other material
confidence high
sentiment neutral
materiality 0.40
DSS subsidiary settles $540k interest on SHRG note with 28.9M shares
DSS, INC.
- Second Letter Agreement dated April 17, 2023 between DSSI and SHRG settles interest from Jan 1 to Mar 31, 2023.
- SHRG will issue 28,877,005 shares of common stock at $0.0187 per share to satisfy $540,000 in accrued interest.
- Shares issued in lieu of cash for interest on the $27.0 million convertible note (8% annual rate, due May 2024).
- Prior settlement used 26,285,714 shares for interest through Dec 31, 2022.