Core Viewpoint - Alset AI Ventures Inc. has successfully completed a shares for debt transaction to settle $191,160.37 in accrued fees by issuing 3,475,646 common shares at a price of $0.055 per share, aimed at preserving operational funds and improving the company's balance sheet [1]. Group 1: Debt Settlement Transaction - The Debt Settlement Transaction involved the issuance of 3,475,646 common shares to settle $191,160.37 in unpaid fees for consulting and services [1]. - Of the shares issued, 2,833,647 are subject to a statutory hold period until July 14, 2026, while 641,999 shares are not restricted [1]. - The transaction is part of the company's strategy to enhance its financial position and ensure operational continuity [1]. Group 2: Company Overview - Alset AI is focused on advancing innovation in artificial intelligence through strategic investments and cloud computing solutions [1]. - The company aims to provide investors with diversified exposure to emerging applications and infrastructure in the AI sector [1].
Alset AI Announces Closing of Shares for Debt Transaction