Alset AI Ventures Inc. Announces Warrant Amendments and Incentive Program

Alset AI Ventures Inc. has announced plans to amend the exercise price for over 19 million outstanding share purchase warrants. The company will reduce the exercise price from $0.25 to $0.15. Additionally, an early exercise incentive program will be launched, offering warrantholders an opportunity to exercise their warrants under favorable conditions. This move aims to enhance financial flexibility and support the scaling of the Lyken.AI platform.

The newly amended warrants will include an accelerated expiry provision. If Alset AI's stock closes at or above $0.1875 for ten consecutive trading days, warrantholders will have a month to exercise their warrants. The incentive program will be valid for 45 days, providing participants extra common share purchase warrants.

CEO Adam Ingrao highlights that this strategy aims to optimize the company's capital structure and maintain alignment with shareholder interests. The initiative awaits approval by the TSX Venture Exchange.