Alset Inc.

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.

Alset Inc. entered into a securities purchase agreement with DSS Inc. on June 23, 2026, providing a $1,000,000 loan. In exchange, Alset received a convertible promissory note and warrants to purchase 17,777,776 shares of DSS common stock. The note bears 3% interest and is convertible at $0.45 per share, while the warrants are exercisable at $0.50 per share. Both companies are related parties under common control, and the transaction was approved by Alset's Board and Audit Committee, with conflicted directors recusing themselves.

Alset Inc. reported a narrowed net loss attributable to common stockholders of $4.52 million for the first quarter of 2026, a significant improvement from the $8.33 million loss in the prior year. Revenue for the quarter decreased by 8.2% to $980,778. The company also saw a substantial reduction in net cash used in operating activities and the release of all restricted cash. Despite recurring losses, management believes going concern doubts have been alleviated.

Alset Inc. and its subsidiary HWH International Inc. have mutually agreed to terminate their previously announced agreement for the sale of 99.55% of Hapi Metaverse Inc. shares. The original transaction, dated February 5, 2026, involved Alset selling 505,341,376 shares for $19,910,603.00, to be paid through a convertible promissory note from HWH. Management of both companies determined that terminating the sale is in their best interests, and no penalties or fees were incurred by either party.