Form 4: Alset Inc. Acquires Convertible Promissory Note in Value Exchange International, Inc.

Alset Inc., a 10% owner of Value Exchange International, Inc., receives a $30,000 convertible promissory note, potentially convertible into VEII common stock at $0.0166 per share.

Summary

• On March 28, 2025, Value Exchange International, Inc. (VEII) issued a convertible promissory note to Alset Inc. for $30,000.
• The note serves as consideration for a loan of the same amount.
• Alset Inc. has the option to convert the note into shares of VEII common stock within two years.
• The conversion price is set at $0.0166 per share.
• Chan Heng Fai Ambrose, a director and 10% owner of VEII, is also the majority shareholder, Chairman, and CEO of Alset Inc., holding dispositive control over these securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard transaction involving a convertible note. The potential impact depends on VEII's future performance and Alset's conversion decision.

Positives

• Alset Inc. gains a potential equity stake in VEII through the convertible note.
• VEII secures a $30,000 loan from Alset Inc.

Risks

• The value of the convertible note is dependent on the future performance of VEII's stock.
• The conversion of the note could dilute existing VEII shareholders.

Future Outlook

Alset Inc. has the option to convert the $30,000 note into shares of VEII common stock within the next two years, depending on their investment strategy and VEII's performance.

Industry Context

Convertible notes are a common financing tool for smaller companies, allowing them to raise capital without immediately diluting existing shareholders. The investor benefits from potential equity upside while earning interest on the note.

Related Party Transactions

• The transaction involves Alset Inc., controlled by Chan Heng Fai Ambrose, who is also a director and 10% owner of VEII, indicating a related party transaction.

Stakeholder Impact

• Existing VEII shareholders may experience dilution if Alset Inc. converts the note into common stock.
• VEII benefits from the $30,000 loan, which can be used to fund operations and growth.

Next Steps

• Alset Inc. will monitor VEII's performance and decide whether to convert the note into common stock.
• VEII will use the $30,000 loan for its business operations.

Key Dates

Keywords

Convertible Promissory Note, Alset Inc., Value Exchange International, VEII, Chan Heng Fai Ambrose, Beneficial Ownership, Form 4, Securities