---
title: "Alset Funds DSS With $1 Million Convertible Note, Secures 17.8M Warrants at $0.50"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290882424.md"
description: "Alset Inc. entered a Securities Purchase Agreement with DSS to provide $1 million in financing via a convertible promissory note and warrants. The note bears 3% interest, converts at $0.45/share, and matures in five years. Alset received warrants for ~17.8M shares at $0.50/exercise price, expiring in three years. Both conversion and warrant exercise require DSS stockholder approval."
datetime: "2026-06-25T21:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290882424.md)
  - [en](https://longbridge.com/en/news/290882424.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290882424.md)
---

# Alset Funds DSS With $1 Million Convertible Note, Secures 17.8M Warrants at $0.50

Alset entered into a Securities Purchase Agreement with DSS to provide $1.0 million of financing via a convertible promissory note and accompanying warrants. The demand note bears 3% simple interest and may be converted at Alset's option into DSS common shares at $0.45 per share any time before the five-year maturity. Alset also received warrants to purchase 17,777,776 DSS shares at an exercise price of $0.50, expiring three years from issuance. Conversion of the note and exercise of the warrants are subject to DSS stockholder approval.

**Agreement details:**

-   **Agreement type**: Securities purchase agreement for $1.0 million convertible promissory note and warrants
-   **Counterparty**: DSS
-   **Signed / Effective**: Jun 23 2026 / same
-   **Duration / Termination**: Note up to 5 years; Warrants 3 years
-   **Reason**: Provide financing with potential equity upside in DSS

Original SEC Filing: Alset Inc. \[ AEI \] - 8-K - Jun. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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