Latest news with #AdamIngrao
Associated Press
3 days ago
- Business
- Associated Press
Alset AI to Amend Warrants and Launch Early Exercise Incentive Program to Accelerate Growth and Further Strengthen Capital Position
Program Expected to Enhance Financial Flexibility, Optimize Capital Structure, and Support Scaling of platform and Commercial Pipeline VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60)(WKN:A3ESVQ) ('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions is pleased to announce that it intends to amend the exercise price of an aggregate of 19,999,993 outstanding common share purchase warrants currently expiring on March 15, 2027 and March 22, 2027 (the 'Warrants'). The Warrants were issued pursuant to a private placement that closed in two tranches on March 15, 2024 and March 22, 2024. 'This strategy provides us with an opportunity to further strengthen our balance sheet by unlocking growth capital from our existing capital structure,' said Adam Ingrao, CEO of Alset AI. 'As we scale Lyken's platform-as-a-service offering and pursue high-quality infrastructure opportunities, a stronger balance sheet positions us to move with speed and confidence. This is a shareholder-aligned way to capitalize on momentum in the AI infrastructure market while enhancing long-term value.' The Warrants have a current exercise price of $0.25 and the Company intends to amend the exercise price to $0.15. In connection with the re-pricing of the Warrants, the amended Warrants shall include an accelerated expiry provision (the 'Acceleration Provision'). Pursuant to the Acceleration Provision, if the closing price of the Company's shares is $0.1875 or higher for 10 consecutive trading days (the 'Premium Trading Days'), Warrantholders will have 30 calendar days before expiry to exercise their Warrants, commencing 7 calendar days after the last Premium Trading Day. Except for the amended exercise price and the Acceleration Provision, all other terms of the Warrants will remain the same. The proposed amendments to the Warrants are subject to acceptance by the TSXV and prior consent of the Warrantholders. In addition, the Company is pleased to announce that it intends to undertake an early exercise warrant incentive program (the 'Incentive Program') designed to encourage the exercise of the above noted outstanding Warrants. The Incentive Program shall be valid for a period of 45 days from the commencement date ('Incentive Program Expiry Date'). For each Warrant exercised on or prior to the Incentive Program Expiry Date by a Warrantholder, the Company shall issue to the Warrantholder one-half of one additional common share purchase warrant exercisable at a price of $0.25 for a period of 12 months from the date of issuance ('Incentive Warrants'). The Incentive Program and the re-pricing of the Warrants are conditional to the approval of the TSXV. Upon receipt of the approval, the Company shall send a notice to the Warrantholders outlining the details of the Incentive Program and the Incentive Program Expiry Date. This initiative reflects Alset AI's proactive approach to capital management, leveraging its existing capital structure to support strategic objectives. The warrant amendment and incentive program are designed to enhance long-term financial efficiency and flexibility, align with shareholder interests, and accelerate the Company's execution priorities, including the scaling of infrastructure platform and support execution across the Company's expanding commercial and strategic pipeline. About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high- potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao Chief Executive Officer T: 236.312.6744 E: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note regarding Forward Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to the repricing of the Warrants, the commencement of the Incentive Program, and the TSXV's approval of the Warrant repricing the Incentive Program, the results of the Incentive Program, and the expected benefits to the Company from the Incentive Program. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward- looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at SOURCE: Alset AI Ventures Inc. press release
Associated Press
7 days ago
- Business
- Associated Press
Alset AI Partners with Excel Computility to Expand AI Infrastructure Through Scalable PaaS Offering
