secwatch.observer — SEC 8-K summary
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Issuer:     Digital Media Solutions, Inc. (—)
CIK:        0001725134
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015773
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Media Solutions receives NYSE delisting notice for low market cap; stockholders approve reverse split
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- NYSE notified DMS on April 28, 2023 for non-compliance: avg global market cap <$50M and stockholders' equity <$50M over 30 days.
- DMS has 45 days to submit a plan to cure within 18 months; stock continues trading during cure period.
- Stockholders holding ~70% voting power approved issuance of Series A/B preferred stock and reverse stock split (1:2 to 1:30).
- Preliminary info statement filed May 1, 2023; consents effective at least 20 days after mailing to stockholders.
- Board may delay or abandon reverse split if it determines it is not in the best interests of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023015773/0001628280-23-015773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023015773/dms-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer