other material
confidence high
sentiment neutral
materiality 0.40
Alset EHome subsidiary assigns AMRE convertible note to DSS for 21.4M shares
Alset Inc.
- AIL assigned a convertible promissory note from American Medical REIT to DSS in exchange for 21,366,177 shares of DSS common stock; closed July 12, 2022.
- Amendment No. 1 removed the share-count adjustment that would have triggered if closing occurred after May 15, 2022.
- Alset (including majority-owned subs) is DSS's largest stockholder; AEI's Chairman/CEO also serves as DSS Chairman (related-party transaction).
- No additional financial terms beyond the fixed share consideration were disclosed.