APR 1·Investing.com→
DSS enters $2.45 million convertible loan agreement with Alset International
DSS, Inc. has announced a $2.45 million convertible loan agreement with Alset International Limited, a subsidiary of Alset Inc., both under the control of Chan Heng Fai. This agreement involves a convertible promissory note with a 3% annual interest rate and a warrant to purchase DSS common stock, conditional on DSS shareholder approval. In separate news, DSS also recently priced a public offering expected to raise approximately $1 million for general corporate and working capital needs.
MAR 31·Stock Titan→
Alset Inc. (NASDAQ: AEI) extends $2.45M 3% convertible loan and warrants to DSS
Alset Inc., through its majority-owned subsidiary Alset International Limited, has finalized a material financing arrangement with related-party company DSS, Inc. This agreement involves a $2.45 million 3% convertible promissory note and warrants to purchase 16,554,055 DSS shares. The transaction, approved by Alset's Board and Audit Committee, with recusal of overlapping directors, is contingent on DSS stockholder approval and aims to provide both interest income and potential equity upside for Alset.
