Alset Capital Acquisition Extends Redemption Reversal Deadline While Trying to Close HWH Int’l Deal | SPAC Feed

Alset Capital Acquisition today in an 8-K said it has extended the deadline for stockholders to redeem Class A shares until 5 p.m. Eastern, Dec. 15. Redemption reversals will also be accepted up to the revised deadlines.

Alset shareholders more than four months ago approved merging with HWH International, which offers a membership program with benefits focused around wellness, travel and VR experiences.

Terms of the deal call for Alset to issue $125 million in stock to the combined company.

To-date, the closing conditions have not been met.

As of Oct. 10, there was approximately $21 million remaining in the SPAC’s trust after redemptions since its February 2022 ipo. Read more.

Source: Alset Capital Acquisition Extends Redemption Reversal Deadline While Trying to Close HWH Int’l Deal

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• Source: https://spacfeed.com/alset-capital-acquisition-extends-redemption-reversal-deadline-while-trying-to-close-hwh-intl-deal