M&A
confidence high
sentiment neutral
materiality 0.60
DSS issues 21.4M shares to acquire $8.72M convertible note from affiliate
DSS, INC.
- DSS issued 21,366,177 shares of common stock to acquire a convertible note from Alset International Limited (AI), an affiliate.
- The note was originally issued by American Medical REIT, Inc. (AMRE) with $8.35M principal and 8% interest.
- Purchase price of $8,717,400 (principal + accrued interest) valued at $0.408 per share.
- Transaction closed July 12, 2022; shares exempt from registration under Section 4(a)(2) of Securities Act.
- AI is a majority-owned sub of Alset EHome (AEI), DSS's largest shareholder; AEI's chairman also chairs DSS.