Dms announces private placement of convertible preferred stock

Clearwater, fla.--(business wire)---- $dms #digitaladvertising--digital media solutions, inc. (nyse: dms) (the “company”), today announced that it has entered into a securities purchase agreement with certain purchasers, including existing shareholders and officers, to purchase 80,000 shares of series a convertible preferred stock and 60,000 shares of series b convertible preferred stock, for an aggregate purchase price of $14.0 million.
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