Mr. Adam Ingrao reports
ALSET RECEIVES TSXV APPROVAL TO AMEND WARRANTS
Further to its news release dated June 2, 2025, Alset AI Ventures Inc. has received approval from the TSX Venture Exchange to amend the exercise price of an aggregate of 19,999,993 outstanding common share purchase warrants currently expiring on March 15, 2027, and March 22, 2027. The warrants were issued pursuant to a private placement that closed in two tranches on March 15, 2024, and March 22, 2024.
The warrants were originally issued at an exercise price of 25 cents, which has been amended to an exercise price to 15 cents. In connection with the repricing of the warrants, the amended warrants include an accelerated expiry provision, Pursuant to the acceleration provision, if the closing price of the company's shares is 18.75 cents or higher for 10 consecutive trading days, warrantholders will have 30 calendar days before expiry to exercise their warrants, commencing seven calendar days after the last premium trading day. Except for the amended exercise price and the acceleration provision, all other terms of the warrants remain the same.
About Alset AI Ventures Inc.
Alset AI is a pioneering AI (artificial intelligence) and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
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