Alset Capital Acquisition Corp.
ACAXR
NASDAQ Global Market0.36
USD
+0.16
- -
CIK
0001897245
CUSIP
02115M125
Return %
Stock
S&P500
1Y
69.09
18.21
3Y
140.00
64.38
5Y
140.00
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Heng Fai Chan
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4800 Montgomery Lane Bethesda MD United States of America 20814
- CIK
- 0001897245
- Similar Companies
- Business
- Alset Capital Acquisition Corp. (ACAXR) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant current operations other than seeking a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, particularly targeting opportunities in the real estate sector including construction, homebuilding, real estate owners and operators. Incorporated in 2021 and headquartered at 4800 Montgomery Lane, Suite 210, Bethesda, Maryland, the company functions as a subsidiary of Alset Acquisition Sponsor, LLC, and maintains a lean structure with minimal employees and no independent revenue generation. It originally went public via an initial public offering in early 2022, raising funds held in trust for a potential de-SPAC transaction. In a major development, Alset Capital Acquisition Corp. completed a reverse merger with HWH International Inc., a lifestyle company offering wellness, travel, and virtual reality experiences through a membership program primarily in East and Southeast Asia, on January 8, 2024, after shareholder approval in August 2023 and multiple deadline extensions to February 3, 2024. The post-merger entity began trading on Nasdaq under the ticker HWH on January 9, 2024, though Alset Capital Acquisition Corp. rights (ACAXR) persist with indications of potential delisting and low liquidity trading. Amid ongoing operations, the company received $4.7375 million in funding from Alset Acquisition Sponsor, LLC, and reports recent quarterly net sales of zero with a net loss of $1 million as of March 2025, alongside a micro-cap market presence and negative return on equity.