Press Release – New York, NY – February 7, 2022 – Sichenzia Ross Ference LLP announced today that it represented Alset Capital Acquisition Corp. (Nasdaq: ACAXU), a newly formed blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in its NASDAQ listing and initial public offering of 7,500,000 units at a public offering price of $10.00 per share, each unit including one Class A common stock, one half of one redeemable warrant, and one right to receive one tenth (1/10) of one share of Class A common stock upon consummation of an initial business combination. The gross proceeds from the offering, including the over-allotment option shares, were $86,250,000 before deducting underwriting discounts, commissions and offering expenses.
The Sichenzia Ross Ference LLP team was led by partners Darrin M. Ocasio, Gregory Sichenzia, Arthur Marcus, and associates Matthew Siracusa, counsel Jennifer Trowbridge, and law clerk Michael Blane.
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