HWH International Bolsters Equity for Nasdaq Compliance

Strategic stock purchase agreements bring equity levels above the $2.5 million threshold.

December 30, 2024

HWH Strengthens Financial Footing

HWH International Inc. has taken decisive steps to solidify its position on the Nasdaq Capital Market by increasing stockholders' equity to meet listing standards. This follows a compliance challenge with Nasdaq's requirements regarding market value and stockholders' equity. The company's strategic financial moves aim to restore investor confidence and maintain its Nasdaq listing.

Recently, HWH entered into two separate stock purchase agreements with its majority shareholder, Alset Inc., which provided a combined infusion of $3.585 million. These transactions mark significant progress in addressing equity shortfalls.

The first agreement, finalized in November 2024, saw Alset purchase over 4.4 million newly issued shares at $0.68 per share. This transaction alone contributed $3 million to HWH's equity. The second agreement, completed in December 2024, involved Alset acquiring an additional 1.3 million shares at $0.45 per share, generating $585,000 in equity.

Compliance and Strategic Progress

These financial maneuvers are part of a larger compliance plan approved by a Nasdaq hearing panel, granting HWH until December 31, 2024, to meet the stockholders' equity threshold of $2.5 million and sustain compliance thereafter. By surpassing this benchmark, the company is poised to notify Nasdaq of its improved financial standing, potentially securing its continued listing.

HWH's proactive steps underscore its commitment to meeting regulatory requirements and ensuring long-term stability. The combination of strategic partnerships and equity strengthening initiatives demonstrates a focus on growth and investor value.

As the year-end deadline approaches, HWH remains confident in its ability to align with Nasdaq's standards, emphasizing a forward-looking approach to corporate governance and market presence.