Recent Updates — DSS

DSS, Inc. entered into a securities purchase agreement with Alset Inc., receiving a $500,000 loan in exchange for a convertible promissory note and warrants to purchase 8,000,000 shares of common stock. The note bears simple interest at 3% per annum, is payable upon demand, and matures five years from issuance. Conversion into equity occurs at $0.50 per share, while the warrants carry an exercise price of $0.55 per share and expire on their fifth anniversary. Stockholder approval is required for conversion or exercise. Alset holds a significant equity interest in DSS, Inc., and both entities are related parties under the common control of Chairman Chan Heng Fai. This transaction represents a significant financing event involving related-party transactions and potential dilution. DSS, Inc. operates in the technology sector, providing digital signage solutions.

DSS, Inc. entered into a securities purchase agreement with Alset, Inc. to receive a $1,000,000 loan via a convertible promissory note and warrants to purchase 17,777,776 shares of common stock. The note carries a 3% annual interest rate and allows Alset to convert principal and interest into common stock at $0.45 per share, while warrants allow for the purchase of up to 17,777,776 shares at $0.50 per share. This is a related-party transaction involving common control by Chan Heng Fai. DSS, Inc. operates in the technology and software services industry.