Alset Inc. Announces Closing of $1.5 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules

Company Overview - Alset Inc. is a diversified company engaged in the development of EHome communities, real estate, financial services, digital transformation technologies, biohealth activities, and consumer products with operations in the United States, Singapore, Hong Kong, and South Korea [1][4] - The company's mission is to provide a healthy living ecosystem that drives long-term exponential growth, building liquidity and value for shareholders [4] Recent Offering - Alset Inc. announced the closing of a registered direct offering for an aggregate of 1,500,000 shares of common stock at a purchase price of $1.00 per share, resulting in gross proceeds of approximately $1.5 million before expenses [1][2] - The offering was conducted under Nasdaq rules and was made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [3] Use of Proceeds - The net proceeds from the offering, along with existing cash, are expected to be used for general corporate purposes and working capital [2]