Alset subsidiary AIL loans $2.45M to related party DSS via convertible note and warrants

Alset Inc.

Loan amount $2.45M; 3% simple interest, convertible at $0.74/share, 5-year maturity.
Warrants for 16.55M shares at $0.93/share (25% premium to conversion price), 5-year term.
Closing conditioned on DSS stockholder approval; related-party due to overlapping directors/CEO.
Alset Chairman/CEO Chan Heng Fai also DSS Chairman; multiple directors recused from approval.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alset Inc. entered into Securities Purchase Agreement with DSS, Inc. valued at $2,450,000 (effective 2026-03-26).

Action: entry
Agreement: equity purchase
Counterparty: DSS, Inc.
Value: $2,450,000
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, Alset International Limited (“AIL”), a majority-owned subsidiary of Alset Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with DSS, Inc., a New York company (“DSS”) pursuant to which AIL will loan DSS $2,450,000, in exchange for a convertible promissory note (the “Note”) and warrants to purchase 16,554,055 shares of DSS common stock (the “Warrants”).

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-013661

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