secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2026-06-25T21:15:21+00:00
Accession:  0001493152-26-030176
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alset lends DSS $1M via convertible note and warrants; requires stockholder approval
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- Alset loans $1M to DSS at 3% simple interest; note convertible at $0.45/share, matures in 5 years.
- Alset receives warrants to purchase 17,777,776 DSS shares at $0.50/share, expiring in 3 years.
- Conversion and warrant exercise require DSS stockholder approval under NYSE American rules.
- Transaction is with related party: Chan Heng Fai chairs both companies; three directors overlap.
- Alset's board and audit committee approved; conflicted directors recused from voting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226030176/0001493152-26-030176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226030176/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030176

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