Filing Details

Accession Number:
0001493152-24-049861
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-12-12 21:49:45
Reporting Period:
2024-12-10
Accepted Time:
2024-12-12 21:49:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
771999 Dss Inc. DSS Paperboard Containers & Boxes (2650) 161229730
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1261725 Ambrose Fai Heng Chan 9 Temasek Boulevard
#16-04 Suntec Tower Two
Singapore U0 038989
Yes No Yes No
1750106 Alset Inc. 4800 Montgomery Lane,
Suite 210
Bethesda MD 20814
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-12-10 820,597 $0.97 3,961,211 No 4 P Indirect See footnote
Common Stock Acquisiton 2024-12-10 205,149 $0.97 1,184,475 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
No 4 P Direct
Footnotes
  1. On December 10, 2024, Alset Inc. entered into a stock purchase agreement with DSS, Inc. (the "Issuer"), pursuant to which Alset Inc. agreed to purchase 820,597 newly issued shares of the Issuer's common stock for a purchase price of $0.9749 per share. Alset Inc. and its various subsidiaries are collectively the largest shareholder of DSS. Further, on December 10, 2024, Mr. Chan directly entered into a stock purchase agreement with the Issuer, pursuant to which he agreed to purchase 205,149 newly issued shares of the Issuer's common stock for a purchase price of $0.9749 per share. Mr. Chan is the Executive Chairman of DSS.
  2. The beneficial ownership of Mr. Chan includes a total of 5,148,664 shares of common stock, consisting of (a) 2,978 shares of common stock held by Heng Fai Holdings Limited, an entity controlled by Heng Fai Chan; (b) 1,184,475 shares of common stock held by Mr. Chan directly; (c) 2,581,268 shares of common stock held by Alset Inc., an entity controlled by Mr. Chan; (d) 1,068,309 shares of common stock held by Alset International Limited, an entity controlled by Mr. Chan and a subsidiary of Alset Inc.; and (e) 311,634 shares of common stock held by Global Biomedical Pte. Ltd., an entity controlled by Mr. Chan and a subsidiary of Alset International Limited (which is a subsidiary of Alset Inc.).