DSS Inc. effects 1-for-20 reverse stock split, reducing shares from 140M to ~7M

DSS, INC.

Reverse stock split at 1-for-20 ratio effective January 4, 2024; begins split-adjusted trading Jan 5.
Common shares outstanding reduced from approximately 140 million to about 7 million.
Ticker 'DSS' unchanged; new CUSIP number 26253C 201 assigned.
No fractional shares issued; holders of fractional interests receive one full post-split share.
Board approved Nov 22, 2023; shareholders approved Dec 1, 2023; CEO set ratio.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

DSS, INC.: Filed Certificate of Amendment to Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2024-01-04).

Change: charter amendment
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, the Company filed a Certificate of Amendment (the “Amendment”) to its Certificate of Incorporation (as amended to date, the “Certificate of Incorporation”) with the Secretary of State of the State of New York to effect a one-for-twenty (1-for-20) reverse stock split (the “Reverse Stock Split”) of its issued and outstanding common stock, par value $0.02 per share (the “Common Stock”).

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DSS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-001703

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