other material
confidence high
sentiment neutral
materiality 0.40
Alset Inc. agrees to buy 820,597 shares of DSS, Inc. for $800K in related-party deal
Alset Inc.
- Alset to purchase 820,597 newly issued DSS common shares at $0.9749/share, total $800,000.
- DSS is a related party: Alset is its largest shareholder; Alset's Chairman/CEO is Executive Chairman of DSS.
- Transaction exempt from SEC registration under Section 4(a)(2) and Rule 506(b).
- Closing requires satisfaction of conditions including NYSE authorization if applicable.