HWH International Inc.

HWH International Inc. received a Nasdaq delisting notice for failing to meet the minimum stockholders' equity requirement. The company's equity of $2,078,220 as of March 31, 2026, was below the required $2.5 million. HWH has 45 days, until July 13, 2026, to submit a plan to regain compliance, with a potential extension until November 25, 2026. The notice has no immediate effect on stock trading, and the company intends to submit a compliance plan.

HWH International Inc. entered into a Securities Purchase Agreement with Smart Dynamics Technology Limited to raise $10 million through a Private Investment in Public Equity (PIPE). The company will sell 20 million shares of common stock and warrants to purchase up to 160 million additional shares at an exercise price of $0.63 per share. The proceeds are intended for general working capital and operational expansion. The agreement also grants Smart Dynamics anti-dilution rights and the ability to appoint three directors, subject to maintaining a majority stake and stockholder approval.

HWH International Inc. reported a widened net loss of $626,773 for the three months ended March 31, 2026, compared to a net loss of $574,103 in the prior year. Food & Beverage revenue significantly decreased to $64,200 from $295,197. The company's financial condition raises substantial doubt about its ability to continue as a going concern, though management expects to mitigate this with existing cash and support from its majority stockholder, Alset Inc.

HWH International Inc. secured a $10 million investment from Smart Dynamics Technology Limited, involving the sale of 20 million common shares and warrants to purchase 160 million shares at $0.63 each. The proceeds are intended for general working capital and expansion, with the investor also gaining board representation and anti-dilution rights. Concurrently, the company terminated its planned acquisition of Hapi Metaverse Inc. from its majority stockholder, Alset Inc., stating it was not in the company's best interest. Additionally, HWH's Board approved an amendment to its 2025 Incentive Compensation Plan, authorizing an additional 2 million shares for compensation, subject to shareholder approval.