Digital media solutions announces 1-for-15 reverse stock split and favorable amendment of credit agreement

Clearwater, fla., aug. 18, 2023 (globe newswire) -- digital media solutions, inc. (nyse: dms) today announced that its board of directors approved a reverse stock split of the company's class a common stock and class b common stock at a ratio of 1-for-15. earlier, on april 28, 2023, a majority of the company's stockholders approved a reverse stock split subject to the board of directors determining the final ratio. the reverse stock split is expected to be effective after market close on august 28, 2023 (the “effective time”). the company's class a common stock will begin trading on a split-adjusted basis on the new york stock exchange (nyse) at the market open on august 29, 2023.
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