Alset EHome International Inc. (AEI) has experienced an increase of 4.23% in the premarket today. However, the last trading session closed at $2.84 with an incline of 13.15%.
$40 Million Investment from Document Security Systems, Inc.
AEI announced the completion of a subscription agreement with Document Security Systems, Inc. on 9th September 2021. APB will issue 6,666,700 shares of its common stock. The common stock price is $6.00 per share under the subscription agreement.
As a result of this transaction, DSS now owns more than half of APB’s outstanding common stock. This makes it the company’s dominant owner. Moreover, AEI has remained a substantial stakeholder in APB. APB wants to integrate digital banking capabilities into commercial banks in the United States as it buys equity interests in them in order to provide global banking services to global clients and enhance efficiency.
DSS Receives $15 Million Investment from AEI
Alset EHome International, Inc. has announced a $15 million investment in the company on 8th September 2021. DSS will issue 12,155,591 shares of its common stock at a purchase price of $1.234 per share, for a total of $15 million.
Furthermore, this purchase demonstrates Alset’s trust in DSS. As they work together toward a shared goal of success and a brighter future for the world, their mutually advantageous collaboration with Alset allows both firms to drive development going forward.
AEI Reports Revenue Up 142% to $12.2M
AEI reported revenue stats on 19th August 2021.
- First, strong growth in the Company’s real estate and bio health sectors drove revenue up 142 percent to $12.2 million in the six months ended June 30, 2021.
- Second, sales growth and higher gross margins in the bio health sector drove gross margins up from $1.0 million to $5.8 million in the six months ended June 30, 2020, and 2021, respectively.
- Third, the Company incurred other expenditures of about $79.2 million in the six months. These months ended June 30, 2021, compared to other revenue of $2.8 million in the six months ended June 30, 2020.
AEI Accelerates Growth Plans after Fortifying War Chest with Latest Capital Raise
AEI provided an update on the company’s recent capital raising and expansion ambitions on 5th August 2021. The Company has secured gross proceeds of approximately US$90 million over the last eight months. This created a significant war chest of cash to pursue its complete development objectives.
Moreover, AEI has taken the required steps to guarantee that they have sufficient cash to execute their strategy in the quarters ahead. Lastly, they will be able to implement critical strategic initiatives to position AEI for long-term, sustainable development.