Dss, inc. announces reverse split as part of nyse american compliance plan

New york, dec. 22, 2023 (globe newswire) -- dss, inc. (nyse american: dss, “company”), a multinational company operating nine (9) diversified business lines developed through strategic acquisitions to build shareholder value through periodic spinoffs to its shareholders, today announced that it will proceed with a 1-for-20 reverse stock split (the “reverse split”) of its issued and outstanding shares of common stock, par value $0.02, following authorization by its board of directors and majority shareholders to effect a reverse split by a ratio of not less than 1-for-20 and not more than 1-for-40 (the “reverse split range”), at any time on or before april 20, 2024, with the board having the discretion as to whether or not the reverse split is to be effected, and with the exact ratio to be set at a whole number within the reverse split range as determined by the chief executive officer in his discretion.
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