Business
Alset EHome International Inc. Closes $32 Million Underwritten Public Offering of Common Stock and Pre-Funded Warrants
BETHESDA, MD / ACCESSWIRE / July 30, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the "Group" or "Company"), a diversified holding company principally
About this update from Alset Inc.
[{"type":"text","content":"BETHESDA, MD / ACCESSWIRE / July 30, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the \"Group\" or \"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 it has completed an underwritten public offering (the \"Offering\") of 5,324,139 shares (the \"Shares\") of common stock, par value $0.001 per share (\"Common Stock\"), at a price to the public of $2.12 per Share, and pre-funded warrants to purchase 9,770,200 shares of the Common Stock at a price of $2.11 per pre-funded warrant. The pre-funded warrants have an exercise price of $0.01 per share.The Company raised gross proceeds of approximately $32 million from the Offering, before deducting underwriting discounts and commissions and estimated Offering expenses. In addition, the Company granted the underwriters a 45-day option to purchase additional shares of Common Stock, representing up to 15% of the number of the Shares and the shares underlying the pre-funded warrants sold in the base offering, solely to cover over-allotments, if any, which would increase the total gross proceeds of the Offering to approximately $36.8 million, if the over-allotment option is exercised in full.Aegis Capital Corp. acted as sole book-running manager for the Offering.The securities described above were offered by Alset EHome International Inc. pursuant to an effective registration statement on Form S-1 (No. 333-258139) previously filed with the U.S. Securities and Exchange Commission (the \"SEC\") and declared effective by the SEC on July 27, 2021. A final prospectus (the \"Prospectus\") describing the terms of the Offering has been filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the Prospectus may be obtained, when available, 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 any securities, nor shall there be any sales of the securities in any state or jurisdiction in whi...