Sichenzia Ross Ference LLP Represents Alset EHome International Inc. in a $32.0 Million Public Offering of Units
Press Release – New York, NY – May 13, 2021 – Sichenzia Ross Ference LLP today announced that it represented Alset EHome International Inc. (NASDAQ: AEI), a diversified holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities, in a public offering. The offering consisted of 4,700,637 Units (the “Common Units”), priced to the public at $5.07 per Common Unit, with each Common Unit consisting of (a) one share of common stock, par value $0.001 per share (the “Common Stock”), (b) one Series A warrant to purchase one share of Common Stock with an initial exercise price of $5.07 per whole share and (c) one Series B warrant to purchase one-half of a share of Common Stock with an initial exercise price of $6.59 per whole share. The gross proceeds were approximately $32.0 million.
Aegis Capital Corp. acted as sole bookrunner for the offering.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Darrin M. Ocasio, Avital Perlman, Barrett DiPaolo, associate Jorge Campos, and law clerk Zachary Weiss.
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