{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-013661","form_type":"8-K","ticker":"AEI","cik":"0001750106","company_name":"Alset Inc.","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.070725+00:00","generated_at":"2026-05-15T08:24:56.354578+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Alset subsidiary AIL loans $2.45M to related party DSS via convertible note and warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-013661","json":"https://secwatch.observer/filing/0001493152-26-013661.json","markdown":"https://secwatch.observer/filing/0001493152-26-013661.md","text":"https://secwatch.observer/filing/0001493152-26-013661.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750106/000149315226013661/0001493152-26-013661-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750106/000149315226013661/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:24:56.354578+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6d8c10b83c3dc577a42c859e053f7add081b608","claim":"Alset Inc. entered into Securities Purchase Agreement with DSS, Inc. valued at $2,450,000 (effective 2026-03-26).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750106/000149315226013661/0001493152-26-013661-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"DSS, Inc."},{"label":"Value","value":"$2,450,000"},{"label":"Effective","value":"2026-03-26"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}