---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-010795"
form_type: "8-K"
ticker: null
cik: "0001725134"
company_name: "Digital Media Solutions, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:56:14.991557+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DMS acquires HomeQuote.io for $35M; receives NYSE non-compliance notice for low stock price

## Summary
- Acquired HomeQuote.io home services marketplace from ClickDealer for $35M cash plus up to $10M contingent consideration payable in cash or stock.
- NYSE notified DMS on March 30, 2023 that average closing price of common stock was below $1.00 over 30 consecutive trading days.
- Company has six months to regain compliance; may consider reverse stock split subject to board and stockholder approval.
- Stock continues trading on NYSE during cure period; no immediate delisting.

## SEC filing metadata
- accession: 0001628280-23-010795
- form_type: 8-K
- cik: 0001725134
- company_name: Digital Media Solutions, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725134/000162828023010795/0001628280-23-010795-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725134/000162828023010795/dms-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-010795
- JSON: https://secwatch.observer/filing/0001628280-23-010795.json
- Plain text: https://secwatch.observer/filing/0001628280-23-010795.txt

## Key facts
- Listing & Compliance Notices
  Digital Media Solutions, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: March 30, 2023, the Company received notice from the New York Stock Exchange (the "NYSE") indicating that the Company is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual (“Rule 802.01C”) because the average closing price of the Company's Class A common stock was less than $1.00 over a consecutive 30 trading-day period. Under Rule 802.01C, the Company has a period of six months from receipt of the notice to regain compliance with the NYSE minimum stock price listing requirement. The Company has notified the NYSE of its intent to cure the stock price deficiency and return
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828023010795/0001628280-23-010795-index.htm
- M&A Transactions
  Digital Media Solutions, Inc. completed an acquisition involving ClickDealer Group (G.D.M. Group Holding Limited, ClickDealer Asia Pte., Ltd., GDMgroup Asia Limited, and ClickDealer Europe BV) for $35 million cash consideration, plus up to $10 million in contingent consideration (closed 2023-03-30).
  - Action: acquisition
  - Counterparty: ClickDealer Group (G.D.M. Group Holding Limited, ClickDealer Asia Pte., Ltd., GDMgroup Asia Limited, and ClickDealer Europe BV)
  - Consideration: $35 million cash consideration, plus up to $10 million in contingent consideration
  - Closing: 2023-03-30
  source text: on March 30, 2023, Digital Media Solutions, Inc. (the “Company”) acquired certain assets comprising the HomeQuote.io home services marketplace from G.D.M. Group Holding Limited, a company organized under the laws of Cyprus (“ClickDealer Cyprus”), ClickDealer Asia Pte., Ltd., a company organized in Singapore (“ClickDealer Singapore”), GDMgroup Asia Limited, a company organized in Hong Kong (“ClickDealer HongKong”) and ClickDealer Europe BV, a company organized in the Netherlands (“ClickDealer Netherlands”, and collectively with ClickDealer Cyprus, ClickDealer Singapore, ClickDealer Hong Kong, and any other related entity “ClickDealer”). The Company paid cash consideration of $35 million upon closing of the transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828023010795/0001628280-23-010795-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.