Strategic Partnership Aims to Boost PaaS Model with Integrated Power and AI-Optimized Hardware Solutions VANCOUVER, BC / ACCESS Newswire / May 29, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60, WKN:A3ESVQ)('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce a strategic partnership with Excel Computility Service Ltd. ('Excel Computility'), a Richmond, BC-based provider specializing in AI-optimized hardware, services, and data center solutions. The strategic partnership has been formalized through a subcontracting agreement (the 'Agreement') between the Company and Excel Computility dated May 28, 2025. This collaboration aims to significantly scale the Platform-as-a-Service ('PaaS') model of Alset AI's portfolio company, ('Lyken') by integrating Excel Computility's advanced graphics processing unit ('GPU') clusters, AI-ready NAS systems, and data center expertise. The Agreement will remain in effect until all obligations have been provided in full (the 'Term'). Throughout the Term, Excel Computiliy will provide Cloud Computing hardware, support, and related services to Lyken, and other third-party clients with whom the Company has existing contractual relationships. Excel Computility brings experience in data center construction and offers a range of services including public and private cloud solutions, AI data center project consulting, and AI-ready NAS systems. Their infrastructure features high-performance servers such as Gigabyte G292-40/45 and Supermicro SYS-821GE-TNHR, equipped with 8 GPUs (H100, A100, or A6000), designed to meet the demanding requirements of AI workloads. Adam Ingrao, CEO of Alset, stated: 'Our formalized partnership with Excel Computility is a significant step forward in expanding Lyken's PaaS capabilities. By integrating Excel Computility's advanced hardware and data center solutions, we are enhancing our ability to provide scalable, efficient, and high-performance AI infrastructure to our clients across Canada and the United States.' This partnership aligns with Lyken's mission to provide end-to-end AI infrastructure solutions, enabling startups, enterprises, and public institutions to scale AI deployment with speed and confidence. The integration of Excel Computility's services will allow Lyken to offer a more robust and scalable platform, addressing the growing demand for AI compute power. About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. About Excel Computility Service Ltd. Excel Computilityis a pioneering AI cloud and edge computing company dedicated to accelerating the AI revolution across Canada and multiple industry verticals. By delivering comprehensive, full-stack solutions-including AI data centers (AIDC), GPU cloud services, model-as-a-service (MaaS), and industry-specific edge AI solutions. Excel Computility empowers businesses to adopt AI in a service-driven, cost-effective manner, driving operational excellence and innovation. For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao Chief Executive Officer T: 236.312.6744 E: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to the strategic partnership between Alset AI and Excel Computility, including the collaboration's objective to significantly scale Lyken's PaaS model, anticipated steps to integrate Excel's advanced hardware and data center solutions to enhance Alset AI's ability to deliver scalable, efficient, and high-performance AI infrastructure across Canada and the United States, the parties' shared aspiration to empower startups, enterprises, and public institutions to deploy AI solutions with speed and confidence, and any implications resulting from the integration of Excel Computility with the Company's business. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at SOURCE: Alset AI Ventures Inc. press release
Associated Press
14-05-2025
- Business
- Associated Press
Alset to Host Investor Webinar on May 22, 2025
Investors Invited to Submit Questions for Q&A with Executive Team VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / May 14, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A3ESVQ) ('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions, today announced that it will host an investor webinar (the 'Webinar') on Thursday, May 22, 2025, at 11:00 a.m. Eastern Time. The Webinar will provide an overview of the Company, strategic update covering key milestones achieved to date and insights into what investors can expect from Alset AI for the remainder of 2025. The event will include a Q&A session, where the executive team will respond to investor-submitted questions. Investors are encouraged to submit questions in advance by emailing [email protected] no later than Tuesday, May 20, 2025. Event Details: Title: Alset AI Ventures Investor Webinar Date: Thursday, May 22, 2025 Time: 11:00 a.m. ET Registration Link: A replay of the Webinar and related materials will be available on the Company's investor relations website following the event. About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao Chief Executive Officer T: 236.312.6744 E: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note regarding Forward Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to Alset AI's plans to host the upcoming Webinar, including the anticipated content and format of the Webinar, and the date and timing of the Webinar. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at SOURCE: Alset AI Ventures Inc. press release
Associated Press
01-05-2025
- Business
- Associated Press
Alset Engages Silver Birch Growth to Accelerate Commercialization and Revenue Growth Across Portfolio Companies, With Immediate Focus on Cedarcross
