DSS invests up to $40M in American Pacific Bancorp; APB posts $336K net loss for FY2020

DSS, INC.

DSS signed SPA to invest up to $40,000,200 for 6,666,700 Class A shares of APB at ~$6.00/share.
APB had total assets of $3.3M and accumulated deficit of $1.0M as of Dec 31, 2020.
APB net loss was $335,534 in FY2020 and $421,080 in FY2019; no employees as of Dec 31, 2020.
Amendment provides audited APB financials and pro forma combined statements for DSS+APB.
APB's primary source of revenue is loans; $1.1M in loan receivables at Dec 31, 2020.

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