Item 8.01 Other Events.
On December 6, 2022, Alset Inc., a Texas corporation (the "Company"), filed a
Certificate of Amendment to the Company's Certificate of Formation with the
Texas Secretary of State to effect a 1-for-20 reverse stock split (the "Reverse
Stock Split"). The Reverse Stock Split was effective as of December 28, 2022
(the "Effective Time").
At the Effective Time, each 20 shares of the Company's common stock issued and
outstanding were combined and converted into 1 share of the Company's common
stock. The par value of the common stock following the Reverse Stock Split
remains at $0.001 per share. No fractional shares shall be issued as a result of
the Reverse Stock Split. In lieu thereof, any person who would otherwise be
entitled to a fractional share of common stock as a result of the Reverse Stock
Split is entitled to receive a cash payment equal to the fraction of a share of
common stock to which such holder would otherwise be entitled multiplied by the
closing price per share of the common stock on the Nasdaq Capital Market at the
close of business on the trading day preceding the date of the Effective Time.
Such closing price per share was $.1501 as of December 27, 2022.
In connection with the Reverse Stock Split, the CUSIP number for the common
stock has been changed to 02115D208.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)© Edgar Online, source Glimpses
ALSET INC. 
