Financial Performance - As of August 31, 2022, the company reported a net income of $122,132 for the three months and $14,650 for the nine months, primarily from interest income[102]. - The company has not commenced any operations and has not generated any revenues to date, with future income expected only after completing a Business Combination[101]. Initial Public Offering - The company raised approximately $87.1 million from its Initial Public Offering, with $1.9 million in its operating bank account post-IPO[94]. - The company incurred a cash underwriting discount of $1,725,000 and a deferred fee of $3,018,750, contingent upon completing a Business Combination[107]. Working Capital and Financial Position - The company has a working capital of approximately $1.65 million as of August 31, 2022, which is expected to cover operational needs until the completion of a Business Combination[99]. - The company has no long-term debt obligations or off-balance sheet arrangements as of August 31, 2022[103][111]. Business Combination Plans - The company has a 12-month period to complete its initial Business Combination, extendable up to 21 months under certain conditions[95]. - The company plans to utilize funds for evaluating prospective Business Combination candidates and related expenses[99]. Administrative Agreements - The company has entered into an agreement to pay the Sponsor $10,000 per month for administrative services[104]. Regulatory Classification - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[113].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-41254 ALSET CAPITAL ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | |------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 001-41254 ALSET CAPITAL ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | -- ...