8-K
Alset Inc. (AEI)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
The Securities Exchange Act of 1934
Dateof Report (Date of earliest event reported): July 7, 2022
ALSET
EHOME INTERNATIONAL INC.
(Exactname of registrant as specified in its charter)
| Delaware | 001-39732 | 83-1079861 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
4800Montgomery Lane, Suite 210
Bethesda,Maryland 20814
(Address of principal executive offices) (Zip Code)
Registrant’stelephone number, including area code: (301) 971-3940
N/A
(Formername or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock, $0.001 Par Value | AEI | The<br> Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item2.01 Completion of Acquisition or Disposition of Assets.
On July 7, 2022, Alset EHome International Inc. (the “Company”) consummated its previously disclosed disposition of a subsidiary holding 44,808,908 shares of stock of True Partner Capital Holding Limited, together with an additional 17,314,000 shares of True Partner Capital Holding Limited (for a total of 62,122,908 shares) in exchange for 17,570,948 shares of common stock of DSS, Inc. (“DSS”). The Company’s Chairman, Chief Executive Officer and largest stockholder, Chan Heng Fai, is the Executive Chairman of DSS and a significant shareholder of DSS.
The foregoing summary of the transaction does not purport to be complete and is qualified in its entirety by reference to the full text of the Stock Purchase Agreement between the Company and DSS entered into on February 28, 2022, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Number | Description |
|---|---|
| 10.1 | True Partner Stock Purchase Agreement, between Alset EHome International Inc. and DSS, Inc., dated February 28, 2022 (incorporated by reference to Exhibit 10.3 to Form 8-K filed on March 1, 2022). |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| **** | ALSET EHOME INTERNATIONAL INC. | |
|---|---|---|
| July<br> 8, 2022 | By: | /s/ Rongguo Wei |
| Name: | Rongguo<br> Wei | |
| Title: | Co-Chief<br> Financial Officer |