If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
Aggregate amount includes (i) 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock, $0.0001 par value held by Alset Acquisition Sponsor, LLC; (ii) 1,002,600 shares of common stock owned directly by Mr. Chan; (iii) 1,891,279 shares of common stock held by Alset International Limited; and (iv) 2,537,590 shares of common stock held by Alset Inc., over which Mr. Chan may be deemed to possess indirect beneficial ownership as the Chief Executive Officer and Chairman of Alset Inc. and Alset International Limited. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Aggregate amount includes (i) 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock, $0.0001 par value held by Alset Acquisition Sponsor, LLC, a majority owned subsidiary of Alset Inc.; (ii) 1,891,279 shares held by Alset International Limited, a majority owned subsidiary of Alset Inc; and (iii) 2,537,590 shares held by Alset Inc. directly. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Aggregate amount includes 535,475 shares and warrants convertible into 47,375 shares of the Issuer's common stock. Percentage is based on 7,476,400 shares of the Issuer's common stock outstanding as of April 1, 2026.


SCHEDULE 13D


 
Heng Fai Ambrose Chan
 
Signature:/s/ Heng Fai Ambrose Chan
Name/Title:Heng Fai Ambrose Chan, an Individual
Date:04/01/2026
 
Alset Inc.
 
Signature:/s/ Heng Fai Ambrose Chan
Name/Title:Heng Fai Ambrose Chan, Chief Executive Officer
Date:04/01/2026
 
Alset International Limited
 
Signature:/s/ Heng Fai Ambrose Chan
Name/Title:Heng Fai Ambrose Chan, Chief Executive Officer
Date:04/01/2026
 
Alset Acquisition Sponsor, LLC
 
Signature:/s/ Heng Fai Ambrose Chan
Name/Title:Heng Fai Ambrose Chan, Chief Executive Officer of Alset SPAC Group Inc., its sole member
Date:04/01/2026