Alset Acquisition Sponsor, LLC - Jan 31, 2022 Form 3 Insider Report for Alset Capital Acquisition Corp. (ACAX)

Role
10%+ Owner
Signature
Alset Acquisition Sponsor, LLC By: Alset SPAC Group Inc., its Sole Member /s/ Heng Fai Ambrose Chan, Chief Executive Officer
Stock symbol
ACAX
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
3
Date filed
2/10/2022, 03:56 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ACAX Class A common stock, par value $0.0001 per share 474K Jan 31, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ACAX Class B common stock, par value $0.0001 per share Jan 31, 2022 Class A common stock, par value $0.0001 per share 2.16M Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 3, 2022, Alset Acquisition Sponsor, LLC (the "Sponsor") purchased 473,750 units (the "Private Placement Units") pursuant to a private placement. Each Private Placement Unit consists of one share of Class A common stock, one-half of one warrant and one right entitling the holder to receive one tenth (1/10) of one share of Class A common stock.
F2 The shares of Class A common stock are underlying units (the "Private Placement Units"). Each Private Placement Unit consists of one share of Class A common stock, one-half of one warrant and one right entitling the holder to receive one tenth (1/10) of one share of Class A common stock.
F3 On November 8, 2021, the Sponsor agreed to purchase 2,156,250 shares of Class B common stock (the "Founder Shares") pursuant to a private placement for an aggregate purchase price of $25,000, or approximately $0.012 per share.
F4 As described in the issuer's registration statement on Form S-1 (File No. 333-262152) under the heading "Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration.