Alset AI Ventures Completes Debt Settlement, Issues Common Shares and Warrants
Vancouver, BC, February 27, 2025 – Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:ALSCF)(FSE:1R60, WKN:A3ESVQ) (“Alset AI” or the “Company”), an innovative artificial intelligence (AI) venture company, is pleased to announce that it has completed the previously announced debt settlement totaling $160,697.64 owed to certain creditors of the Company. In consideration for this debt, the Company issued an aggregate of 788,330 common shares in the capital of Alset AI (each, a “Debt Share”) and 640,092 units of the Company (each, a “Debt Settlement Unit”) at a deemed price of $0.1125 per Debt Settlement Unit and Debt Share.
Details of the Debt Settlement
Each Debt Settlement Unit consists of one Debt Share and one transferable common share purchase warrant (each, a “Debt Settlement Warrant”). The Debt Settlement Warrants are exercisable to purchase one additional common share of Alset AI (each, a “Debt Settlement Warrant Share”) at an exercise price of $0.15 per Debt Settlement Warrant Share for a period of two years from the date of closing of the Debt Settlement.
Impact on Alset AI
The completion of this debt settlement allows Alset AI to strengthen its financial position and focus on its strategic investments and cloud computing solutions. The issuance of common shares and warrants will increase the Company’s outstanding shares and potentially dilute existing shareholders. However, the proceeds from the debt settlement will provide the Company with additional capital to fund its operations and advance its AI initiatives.
Impact on Shareholders
Shareholders should be aware that the issuance of common shares and warrants may result in dilution. However, this debt settlement also provides Alset AI with the necessary funds to continue its growth and development in the AI industry. Existing shareholders may consider the long-term potential of the Company and its strategic initiatives when evaluating the impact of this debt settlement on their holdings.
Impact on the World
Alset AI’s debt settlement is a reflection of the growing demand for AI solutions and the increasing interest in investing in this sector. As more companies turn to AI to improve efficiency, productivity, and innovation, the need for venture capital and investment in this field will continue to grow. Alset AI’s debt settlement is a positive sign for the AI industry and could encourage further investment and innovation in this area.
Conclusion
Alset AI Ventures Inc. has successfully completed a debt settlement, issuing common shares and warrants to settle outstanding debts totaling $160,697.64. This debt settlement will provide the Company with additional capital to fund its operations and advance its strategic initiatives. Shareholders should be aware of the potential dilution from the issuance of common shares and warrants. The impact of this debt settlement extends beyond Alset AI, as it reflects the growing demand for AI solutions and the increasing interest in investing in this sector. The Company’s debt settlement is a positive sign for the future of AI and could encourage further investment and innovation in this area.
- Alset AI Ventures Inc. completes debt settlement, issuing common shares and warrants
- Proceeds from debt settlement will strengthen Company’s financial position
- Existing shareholders may experience dilution
- Debt settlement reflects growing demand for AI solutions and investment in the sector
