Alset Capital Acquisition Corp.
ACAXW
NASDAQ Global Market0.05
USD
- -
- -
CIK
0001897245
ISIN
US02115M1172
CUSIP
02115M117
Return %
Stock
S&P500
1Y
- -
18.21
3Y
20.50
64.38
5Y
-69.87
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
- CIK
- 0001897245
- Similar Companies
- Business
- Alset Capital Acquisition Corp. (ACAXW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the real estate industry including construction, homebuilding, real estate owners and operators, financing arrangers, insurance services, and proptech businesses; it offers no current products or services beyond its SPAC structure of Class A common stock, redeemable warrants, and rights exercisable upon a business combination. Founded in 2021 and headquartered in Bethesda, Maryland, the company functions as a subsidiary of Alset Acquisition Sponsor, LLC, with operations conducted through Nasdaq-listed securities prior to its combination. In January 2024, Alset Capital completed a reverse merger with HWH International Inc., a Nevada-based lifestyle company spanning marketplace, cafe, travel, and wealth-building sectors, resulting in a reclassification where Alset became HWH International Inc. trading under ticker HWH, its warrants were suspended alongside units and rights, and ACAXW now trades as a residual warrant with low volume and potential delisting status amid high prior redemptions of 99.52%. Recent extensions of its business combination deadline to February 2024 and a $4.7375 million funding infusion from its sponsor supported the transaction, marking its primary strategic shift from search phase to post-merger legacy status.