Alset AI Ventures Implements Voluntary Shareholder Lock-Up

Alset AI Ventures Inc., an AI-focused venture company, has announced a voluntary four-month lock-up agreement by certain shareholders. These shareholders, dubbed the "Locked-Up Shareholders", collectively own over 13 million common shares, amounting to roughly 8.39% of the company's total shares. This move, not driven by regulatory requirements, indicates strong shareholder confidence in Alset AI's long-term strategic direction.

The locked-up group includes two company insiders with holdings of 2.6 million shares, representing 1.7% of the total issuance. Alset AI's CEO, Adam Ingrao, emphasizes that this decision reflects the shareholders' belief in the company’s ability to achieve its objectives and continue making progress in AI and cloud computing innovation.