Alset Capital Acquisition Corp. Provides Update Regarding Stockholder Redemptions

Provided By GlobeNewswire

Last update: Aug 4, 2023

Bethesda, MD, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Alset Capital Acquisition Corp. (Nasdaq: ACAX) (“Alset”) provided updates today regarding stockholder redemptions.

As of July 28, 2023, Alset’s public stockholders holding 1,934,749 shares, out of a total of 1,976,036 shares of Class A common stock held by public stockholders, submitted requests to redeem their public shares for a pro rata portion of the trust account holding the proceeds from Alset’s initial public offering, leaving 41,287 shares of Class A common stock held by public stockholders remaining. The redemption price as of July 28, 2023 was approximately $10.50.