debt
confidence high
sentiment neutral
materiality 0.65
DSS enters $1M loan with related party Alset; note convertible at $0.45, warrants at $0.50
DSS, INC.
- $1M loan from Alset (related party under common control of Chairman Chan Heng Fai).
- Convertible note: 3% simple interest, 5-year maturity, conversion price $0.45/share.
- Warrants for 17,777,776 shares at $0.50/share, expiring on 3-year anniversary of issuance.
- Closing subject to stockholder approval; Board and Audit Committee approved with interested directors recused.