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / May 1, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60, WKN:A3ESVQ) ('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce its entry into an engagement agreement (the 'Agreement') dated April 30, 2025, with Silver Birch Growth ('Silver Birch'), a leading go-to-market and revenue acceleration firm, to provide a strategic review of the Company's revenue generators across its portfolio companies, beginning with Cedarcross Technologies, the Company's AI infrastructure business. Silver Birch specializes in scaling early-stage B2B software, data, and services companies, providing critical go-to-market capital, industry expertise, and a track record of success with partnerships such as getitAI, and KindMarketing. Management Commentary: 'We are excited to partner with the Silver Birch team to aggressively advance the commercialization efforts of current and future portfolio companies,' said Adam Ingrao, CEO of Alset AI. 'Silver Birch's model, delivering go-to-market strategy and execution through a unique B2B sales model, aligns perfectly with our growth strategy. We believe this collaboration will not only accelerate revenue generation but also sharpen product-market fit and enhance long-term value creation for our stakeholders.' About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. About Silver Birch Growth Silver Birch provides go-to-market capital and sales execution to B2B software, data, and services companies with early-stage recurring revenue. Silver Birch offers rapid acceleration for companies ready to commercialize and grow. For further information please visit: For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao Chief Executive Officer T: 236.312.6744 E: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note regarding Forward Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to Silver Birch and Alset AI's plans to advance the commercialization of current and future portfolio companies, including Cedarcross Technologies, and Alset AI's beliefs that its collaboration with Silver Birch will accelerate revenue generation, improve product-market fit and enhance long-term value creation for stakeholders. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at 64326618.3 64326618.5 SOURCE: Alset AI Ventures Inc. press release
Associated Press
26-03-2025
- Business
- Associated Press
Alset AI Completes Strategic Investment in Henon Financial Technologies, Advancing AI-Driven Fintech Innovation
VANCOUVER, BC / ACCESS Newswire / March 26, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60, WKN:A3ESVQ)('Alset AI' or the 'Company') an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce the successful closing of its strategic investment of approximately CAD$250,000 in Henon Financial Technologies Inc. ('Henon'). Strengthening AI and Fintech Innovation Henon is at the forefront of AI-driven software solutions for private equity and credit firms, making it a key partner for Alset AI's cloud computing platform. This investment expands Alset AI's fintech presence, creating opportunities to power high-performance AI-driven financial applications with scalable, secure, and intelligent cloud solutions. Building a Stronger Talent Ecosystem Beyond the financial investment, this collaboration enhances Alset AI's growing talent ecosystem, aligning both teams in their shared mission to advance AI-driven decision-making in financial markets. Alset AI will actively assist Henon in achieving its strategic objectives, leveraging its expertise in cloud computing, AI infrastructure, and operational scaling. Management Commentary 'We are thrilled to officially complete our investment in Henon and deepen our collaboration with their exceptional team,' said Adam Ingrao, CEO of Alset AI. 'This investment is more than just capital-it's a commitment to fostering innovation and talent in the AI and fintech space. We will continue working towards finalizing a preferred cloud partnership in due course, which would allow us to further integrate our cloud computing capabilities into their AI-driven financial solutions.' About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. About Henon Financial Technologies Inc. Henon is a leading provider of AI-driven software solutions for private equity and credit firms, offering advanced portfolio monitoring, reporting, and model-driven insights. By blending technical innovation with financial expertise, Henon transforms financial complexity into clarity, providing intelligence to move faster and invest smarter. Henon supports a global network of clients from offices in Toronto, Chicago and Montreal. For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao T: 236.312.6744 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to the perceived benefits of the transactions contemplated by the Company's strategic investment in Henon (the 'Transaction'), any impacts of the investment made by the Company in Henon, how the Company will support Henon as part of the partnership, the ability of Alset AI to strengthen its presence and create opportunities as a result of the Transaction, the potential finalization of a preferred cloud partnership, the projected growth and strategies of Alset AI, long term value creation for Alset AI and Henon, scalability of Henon, and Alset AI's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at
