Document security systems, inc. announces exercise of full over-allotment option

Rochester, n.y., jan. 28, 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 underwriter of its previously announced public offering of 6,666,666 common shares, has exercised its full over-allotment option to purchase an additional 1,000,000 common shares of the company. the price to the public in the offering was $3.60 per share and the gross proceeds to the company from the exercise of the over-allotment option were $3,600,000 before deducting underwriting discounts and commissions and other estimated offering expenses.
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