Alset shareholders approve 1-for-5 reverse stock split
AEI•Alset shareholders approved a 1-for-5 reverse stock split to help maintain compliance with Nasdaq’s minimum bid price requirement. The split could reduce outstanding common shares to 7,779,166, excluding fractional-share treatment; shareholders would receive cash for fractional shares.
1. Split approved
Alset’s board and majority shareholders authorized the 1-for-5 reverse stock split on October 5, 2026. Shareholders who consented held 35,198,409 shares, or approximately 90.5% of outstanding common stock. Directors may implement the split through October 5, 2027; authorized shares would remain unchanged.
