Alset files draft information statement for 1-for-5 reverse stock split
AEI•Alset filed a draft information statement for a 1-for-5 reverse stock split authorized by shareholders. Based on 38,895,830 shares outstanding on Oct. 5, 2026, the split would leave 7,779,166 shares before fractional-share treatment and targets Nasdaq’s $1.00 minimum bid threshold.
1. Proposed reverse split
Alset shareholders authorized a 1-for-5 reverse stock split, with the board able to set its effective date by Oct. 5, 2027. Every five common shares would convert into one, while the number of authorized common shares would remain unchanged. No fractional shares would be issued; holders would receive cash based on the prior trading day’s Nasdaq closing price.
2. Share count and purpose
Based on 38,895,830 shares outstanding on Oct. 5, 2026, the split would result in 7,779,166 shares before fractional-share treatment. Alset said the move targets a higher share price to support Nasdaq’s $1.00 minimum bid threshold.
