DSS, Inc. receives $500,000 loan from related party Alset Inc.

DSS, Inc. (NYSE: DSS) entered into a securities purchase agreement with Alset Inc., a Texas corporation, on September 15, 2026, under which Alset loaned the company $500,000 in exchange for a convertible promissory note and warrants to purchase 8,000,000 shares of DSS common stock.

The note bears simple interest at 3% per annum and is payable upon demand. Alset may convert any outstanding principal and interest into DSS common stock at $0.50 per share, with a maturity date five years from issuance. The warrants carry an exercise price of $0.55 per share and expire on their fifth anniversary.

Stockholder approval is required before the note can be converted or the warrants exercised. The transaction was approved by DSS's Board of Directors and Audit Committee.

DSS and Alset are related parties. Alset holds a significant equity interest in DSS directly and through its subsidiaries. Both companies share the same chairman, Chan Heng Fai, who also serves as chairman and chief executive officer of Alset. Additionally, Chan Tung Moe, a director and co-chief executive officer of Alset, serves as a director of DSS, as does Lim Sheng Hon Danny, a director and officer of Alset. Three of DSS's independent directors also hold board positions at Alset.

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