Business
Alset EHome International Inc. Announces Exercise and Closing of Underwriter's Over-Allotment Option
BETHESDA, MD / ACCESSWIRE / December 14, 2021 / Alset EHome International Inc. (NASDAQ:AEI) ("AEI" or the "Company"), a diversified holding company
About this update from Alset Inc.
[{"type":"text","content":"BETHESDA, MD / ACCESSWIRE / December 14, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (\"AEI\" or the \"Company\"), a diversified holding company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, today announced that the underwriter of its previously announced underwritten public offering has exercised, in full, its option to purchase an additional 7,500,000 shares of common stock at a price of $0.60 per share. Total gross proceeds to the Company from the offering, including the funds received from the prior closing and exercise of this option, are approximately $34.5 million, before deducting underwriting discounts, commissions, and other offering expenses payable by the Company.Aegis Capital Corp. acted as the sole book-running manager for the offering.The offering was made pursuant to a registration statement on Form S-1 (File No. 333-261446) previously filed with and declared effective by the Securities and Exchange Commission (the \"SEC\"). A final prospectus and accompanying registration statement relating to the offering were filed with the SEC and are available on the SEC's website at www.sec.gov.A copy of the final prospectus and accompanying registration statement relating to the offering may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Alset EHome International Inc.Alset EHome International is a diversified holding company executing on its vision to accelerate sustainable healthy living with a focus on the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products. Through its operating subsidiaries, AEI's mission is to provide a healthy living ecosystem that dr...