Home > Insider Trading > Filing (0001493152-23-027071)

Filing Details

Accession Number:: 0001493152-23-027071
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-07 18:24:50
Reporting Period:: 2023-08-03

Accepted Time:: 2023-08-07 18:24:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1897245	Alset Capital Acquisition Corp.	ACAX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1261725	Ambrose Fai Heng Chan	9 Temasek Boulevard #16-04 Suntec Tower Two Singapore U0 038989	Chief Executive Officer	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2023-08-03	5,000	$7.63	5,000	No	4	P	Direct
Class A Common Stock	Acquisiton	2023-08-03	8,000	$7.72	13,000	No	4	P	Direct
Class A Common Stock	Acquisiton	2023-08-04	10	$7.00	13,010	No	4	P	Direct
Class A Common Stock	Acquisiton	2023-08-03	15,000	$7.66	521,269	No	4	P	Indirect	See Footnote
Class A Common Stock	Acquisiton	2023-08-03	3,871	$7.72	525,140	No	4	P	Indirect	See Footnote
Class A Common Stock	Acquisiton	2023-08-04	400	$7.40	525,540	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

On August 3, 2023, the reporting person directly acquired 5,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.71 to $8.12. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
On August 3, 2023, the reporting person directly acquired 8,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.85 to $8.275. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
On August 4, 2023, the reporting person directly acquired 10 shares of the Issuer's Class A Common Stock at $7.00 per share.
On August 3, 2023, Alset Inc. acquired 15,000 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.84 to $8.36. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
On August 3, 2023, Alset Inc. acquired 3,871 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $6.68 to $8.00. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
On August 4, 2023, Alset Inc. acquired 400 shares of the Issuer's Class A Common Stock. This transaction was executed in multiple trades at prices ranging from $7.24 to $7.78. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
In addition to the 51,790 shares of common stock held directly by Alset Inc., over which Mr. Chan may be deemed to possess beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc., Alset Acquisition Sponsor, LLC (the "Sponsor") beneficially owns 473,750 shares of the Issuer's Class A Common Stock. As Chief Executive Officer of the sole member of the Sponsor, and as the Chief Executive Officer and control person of the entities which own the Sponsor's sole member, Mr. Chan may be deemed to possess beneficial ownership of the securities held of record by the Sponsor. Therefore, Mr. Chan beneficially owns 525,540 shares of the Class A Common Stock of Alset Capital Acquisition Corp. Mr. Chan disclaims any such beneficial ownership except to the extent of his pecuniary interest. Such shares are in addition to the 13,010 shares of the Issuer's Class A Common Stock Mr. Chan owns directly.
In addition to the Class A Common Stock described above, the Sponsor also owns 2,156,250 shares of Class B Common Stock, which will automatically convert into shares of Class A Common Stock upon the completion of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments.