Alset AI Closes Shares for Debt Transaction-March 2024-www.financetom.com

Alset AI Closes Shares for Debt Transaction

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Alset AI Closes Shares for Debt Transaction

Mar 13, 2026 2:21 PM

04:51 PM EDT, 03/13/2026 (MT Newswires) -- Alset AI Ventures ( GPUSF ) , an artificial intelligence venture company trading near 52 week lows, after the market close on Friday announced that it has closed its previously-announced shares for debt transaction pursuant to debt settlement agreements dated Jan. 4, 2026.

According to the statement, the debt settlement transaction was completed through the issuance of near 3.48-million shares in the capital of the company at a deemed price of $0.055 per share in full and final satisfaction of $191,160.37.

The debt settlement transaction was completed in order to preserve funds for the company's operations and improve its balance sheet, it added.

Shares of the company closed unchanged at $0.045 on Friday.

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