<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: DSS, INC. -->
          <cik>0000771999</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001834105</issuerCik>
      <issuerName>IMPACT BIOMEDICAL INC.</issuerName>
      <secFileNumber>001-42212</secFileNumber>
      <issuerAddress>
        <com:street1>1400 BROADFIELD BLVD.</com:street1>
        <com:street2>SUITE 130</com:street2>
        <com:city>HOUSTON</com:city>
        <com:stateOrCountry>TX</com:stateOrCountry>
        <com:zipCode>77084</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>585-232-1500</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>DSS INC.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Stockholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common Stock, par value $0.001</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>West Park Capital, Inc.</name>
        <address>
          <com:street1>225 NE Mizner Blvd,</com:street1>
          <com:street2>Suite 530</com:street2>
          <com:city>Boca Raton,</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33432</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>31939778</noOfUnitsSold>
      <aggregateMarketValue>23064209.00</aggregateMarketValue>
      <noOfUnitsOutstanding>107821231</noOfUnitsOutstanding>
      <approxSaleDate>04/22/2026</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock, Par value $0.0001</securitiesClassTitle>
      <acquiredDate>06/21/2025</acquiredDate>
      <natureOfAcquisitionTransaction>31,939,778 were issued to DSS by the issuing company in full and final satisfaction of the Second Amended Promissory Note.</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>31939778</amountOfSecuritiesAcquired>
      <paymentDate>06/21/2025</paymentDate>
      <natureOfPayment>Series rendered</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>04/29/2026</noticeDate>
      <signature>/s/ Jason Grady</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>