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By The Online Investor Staff, updated Fri., Aug. 14, 3:22 PM
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Secondary Stock Offerings| This Slide: #22 of 25 |
Slide #22. Document Security Systems, Inc. — Secondary Offering
Company:
Document Security Systems, Inc. (AMEX:DSS)
Date announced:
7/29/2020
Shares Offered:
453,333
Date of Pricing:
7/29/2020
Price Per Share:
$7.50
Secondary Offering Details:
Document Security Systems, Inc. (NYSE American: DSS) (the "Company"), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the pricing of an underwritten public offering of 453,333 shares of its common stock at a price of $7.50 per share, for gross proceeds to the Company of $3.4 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the proceeds to fund growth of their new business lines, acquisition opportunities, and general corporate and working capital. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 38,533 shares of common stock offered in the public offering to cover over-allotments, if any.
Document Security Systems is a developer and marketer of secure document and product technologies. Co. focuses on creating solutions that protect against fraud and ensure the well-being of consumers worldwide. Co. does business in five operating segments as follows: DSS Packaging and Printing Group, which produces custom packaging services; DSS Plastics Group, which manufactures laminated and surface printed cards; DSS Digital Group, which researches, develops, markets and sells Co.'s digital products; and DSS Technology Management, which monetizes its various patent portfolios through commercial litigation and licensing.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 94th percentile
(ranked higher than approx. 94% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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