secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0001493152-22-019330
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alset EHome subsidiary assigns AMRE convertible note to DSS for 21.4M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315222019330/0001493152-22-019330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315222019330/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-019330

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