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Alset Ehome International Prices Public Offering of $32 Million Stock-Warrant Units

05/11/2021 00:27

04:18 AM EDT, 05/11/2021 (MT Newswires) -- Alset Ehome International (AEI) late Monday priced a brokered public offering of 4.7 million units at $5.07 per unit, for gross proceeds of $32 million.

Each unit consists of one common share and one series A warrant to purchase one common share.

The company granted the underwriters a 45-day option to buy up to an additional 15% of the units being sold, which should increase the gross proceeds to about $36.1 million if exercised in full.

The offering is expected to close on May 13, subject to the satisfaction of customary closing conditions, according to the statement.

Shares in the company gained 0.8% Monday in after-hours activity.

Price: 4.60, Change: -1.74, Percent Change: -27.44