DSS Inc. Receives Notice of Non-Compliance with NYSE American Trading Share Price Listing Rule
October 26 2023 - 4:25PM
DSS, Inc.(NYSE American: DSS) announced today that the Company
received a letter (the “Letter”) from the staff of NYSE American
LLC (the “Exchange”) stating that the Company’s securities have
been selling for a low price per share for a substantial period of
time and, pursuant to Section 1003(f)(v) of the NYSE American
Company Guide. The Company’s continued listing is predicated
on it effecting a reverse stock split of its common stock or
otherwise demonstrating sustained price improvement within a
reasonable period of time, which the Exchange has determined to be
no later than April 20, 2024.
On October 26, 2023, the Company notified the Exchange that it
intends to cure the stock price deficiency and to return to
compliance with the Exchange continued listing standards.
The Company’s common stock will continue to be listed and traded
on the NYSE American during this period, subject to the Company’s
compliance with other NYSE American continued listing
standards.
About DSS, Inc.
DSS is a multinational company operating businesses within
nine(9) divisions: Product Packaging, Biotechnology, Commercial
Lending, Securities and Investment Management, Alternative Trading,
Digital Transformation, Secure Living, and Alternative Energy. DSS
strategically acquires and develops assets to increase shareholder
value through periodic 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.
For more information on DSS visit https://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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