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An update from Alset Capital ( (TSE:GPUS) ) is now available.
Alset AI Ventures Inc. has announced plans to amend the exercise price of nearly 20 million outstanding common share purchase warrants, reducing it from $0.25 to $0.15. This move is part of a broader strategy to strengthen their balance sheet and accelerate growth by unlocking capital from their existing structure. The company is also launching an early exercise incentive program to encourage warrant holders to exercise their options sooner, offering additional warrants as an incentive. These initiatives are designed to enhance financial flexibility, align with shareholder interests, and support the scaling of their Lyken.AI platform and commercial pipeline, contingent on approval from the TSX Venture Exchange.
More about Alset Capital
Alset AI Ventures Inc. is a pioneering AI and cloud computing investment firm focused on nurturing high-potential technology companies. The company combines capital, strategic advisory, and cloud computing alliances to shape the future of artificial intelligence, building a venture capital platform poised for substantial growth.
Average Trading Volume: 1,410,949
Technical Sentiment Signal: Buy
Current Market Cap: C$19.41M
Learn more about GPUS stock on TipRanks’ Stock Analysis page.