DSS, Inc. Announces $500K Convertible Note and 8M Warrants from Alset

What Happened DSS, Inc. filed an 8-K on Sept. 21, 2026 reporting that on September 15, 2026 it entered into a Securities Purchase Agreement with Alset Inc. Under the agreement Alset loaned DSS $500,000 in exchange for a convertible promissory note and warrants to purchase 8,000,000 shares of DSS common stock. The transaction documents were approved by DSS’s Board and Audit Committee.

Key Details

• Amount and instruments: $500,000 loaned to DSS in exchange for a convertible note and warrants to purchase up to 8,000,000 shares.
• Note terms: payable on demand, bears simple interest at 3% per year, five-year maturity, convertible at $0.50 per share upon notice prior to maturity.
• Warrants: exercisable at $0.55 per share, expire five years from issuance.
• Governance and related party: Alset holds significant equity and multiple directors/officers overlap between DSS and Alset (including Chairman Chan Heng Fai); conversion or exercise requires DSS stockholder approval.

Why It Matters This is a related‑party financing that provides DSS with $500,000 in near-term capital but includes conversion and warrant features that could dilute existing shareholders if approved and exercised. The note is demand‑payable and convertible at a fixed low price, and the warrants cover a large number of shares—both reasons investors should watch for future shareholder votes and any filings showing conversion, warrant exercises, or changes to outstanding share count.