Business
Alset AI Announces Closing of Shares for Debt Transaction
VANCOUVER, BC / ACCESS Newswire / March 13, 2026 /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 ...
About this update from Alset Ai Ventures Inc
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 13, 2026 / 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 shares for debt transaction pursuant to debt settlement agreements dated January 4, 2026 (the "Debt Settlement Transaction"). The Debt Settlement Transaction was completed through the issuance of an aggregate of 3,475,646 common shares in the capital of the Company (each, a "Common Share") at a deemed price of $0.055 per Common Share in full and final satisfaction of $191,160.37 of accrued and unpaid fees for consulting and additional services rendered by certain arm's length creditors of the Company.","length":907,"tagName":"p"},{"type":"text","content":"2,833,647 Common Shares issued pursuant to the Debt Settlement Transaction are subject to a statutory hold period until July 14, 2026, being the date that is four months and one day from the date of issuance. 641,999 Common Shares issued pursuant to the Debt Settlement Transaction are not subject to a restricted period.","length":321,"tagName":"p"},{"type":"text","content":"The Debt Settlement Transaction was completed in order to preserve funds for the Company's operations and improve its balance sheet.","length":136,"tagName":"p"},{"type":"text","content":"About Alset AI Ventures Inc.","length":28,"tagName":"p"},{"type":"text","content":"Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.","length":312,"tagName":"p"},{"type":"text","content":"For further information about Alset AI Ventures Inc., please contact:","length":69,"tagName":"p"},{"type":"text","content":"Investor RelationsAdam IngraoChief Executive OfficerT: 236.312.6744E: [email protected]","length":88,"tagName":"p"},{"type":"text","content":"Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the pol...