Alset Inc. 8-K

What Happened
Alset Inc. (filed 8-K on March 30, 2026) disclosed that its majority-owned subsidiary, Alset International Limited (AIL), entered on March 26, 2026 into a Securities Purchase Agreement to loan DSS, Inc. $2,450,000. In exchange AIL will receive a convertible promissory note and warrants to buy 16,554,055 shares of DSS common stock. The transaction closing is subject to certain conditions, including approval by DSS stockholders. The Note bears simple interest at 3% per year, is convertible into DSS common stock at $0.74 per share, and matures in five years. The Warrants have an exercise price of $0.93 per share and expire five years from issuance.

Key Details

• Loan amount: $2,450,000 (via Alset International Limited to DSS, Inc.).
• Note: 3% simple interest; convertible into DSS common stock at $0.74/share; 5-year maturity.
• Warrants: rights to purchase 16,554,055 shares at $0.93/share; expire in 5 years.
• Related-party: Alset holds a significant equity interest in DSS and several directors/officers serve on both company boards; the Board and Audit Committee approved the deal and certain directors recused.

Why It Matters
This is a material related-party financing by Alset’s subsidiary to a company (DSS) with overlapping management and directors. For investors, the deal could increase Alset’s economic exposure to DSS and may lead to equity ownership or warrant-driven position in DSS if conversion/exercise occurs, which could affect Alset’s investment value and disclosures. The transaction is contingent on DSS shareholder approval and was approved by Alset’s Board with recusals noted, which addresses governance steps but highlights conflict-of-interest considerations to monitor.