other material
confidence high
sentiment neutral
materiality 0.50
DSS files pro forma financials for $3M SHRG investment, 59.6% stake
DSS, INC.
- DSS invested $3M in SHRG for 50M Class A shares and warrants exercisable at $0.063/share.
- Post-acquisition, DSS and subsidiaries own 59.6% of SHRG's Class A common stock.
- Pro forma total assets as of Sep 30, 2021: $225.6M; stockholders' equity: $190.1M.
- Pro forma combined operating loss for nine months ended Sep 30, 2021: $21.6M; net loss to common: $16.8M.
- Pro forma combined revenue for FY2020/2021: $82.2M; net income to common: $60k.