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Alset Capital ( (TSE:GPUS) ) just unveiled an update.
Alset AI Ventures has closed a non-brokered private placement of 12,727,272 units at $0.055 per unit, raising approximately $700,000 from strategic investors, with each unit comprising one common share and half a warrant exercisable at $0.10 until December 2027. The net proceeds will be directed toward accelerating commercialization of its cloud computing business, particularly customer acquisition and sales and marketing, supporting near-term revenue milestones and general working capital, a move that management says will strengthen its push into AI-driven cloud solutions and bolster its growth trajectory, subject to final TSX Venture Exchange approval.
More about Alset Capital
Alset AI Ventures Inc. is an AI-focused venture investment platform that sources, funds and develops companies across the artificial intelligence value chain. The company targets both emerging AI applications and the infrastructure that enables advancements in AI technologies, aiming to give investors diversified exposure to the broader AI ecosystem.
Average Trading Volume: 740,803
Technical Sentiment Signal: Sell
Current Market Cap: C$7.85M
Find detailed analytics on GPUS stock on TipRanks’ Stock Analysis page.