debt
confidence high
sentiment negative
materiality 0.65
DSS enters $2.45M convertible note and warrant deal with related party Alset International
DSS, INC.
- Loan of $2,450,000 via convertible promissory note at 3% simple interest.
- Note convertible at $0.74/share; warrants for 16,554,055 shares at $0.93.
- Transaction with Alset International Limited, a related party under common control of Chan Heng Fai.
- Closing subject to stockholder approval; interested directors recused from vote.
- Maturity and warrant expiry each five years from issuance.