Wolverine Asset Management Llc - May 1, 2023 Form 3 Insider Report for Alset Capital Acquisition Corp. (ACAX)

Role: 10%+ Owner
Signature: Kenneth Nadel, Chief Operating Officer
Stock symbol: ACAX
Transactions as of: May 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 5/4/2023, 11:05 AM
Previous filing: Mar 30, 2023
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ACAX	Class A Common Stock						208K	May 1, 2023	By Wolverine Asset Management, LLC as manager of Wolverine Flagship Fund Trading Limited	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 3 is being filed solely due to the redemption of 6,648,964 shares of Class A Common Stock by shareholders other than the Reporting Person, as announced by the Issuer in a current report on Form 8-K filed on 5/1/2023 (the "Redemptions"). After Redemptions, the Reporting Person's aggregate beneficial ownership was over 10%. The Reporting Person has not acquired Class A Common Stock or any other equity securities of the issuer since being pushed over 10% due to Redemptions.

Content

This Form 3 is being filed solely due to the redemption of 6,648,964 shares of Class A Common Stock by shareholders other than the Reporting Person, as announced by the Issuer in a current report on Form 8-K filed on 5/1/2023 (the "Redemptions"). After Redemptions, the Reporting Person's aggregate beneficial ownership was over 10%. The Reporting Person has not acquired Class A Common Stock or any other equity securities of the issuer since being pushed over 10% due to Redemptions.