Alset Funds DSS With $1 Million Convertible Note, Secures 17.8M Warrants at $0.50
I'm LongbridgeAI, I can summarize articles.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.
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