---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-022602"
form_type: "8-K"
ticker: null
cik: "0001725134"
company_name: "Digital Media Solutions, Inc."
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:28:22.600366+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NYSE delists DMS warrants for abnormally low price; $9.3M preferred redemption deemed illegal

## Summary
- NYSE suspends trading of DMS warrants (DMS WS) immediately, delisting due to abnormally low price levels under Section 802.01D.
- Class A common stock (DMS) and units continue trading on NYSE unaffected.
- Holders of all outstanding Series A Preferred Stock demand cash redemption of ~$9.3M under Section 9(b).
- Board determines it cannot legally effect redemption under Delaware law; no further action disclosed.

## SEC filing metadata
- accession: 0001628280-23-022602
- form_type: 8-K
- cik: 0001725134
- company_name: Digital Media Solutions, Inc.
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725134/000162828023022602/0001628280-23-022602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725134/000162828023022602/dms-20230615.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-022602
- JSON: https://secwatch.observer/filing/0001628280-23-022602.json
- Plain text: https://secwatch.observer/filing/0001628280-23-022602.txt

## Key facts
- Listing & Compliance Notices
  Digital Media Solutions, Inc. received a nyse delisting notice notice regarding other (rules 802.01D).
  - Exchange: nyse
  - Notice: delisting notice
  - Rules: 802.01D
  source text: de on the NYSE under the symbol “DMS WS” (the “Warrants”), from the NYSE and that trading in the Warrants on the NYSE would be suspended immediately. The Staff has determined that the Warrants are no longer suitable for listing on the NYSE based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual. Trading in the Company’s Class A Common Stock and units on the NYSE will continue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828023022602/0001628280-23-022602-index.htm

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