0001493152-26-014289
SEC filingDSS, Inc. entered into a securities purchase agreement with Alset International Limited on March 26, 2026, for a $2.45 million loan convertible into common stock and warrants, subject to stockholder approval.
DSS, Inc. has entered into a financing arrangement with Alset International Limited, a majority-owned subsidiary of Alset Inc., to raise $2.45 million through a convertible note and warrants. This transaction is structured as a related-party deal, given the common control by Chan Heng Fai, who serves as Chairman of DSS and Chairman and CEO of Alset Inc., with additional overlapping directors. The financing provides DSS with immediate capital while offering Alset International Limited the potential for equity conversion at a fixed price of $0.74 per share and warrant exercise at $0.93 per share. The five-year terms for both the note and warrants provide a long-term horizon for conversion and exercise. The requirement for stockholder approval introduces a condition precedent, indicating the transaction's significance and potential governance considerations. The board's approval, with recusals from interested directors, underscores the formal review process for this related-party transaction.