We are very pleased to have closed this non-brokered private placement with strategic investors who share our vision for the future of AI-driven cloud computing solutions. The proceeds will accelerate our commercialization efforts, strengthen our customer acquisition initiatives, and position Alset AI to deliver revenue growth."","length":379,"tagName":"p"},{"type":"text","content":"The Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exempt...