Benzinga | Dec 6, 2021 04:56AM EST

Alset EHome International Priced Offering @$0.60/Share

lset EHome International Inc. (NASDAQ:AEI) ("AEI" or the "Company"), a diversified holding company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, today announced the pricing of an underwritten public offering ("the Offering") totaling $30 million in gross proceeds or $34.5 million in gross proceeds, if the over-allotment option is exercised in full. The offering consists of common stock, par value $0.001 per share ("Common Stock"), at a price to the public of $0.60 per Share, and pre-funded warrants to purchase shares of Common Stock at a price of $0.599 per pre-funded warrant. The pre-funded warrants have an exercise price of $0.001 per share.

In addition, the Company granted the underwriters a 45-day option to purchase additional shares of Common Stock, representing up to 15% of the number of the Shares and the shares underlying the pre-funded warrants sold in the base offering, solely to cover over-allotments, if any.

The Offering is expected to close on December 8, 2021, subject to the satisfaction of customary closing conditions.

Aegis Capital Corp. is acting as sole book-running manager for the Offering.