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HWH International together with Alset Capital Acquisition Corp. Announce Closing of Business Combination
ACAXAlset Capital Acquisition (ACAX) Newsfilter·2024-01-08 17:20

Company Overview - HWH International Inc. is a purpose-driven lifestyle company with offerings from four core pillars: HWH Marketplace, Hapi Cafe, Hapi Travel Destination, and Hapi Wealth Builder, aimed at helping individuals pursue Health, Wealth, and Happiness [4] - Alset Capital Acquisition Corp. is a special purpose acquisition company formed to engage in mergers and similar business combinations, having begun trading on the Nasdaq Stock Market in February 2022 [5] Business Combination - Alset Capital Acquisition Corp. has completed its business combination with HWH International Inc., which was approved by Alset's stockholders on August 1, 2023 [2] - The common stock of the combined company is expected to commence trading on The Nasdaq Global Market under the ticker symbol "HWH" on January 9, 2024 [1][2] Growth Potential - The business combination and the subsequent listing of HWH's common stock are anticipated to support HWH's growth momentum in the rapidly growing GIG economy [3]