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The latest update is out from Alset Capital ( (TSE:GPUS) ).
Alset AI Ventures Inc. has entered into agreements with arm’s length creditors to settle C$191,160.37 in accrued consulting and service fees by issuing 3,475,646 common shares at a deemed price of C$0.055 per share, a move aimed at preserving cash for operations and strengthening its balance sheet; the transaction is subject to TSX Venture Exchange approval, with most of the new shares subject to a statutory hold period. In a parallel step to align management and advisers with shareholder interests, the company has also granted 5,000,000 stock options exercisable at C$0.055 for two years and awarded 5,550,000 restricted share units to directors, officers and consultants under its omnibus incentive plan, with structured vesting schedules governed by exchange rules and securities laws.
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 aims to provide investors with diversified exposure to emerging AI applications and supporting infrastructure, positioning itself at the intersection of AI technologies and capital markets.
Average Trading Volume: 369,056
Technical Sentiment Signal: Sell
Current Market Cap: C$7.85M
Learn more about GPUS stock on TipRanks’ Stock Analysis page.