other material
confidence high
sentiment neutral
materiality 0.60
DSS to acquire convertible promissory note from Alset for $8.7M payable in 21.4M shares
DSS, INC.
- DSS to purchase an $8.35M principal note (plus $367,400 accrued interest) issued by American Medical REIT, Inc.
- Consideration: 21,366,177 shares of DSS common stock valued at $0.408/share, totaling $8.717M.
- Closing subject to NYSE American listing approval and shareholder approval of DSS.
- Note bears 8% annual interest and is convertible into American Medical REIT common at $10.00/share.
- Transaction with Alset International Limited; note originally dated October 29, 2021.