Alset AI Ventures Inc. Enhances Balance Sheet with Loan Repayment

Alset AI Ventures Inc., an artificial intelligence venture company, announced the full repayment of a secured loan totaling approximately $3.7 million, including interest, from its portfolio company Cedarcross International Technologies Inc. This repayment under the Amended Secured Loan Agreement enhances Alset AI's financial liquidity, facilitating its strategic investment initiatives.

The repayment includes a principal of $3,688,484.49 and accrued interest of $224,815.75. This financial return strengthens the company's ability to invest in AI and cloud computing technologies. CEO Adam Ingrao emphasized the opportunity to invest capital in sectors with high growth potential, thereby reinforcing long-term investor value.

The company plans to file necessary documents to release any associated security interests. The repayment not only accelerates Alset AI's strategic growth plans but aligns with its vision for expanding its AI and cloud computing ventures.