Alset AI Announces Closing of Non-Brokered Private Placement Offering With Strategic Investors

Executive Summary

• Alset AI Ventures Inc. closed its non‑brokered private placement of 12,727,272 units at $0.055 per unit, generating approximately $700,000 in gross proceeds.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at C$0.10 per share through 23 Dec 2027).
• Proceeds will be used to accelerate commercialization of the cloud‑compute business, fund customer acquisition, support near‑term revenue milestones, and provide working capital/general corporate purposes.

Key Details

• Units Offered: 12,727,272 units
• Issue Price: $0.055 per unit
• Aggregate Gross Proceeds: ~ $700,000 (CAD)
• Unit Composition:
• 1 common share
• ½ of a common‑share purchase warrant (full warrant = right to acquire one common share at C$0.10)
• Warrant Terms: Exercise price C$0.10 per share; exercisable until 23 Dec 2027.
• Financing Exemption: Issued under the listed issuer financing exemption of NI 45‑106 (Part 5A) and COBO 45‑953; not subject to a statutory hold period.
• Regulatory Conditions: Subject to final approval by the TSX Venture Exchange (TSXV).
• U.S. Offering Restrictions: Securities not registered under U.S. securities laws; cannot be offered or sold to U.S. persons absent exemption/registration.
• Use of Proceeds:
• Accelerate commercialization of cloud‑compute services
• Fund sales and marketing for customer acquisition
• Advance near‑term revenue milestones
• Working capital and general corporate purposes

Notable Quotes

“We are very pleased to have closed this non‑brokered private placement with strategic investors who share our vision for the future of AI‑driven cloud computing solutions. The proceeds will accelerate our commercialization efforts, strengthen our customer acquisition initiatives, and position Alset AI to deliver revenue growth.” – Adam Ingrao, CEO, Alset AI Ventures Inc.