---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-043566"
form_type: "8-K"
ticker: "AEI"
cik: "0001750106"
company_name: "Alset Inc."
filed_at: "2026-09-21T20:15:41+00:00"
generated_at: "2026-09-21T20:17:28.095069+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Alset buys $500k convertible note + warrants for 8M DSS shares; related-party deal

## Summary
- Alset purchased $500k convertible promissory note from DSS, Inc. bearing 3% simple interest, convertible at $0.50/share.
- Warrants to buy up to 8,000,000 DSS common shares at $0.55 (10% premium), expiring 5 years from issuance.
- Conversion/exercise require DSS stockholder approval; note payable on demand, matures in 5 years.
- Deal is related-party: Chan Heng Fai controls both Alset and DSS; Alset already owns ~39.4% of DSS.
- Alset's board and audit committee approved; Chan Heng Fai and Chan Tung Moe recused from voting.

## SEC filing metadata
- accession: 0001493152-26-043566
- form_type: 8-K
- ticker: AEI
- cik: 0001750106
- company_name: Alset Inc.
- filed_at: 2026-09-21T20:15:41+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750106/000149315226043566/0001493152-26-043566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750106/000149315226043566/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-043566
- JSON: https://secwatch.observer/filing/0001493152-26-043566.json
- Plain text: https://secwatch.observer/filing/0001493152-26-043566.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.