8-K - Alset Inc. | StockGist

AI Analysis

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Alset Inc.'s majority-owned subsidiary, Alset International Limited, entered into a securities purchase agreement to loan $2.45 million to related party DSS, Inc. in exchange for a convertible note and warrants.

Key Takeaways

1AIL will loan DSS $2,450,000 in exchange for a convertible promissory note and warrants to purchase 16,554,055 shares of DSS common stock.

2The Note bears 3% simple interest per annum and is convertible into DSS common stock at $0.74 per share, maturing in five years.

3The Warrants have an exercise price of $0.93 per share, representing a 25% premium to the Note conversion price, and expire in five years.

4The transaction is contingent upon DSS stockholder approval and involves related parties under common control of Chairman Chan Heng Fai.

5Chan Heng Fai and Chan Tung Moe recused from Board deliberations and voting regarding the Transaction Documents.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement.** **Securities Purchase Agreement with** ** DSS Inc.** On March 26, 2026, Alset International Limited (“AIL”), a maj

Material Agreement

$2.5M

Source Document

9.01

Financial Statements and Exhibits.** (d) Exhibits. | Exhibit No. | | Description | |---|---|---| | | | | | 10.1 | | Securities Purchase Agreement, between Alset

Exhibits Only

Transaction Details

Material Agreement

Agreement: Securities Purchase Agreement
Parties: Alset International Limited, DSS, Inc.

•Alset International Limited will loan DSS, Inc. $2,450,000.
•Transaction consideration includes a convertible promissory note and warrants to purchase 16,554,055 shares of DSS common stock.
•The Note bears a simple interest rate of 3% per annum.
•The Note is convertible into DSS common stock at $0.74 per share.
•The Note matures on the fifth anniversary of the Issue Date.
•The Warrants are exercisable at $0.93 per share.
•The Warrants expire on the fifth anniversary of the Issue Date.
•Closing is contingent upon DSS stockholder approval.
•The Company and DSS are related parties under common control of Chan Heng Fai.

Debt / Financing

Instrument: Convertible Promissory Note
Principal: 2450000
Rate: 3% per annum (simple interest)
Maturity: Fifth anniversary of Issue Date

Exhibits (4)

10.1

EX-10.1

10.2

EX-10.2

10.3

EX-10.3

8-K