secwatch.observer — SEC 8-K summary
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Issuer:     Alset Inc. (AEI)
CIK:        0001750106
Form:       8-K
Filed at:   2026-09-21T20:15:41+00:00
Accession:  0001493152-26-043566
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226043566/0001493152-26-043566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750106/000149315226043566/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-043566

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