Document security systems, inc. closes $39.7 million upsized public offering of common stock

Rochester, n.y., feb. 09, 2021 (globe newswire) -- document security systems, inc. (nyse american: dss) (the “company”), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the closing of an upsized underwritten public offering with gross proceeds to the company of approximately $34.5 million as well as the simultaneous exercise of the underwriter's over-allotment option for additional gross proceeds of approximately $5.2 million. the company expects to receive total gross proceeds of approximately $39.7 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the company.
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