Alset AI Ventures Secures Approval for Warrant Repricing

Alset AI Ventures Inc., a venture company specializing in artificial intelligence (AI) and cloud computing, has announced the TSX Venture Exchange's approval to amend the exercise price of its outstanding share purchase warrants. Originally set at $0.25, the exercise price is now reduced to $0.15 for the aggregated 19,999,993 warrants expiring in March 2027. The warrants were initially issued following a private placement in March 2024.

The amended warrants also introduce an acceleration provision. If Alset AI's share price reaches $0.1875 or higher for 10 consecutive trading days, warrantholders will have 30 days to exercise their warrants, starting 7 days after this period.

All other terms of the warrants remain unchanged, ensuring consistency in Alset AI’s strategic investment approach while offering flexibility to stakeholders.