Hudson Bay Capital Management LP - Nov 2, 2022 Form 3 Insider Report for Alset Capital Acquisition Corp. (ACAX)

Role: 10%+ Owner
Signature: Hudson Bay Capital Management LP, By: /s/ Sander Gerber, Authorized Signatory
Stock symbol: ACAX
Transactions as of: Nov 2, 2022
Transactions value $: $0
Form type: 3
Date filed: 11/14/2022, 02:17 PM
Previous filing: Nov 8, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ACAX	Class A Common Stock, par value $0.0001 per share						923K	Nov 2, 2022	See footnote	F1

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

Explanation of Responses:

Id	Content
F1	The securities are held by HB Strategies LLC and Hudson Bay SPAC Master Fund LP (collectively, the "Funds"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the Funds. As such, the Investment Manager may be deemed to have beneficial ownership of the securities held by the Funds. As the managing member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management LP, Mr. Sander Gerber may be deemed to have beneficial ownership of the securities held by the Funds. Each Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of its or his pecuniary interest therein.

Content

The securities are held by HB Strategies LLC and Hudson Bay SPAC Master Fund LP (collectively, the "Funds"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the Funds. As such, the Investment Manager may be deemed to have beneficial ownership of the securities held by the Funds. As the managing member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management LP, Mr. Sander Gerber may be deemed to have beneficial ownership of the securities held by the Funds. Each Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of its or his pecuniary interest therein.