secwatch.observer — SEC 8-K summary
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Issuer:     Digital Media Solutions, Inc. (—)
CIK:        0001725134
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001628280-23-033203
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Media Solutions delisted from NYSE for failing $15M market cap rule; moves to OTC
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- NYSE determined DMS did not maintain average global market cap of $15M over 30 consecutive trading days (Rule 802.01B).
- Class A common stock began OTC trading on Sept 26, 2023 under symbol DMSL.
- Delisting does not trigger default under senior secured credit facility; recent amendment provides flexibility.
- Company will remain an SEC reporting entity and may seek relisting in the future.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023033203/0001628280-23-033203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023033203/dms-20230925.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-033203

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