Alset EHome (AEI) Prices Public Offering of Shares, Warrants

 

Alset EHome International Inc. said it has priced an underwritten public offering of 6.4 million common shares to be issued by the company at $2.12 a share.

 

 The holding company also is issuing pre-funded warrants to purchase 8.7 million shares at $2.11 per pre-funded warrant. The pre-funded warrants have an exercise price of one cent a share.

The proceeds from the offering, are expected to be $32 million.

Alset EHome granted the underwriters a 45-day option to purchase additional shares, representing up to 15% of the number of the shares and pre-funded warrants sold in the base offering, solely to cover over-allotments, if any.

Alset EHome (AEI) : 6-month performance

 

IPOs this week : May 24 - 28, 2021 (wk 21)

IPOs expected to price

• ZipRecruiter (ZIP), Paymentus (PAY) and Flywire (FLYW) to begin trading on May 26.  

IPO quiet period expirations

• FTC Solar (FTCI), Endeavor (EDR), Aveanna (AVAH), Vaccitech (VACC) and Werewolf Therapeutics (HOWL). 

IPO lockup expirations

Ozon (OZON), Vision Marine Technology (VMAR), Alset EHome International (AEI) and BriaCell Therapeutics (BCTX).

HF Enterprises (HFEN) began trading on the Nasdaq on Tue 24 Nov 20

• Changed name to Alset EHome International (AEI) Feb 4, 2021 
• https://www.hfenterp.com/

HF Enterprises (HFEN), a holding company with investments in real estate, tech, and healthcare, downsized and priced at the high end to raise $15 million at a $60 million market cap. The company is unprofitable and saw revenue plummet 71% in the 1H20. HF Enterprises finished down 13% on IPO day.