DSS agrees to $1 million loan from related party Alset, with warrants for 17.8 million shares
On June 23, 2026, DSS entered into a securities purchase agreement under which related party Alset will lend the company $1,000,000 in exchange for a convertible note and warrants. The closing is subject to closing conditions, including stockholder approval, and the deal involves a related party under common control of Chairman Chan Heng Fai, which matters because the potential share issuance would dilute existing holders if converted or exercised.
Key points
- Alset to loan DSS $1,000,000 in exchange for a convertible promissory note and warrants
- Note bears 3% simple interest, is convertible at $0.45 per share, and matures five years from issuance
- Warrants cover up to 17,777,776 common shares at $0.50 per share and expire on their third anniversary
- Closing requires stockholder approval; Alset and DSS are related parties under common control of Chan Heng Fai
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.