secwatch.observer — SEC 8-K summary
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Issuer:     Digital Media Solutions, Inc. (—)
CIK:        0001725134
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001628280-23-022602
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023022602/0001628280-23-022602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023022602/dms-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022602

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