Key facts
- This page summarizes Alset Inc.'s Form 4 filing for HWH International Inc. (HWH).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 22 Nov 2024, 21:50.
Alset Inc. - 20 Nov 2024 Form 4 Insider Report for HWH International Inc. (HWH)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- HWH
- Reported as of
- 20 Nov 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 22 Nov 2024, 21:50:35 UTC
- Prior SEC filing
- 19 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- Alset Inc. /s/ Chan Heng Fai Ambrose, Chief Executive Officer
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Alset Inc. filed Form 4 for HWH International Inc. (HWH) on 22 Nov 2024.
Change
- Previous filing in this sequence was filed on 19 Jan 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HWH
transaction
Common Stock
Other
- Transaction value
- $4,095,000
- Shares
- -6,500,000
- Change %
- -39%
- Price
- $0.6300
- Shares after
- 9,958,347
- Date
- 20 Nov 2024
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3
HWH
transaction
Common Stock
Other
- Transaction value
- $4,095,000
- Shares
- +6,500,000
- Change %
- +1365%
- Price
- $0.6300
- Shares after
- 6,976,190
- Date
- 20 Nov 2024
- Ownership
- Direct
- Footnotes
- F1, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
On September 26, 2024, Alset Inc. entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Alset International Limited. Pursuant to the Stock Purchase Agreement, Alset Inc. has purchased 6,500,000 shares (the "Shares") of HWH International Inc. (the "Issuer") from Alset International Limited. As consideration for the Shares, Alset Inc. issued a secured promissory note to Alset International Limited in the original principal amount of $4,095,000.00. The closing of the purchase of the Shares was contingent upon the satisfaction of certain closing conditions. The purchase closed on November 20, 2024.
Footnote F2
Alset Inc. owns 85.7% of Alset International Limited. Alset Inc. may be deemed to possess beneficial ownership of the shares of the Issuer owned by Alset International Limited.
Footnote F3
Following this transaction, Alset International Limited owns 9,958,347 shares of the Issuer's common stock. These shares are shown here as indirectly owned by Alset Inc.
Footnote F4
Following this transaction, 6,500,000 shares of Issuer's common stock that were previously included in the number of shares Alset Inc. owned indirectly are now included in the number of shares of Issuer's common stock that Alset Inc. owns directly. This transaction does not impact the total number of securities beneficially owned by Alset Inc. Alset Inc. now beneficially owns 19,264,692 shares of the Issuer's common stock, including 6,976,190 shares owned directly, 9,958,347 shares owned indirectly through Alset International Limited, and 2,330,155 shares owned indirectly through another majority owned subsidiary of Alset Inc., Alset Acquisition Sponsor, LLC.
Footnote F5
The Chairman, Chief Executive Officer and majority stockholder of Alset Inc., Chan Heng Fai, may also be deemed to possess beneficial ownership of shares of the Issuer owned by Alset Inc. Mr. Chan also owns 13,000 shares of the Issuer's common stock personally. This transaction has not impacted the number of shares of the Issuer's common stock owned by Mr. Chan.