Financing ·
HWH International Inc. closed a $10,000,000 PIPE transaction with Smart Dynamics Technology Limited on August 10…
HWHHWH International Inc.
HWH International Inc. closed a $10,000,000 PIPE transaction with Smart Dynamics Technology Limited on August 10, 2026, issuing 20,000,000 shares of common stock and warrants to purchase up to 160,000,000 additional shares at an exercise price of $0.63 per share. The transaction resulted in a change of control, with Smart Dynamics becoming the largest shareholder holding approximately 67.3% of outstanding shares, displacing former majority holder Alset Inc., which retained 18.6%. Smart Dynamics was granted the right to appoint three directors—Liu Chang, Liu Ming Xing, and Liu Ming Hui—to the Board, increasing its size from five to eight members. Concurrently, the Company awarded 2,000,000 shares of restricted stock to directors, officers, and consultants on August 7, 2026. The company operates in the energy sector.