Corporate News – Alset Inc. (AEI)
Alset Inc. (Nasdaq: AEI) experienced a 6.94 % decline over the 24‑hour trading period that concluded at 11:36 p.m. Central Europe on Wednesday, 21 October 2026. The share price currently trades at approximately USD 0.62 on the Nasdaq, with a market capitalization of USD 24.1 million and a total outstanding supply of 38.9 million shares. In the last 24 hours, the volume traded amounted to roughly USD 4.4 k.
Reverse Split Announcement
On 5 October 2026, Alset’s majority shareholders, by written consent, approved an amendment to the company’s Certificate of Formation to effect a reverse stock split of 1‑for‑5. The split is intended to keep the company compliant with Nasdaq’s Minimum Bid Price Requirement. The split will take effect no sooner than 20 days after the filing of the information statement.
Key implications of the reverse split:
- Outstanding common shares will be reduced by 80 %; the total equity value of the company will remain unchanged.
- Shareholders will receive cash in lieu of any fractional shares resulting from the split.
- Alset will manage the transition of certificates and electronic holdings to ensure a seamless shift for all investors.
The reverse split is positioned as part of Alset’s broader strategy to enhance liquidity and market presence while preserving shareholder value.
Recent Price Movements
Alset’s price has been under pressure, falling 30.48 % since the end of September. The 200‑day simple moving average sits at USD 1.66, underscoring the depth of the current sell‑side momentum. The stock’s 52‑week high of USD 3.98 (recorded on 1 July 2026) and 52‑week low of USD 0.55 (recorded on 20 October 2026) illustrate the volatility that has characterized the equity in the past year.
Peer Performance Snapshot
| Symbol | 24‑hr Change | Current Price (USD) | Market Cap (USD) |
|---|---|---|---|
| WEXPF | +0.59 % | 0.44 | 28 mn |
| CREX | +2.38 % | 2.20 | 28.4 mn |
| BSEM | +6.49 % | 1.68 | 28.6 mn |
| XTIA | –2.02 % | 0.77 | 28.6 mn |
| RNAZ | –1.18 % | 1.66 | 28.8 mn |
Xti Aerospace (XTIA) disclosed its Q2 2026 results, noting revenue growth versus the prior year, a gross margin that remained below the 2025 level, and continued demand for enterprise drone solutions. The company reiterated its 2026 outlook, projecting a modestly higher full‑year revenue range and a gross‑margin target of 17‑19 %. XTIA also announced new product and partnership developments, including augmented‑reality hardware for its Drone Nerds platform and expanded autonomous docking solutions for public‑safety customers. Cash balances were reported as declining, but management expects a shift to positive operating cash flow in the final quarter of 2026, contingent on credit facility availability and tariff conditions.
Company Overview
Alset Inc. is a real‑estate development firm headquartered in Bethesda, United States. The company’s portfolio spans land development, home building, sales, rentals, and property management. Alset’s strategic goal is to create a sustainable, healthy living ecosystem through the development of a Real Estate Investment Trust (REIT) designed to generate long‑term income. Further details on Alset’s operations and strategic initiatives can be found on its website at www.alsetinc.com .
