DealsSep 21, 2026, 04:25 PM
Alset Buys $500K Note & Warrants in DSS Deal
AI Summary
Alset Inc. has entered into a securities purchase agreement with DSS, Inc. to acquire a convertible promissory note and warrants for $500,000. The note accrues 3% interest annually and is convertible into DSS common stock at $0.50 per share, while the warrants allow for the purchase of 8,000,000 shares at $0.55 each. Both parties are related, with Alset holding a significant stake in DSS and sharing common control. The transaction requires DSS stockholder approval.
Key Highlights
- Alset Inc. purchased a convertible promissory note and warrants from DSS, Inc. for $500,000.
- The convertible note bears 3% annual interest and is convertible into DSS common stock at $0.50 per share.
- Warrants allow Alset to purchase 8,000,000 shares of DSS common stock at an exercise price of $0.55 per share.
- The transaction is subject to approval by DSS stockholders.
- Alset Inc. holds a 39.4% equity interest in DSS, and both companies share common control under CEO Chan Heng Fai.
Price Impact
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