Alset Capital Acquisition Corp.
ACAXU
NASDAQ Global Market4.30
USD
-6.25
- -
CIK
0001897245
ISIN
US02115M2089
CUSIP
02115M208
Return %
Stock
S&P500
1Y
-58.53
18.21
3Y
-56.83
64.38
5Y
-56.83
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
- Fai Heng Chan
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4800 Montgomery Lane Bethesda MD United States of America 20814
- IPO Date
- Feb 1, 2022
- CIK
- 0001897245
- Similar Companies
- Business
- Alset Capital Acquisition Corp. (ACAXU) operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the real estate industry including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance and other services for real estate, and adjacent Proptech businesses and technologies. The company offers no current products or services beyond pursuing and executing such business combinations through its public listing structure, which includes units comprising Class A common stock, warrants and rights traded on Nasdaq. Incorporated in 2021 and headquartered in Bethesda, Maryland, it conducts its operations primarily in the United States without specified additional geographic segments or subsidiaries prior to recent events. In its latest major development, Alset Capital Acquisition Corp. completed a reverse merger transaction with HWH International Inc. on January 8, 2024, resulting in the combined entity operating as HWH International Inc. (Nasdaq: HWH), with ACAX stockholders receiving HWH common shares and the post-merger company focusing on HWH's wellness, travel and VR membership programs. Prior to closing, the company secured multiple stockholder-approved extensions of its business combination deadline, culminating in approvals through February 3, 2024, to facilitate the transaction after initial agreements in September 2022 and subsequent amendments.