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Alset Inc. — Director's Dealing 2022
Jan 27, 2022
34175_dirs_2022-01-27_40e5baf2-5841-4d96-bf17-bb3ea90961a4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Alset EHome International Inc. (AEI)
CIK: 0001750106
Period of Report: 2022-01-26
Reporting Person: Chan Heng Fai Ambrose (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-27 | Common Stock | C | 10000000 | $.625 | Acquired | 28749299 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-26 | Convertible Promissory Note | $.625 | P | Acquired | 2024-12-13 | Common Stock (10000000) | Direct | |
| 2022-01-27 | Convertible Promissory Note | $.625 | C | Disposed | 2024-12-13 | Common Stock (10000000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6380000 | Indirect |
| Common Stock | 398348 | Indirect |
Footnotes
F1: Represents shares held by HFE Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares.
F2: Represents shares held by Heng Fai Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares.
F3: On December 13, 2021 Alset EHome International Inc. (the "Company"), entered into a Securities Purchase Agreement with Mr. Chan (the "Purchaser") for the issuance and sale of a convertible promissory note (the "Note") in favor of Purchaser, in the principal sum of $6,250,000. The Note bears interest at a rate equal to three percent (3%) per annum. The Purchaser will have the option to at its sole discretion to either (i) convert the outstanding balance under the Note into either shares of common stock at the conversion price of $0.625 or (ii) receive cash payment for the accrued and unpaid balance. The sale and issuance of this Note by the Company to Purchaser was subject to certain closing conditions. The sale and issuance of this Note was completed on January 26, 2022.
F4: On January 27, 2022, the Purchaser converted the entire balance of the Note into 10,000,000 shares of the Company's common stock.