Alset Capital Acquisition Corp. Provides Additional Update Regarding Stockholder Redemptions
Bethesda, MD, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Alset Capital Acquisition Corp. (Nasdaq: ACAX) (“Alset”) provided additional updates today regarding stockholder redemptions.
- Bethesda, MD, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Alset Capital Acquisition Corp. (Nasdaq: ACAX) (“Alset”) provided additional updates today regarding stockholder redemptions.
- As of August 24, 2023, following recent requests by holders of Alset’s Class A common stock to redeem their public shares for a pro rata portion of the trust account holding the proceeds from Alset’s initial public offering, and subsequent withdrawals of redemptions by such holders of Alset’s Class A common stock, there are currently 568,749 shares of Class A common stock held by public stockholders, which are currently not awaiting redemption.
- As previously disclosed, Alset has extended the deadline for stockholders to redeem Class A common stock, or withdraw previously submitted redemptions, until 5:00 p.m. Eastern Time on Wednesday, September 13, 2023, and the number of shares of Class A common stock which will remain outstanding at the termination of such deadline may increase or decrease.