3 - LEGAL PROCEEDINGS
+Added: DSS BioHealth Holdings, Inc.
+Added: (“DSS BioHealth”)
+Added: is the plaintiff in an action pending in the 281st Judicial District Court of Harris County, Texas, styled DSS BioHealth Holdings, Inc.
+Added: Puradigm LLC, Ryan Beagley, Derik Sandstrom, and Padraig Lawlor, Cause No.
+Added: DSS BioHealth, as assignee of DSS PureAir, Inc.,
+Added: seeks to recover amounts due under a $5,000,000 secured convertible note dated May 14, 2021 and a $210,000 secured promissory note dated
+Added: May 9, 2022, as well as to enforce related security and guaranty agreements.
+Added: DSS BioHealth alleges that Puradigm LLC has failed to make
+Added: required payments on the notes and that the individual defendants have failed to perform under their personal guaranties.
+Added: filed counterclaims against DSS BioHealth and certain affiliates alleging, among other things, breach of contract, fraud, negligent misrepresentation,
+Added: deceptive trade practices, conspiracy, and promissory estoppel, and seeks monetary relief in excess of $1,000,000.
+Added: The case is in the
+Added: pre-trial stage, and the parties are engaged in motion practice and discovery.
+Added: DSS BioHealth believes it has meritorious claims and valid
+Added: defenses to the counterclaims, but the outcome of the litigation, including any potential losses or recoveries, cannot be predicted at
+Added: this time, and no assurance can be given as to the ultimate resolution or its impact on the Company’s financial statements.
may become subject to other legal proceedings that arise in the ordinary course of business and have not been finally adjudicated.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.