DSS Inc. Announces Updated Shareholder of Record Date for Spinoff of Impact BioMedical Inc.
June 30 2023 - 8:34AM
DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a
multinational company operating nine business divisions through
strategic acquisitions and development to build shareholder value
through periodic spinoffs, has filed for the distribution of a
special stock dividend of Impact Biomedical Inc. to DSS Inc.
shareholders of record on July 10, 2023, pending SEC clearance. DSS
shareholders of record as of 5:00 p.m. ET on July 10, 2023 (the
“record date”) will be entitled to four (4) shares of Impact
Biomedical Inc. for every one (1) share of DSS on the distribution
date. The distribution date is to be determined.
The distribution is subject to the already filed S-1 being
declared effective for registering the distribution. Shares will be
registered under CUSIP Number 45259L 106. The record date is being
changed due to distribution conditions and, as a result, will allow
additional time for shareholder participation.
About Impact BioMedical Inc.
Impact BioMedical Inc. ("Impact BioMedical") is a wholly owned
subsidiary of DSS. Impact BioMedical leverages its scientific
expertise and intellectual property rights to provide solutions
that have been plaguing the biomedical field for decades. Impact
BioMedical is focused on a concerted effort in the research and
discovery of promising products for the prevention, inhibition, and
treatment of neurological, oncological, and immuno-related
diseases. For more information on Impact BioMedical
visit http://impactbiomedinc.com/
About DSS, Inc.
DSS is a multinational company operating businesses within nine
divisions: Product Packaging, Biotechnology, Consumer Marketing,
Commercial Lending, Securities and Investment Management,
Alternative Trading, Secure Living, and Alternative Energy. DSS
strategically acquires and develops assets to enrich the value of
its shareholders through calculated IPO spinoffs. Since 2019, under
the guidance of new leadership, DSS has built the necessary
foundation for achievable growth through the formation of a
diversified portfolio of companies positioned to drive
profitability in multiple high growth sectors. Corporate website:
www.dssworld.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in our SEC filings, including, without limitation, our
reports on Forms 8-K, 10-K and 10-Q, all of which can be obtained
on the SEC website at www.sec.gov. Readers are cautioned not
to place undue reliance on the forward- looking statements, which
speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations, and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions, or circumstances
on which any such statement is based, except as required by
law.
Contact:
DSS Inc. Investor RelationsIR@dssworld.com+1 (585) 565-2422
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