Alset Capital Acquisition Corp. Provides Additional Update Regarding Stockholder Redemptions; Stockholders Who Wish To Withdraw Their Previously Submitted Redemption Requests May Do So By Contacting Alset's Transfer Agent Vstock Transfer, LLC
Portfolio Pulse from Happy Mohamed
Alset Capital Acquisition Corp. (NASDAQ:ACAX) has provided an update regarding stockholder redemptions. The company will be accepting requests by any public stockholder who submitted a request to redeem their Class A common stock prior to the deadline of July 28, 2023 to withdraw such previously submitted redemption requests until 5:00 p.m. Eastern Time on Wednesday, August 23, 2023.
August 14, 2023 | 5:01 pm
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Alset Capital Acquisition Corp. (ACAX) has updated its policy on stockholder redemptions, allowing for the withdrawal of previously submitted redemption requests until August 23, 2023.
The news is directly related to Alset Capital Acquisition Corp. (ACAX) and its stockholders. The ability to withdraw previously submitted redemption requests could potentially affect the company's stock liquidity and market dynamics, but it's not clear whether this will have a positive or negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100