Home Top Movers Document Security System Inc. (DSS) stock plunged during after-hour session. Here’s to...

Document Security System Inc. (DSS) stock plunged during after-hour session. Here’s to know the update

Document Security System Inc. (NASDAQ: DSS) stock declined by 6.76% at last close while the DSS stock price falls by 18.48% in the after-hours session. Brand protection technology, Blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets are all areas of concentration for DSS. Its business concept is centered on a distribution sharing scheme, in which stockholders would get shares in DSS subsidiaries when they are strategically spun off into first public offerings (IPOs).

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s happening?

DSS reported the price of an underwritten public offering, with net proceeds to DSS projected to be around $43.5 million before underwriting discounts and commissions, as well as other projected offering expenditures.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

The public offering entails the sale of 29,000,000 shares of DSS common stock for $1.50 each. DSS plans to use the gross profits of this offering, along with cash on hand, to contribute to the development and expansion of new business units, acquisition prospects, and general corporate and working capital needs.

DSS has also given the underwriters a 45-day right to acquire up to an additional 15% of the common stock sold in the public offering to meet over-allotments, if any, bringing the total revenue of the offering to $50.0 million if fully exercised. The offering is being led by Aegis Capital Corp., which is acting as the sole bookrunner.

Recent Development

DSS announced the acquisition of 24.9 percent of Sentinel Brokers Company, Inc., which is a FINRA-registered broker-dealer, as part of its DSS Securities, Inc. business. The deal includes the option to purchase a further 50.1 percent of Sentinel. Sentinel is a financial intermediary that facilitates institutional trading of municipal and corporate bonds and also preferred stock. It was founded in 1996 by Joseph Lawless.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Frank D. Heuszel, CEO of DSS stated,

DSS is ecstatic to be able to expand DSS Securities’ reach even further. The efforts to build up an atmosphere around this high-growth, high-return potential part of their activities will be aided by owning a broker-dealer.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Here is why Range Resources Corporation (RRC) stock plummeted in the after-hours on Monday?

Range Resources Corporation (RRC) shares lost 6.50% in after-hours on Monday, July 26, 2021, and close the daily trading at $14.95. in the regular...

Here is why Cerecor Inc. (CERC) stock turnaround in the after-hours on Monday?

Cerecor Inc. (CERC) shares gained 12.23% in after-hours on Monday, July 26, 2021, and closed the trading at $3.12. in the regular trading session,...

Related News

F5 Networks Inc. (FFIV) stock soars during pre-market trading. Here’s to know why?

F5 Networks Inc. (FFIV) stock gained by 0.23% at the last close while the FFIV stock surged by 6.05% in the pre-market trading session....

Here is why Cerecor Inc. (CERC) stock turnaround in the after-hours on Monday?

Cerecor Inc. (CERC) shares gained 12.23% in after-hours on Monday, July 26, 2021, and closed the trading at $3.12. in the regular trading session,...

Here is why Bit Digital Inc. (BTBT) stock skyrocketed on Monday?

Bit Digital Inc. (BTBT) shares declined 10.94% in after-hours on Monday, July 26, 2021, and closed the day at $7.90. Earlier in the regular...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

Why Socket Mobile Inc. (SCKT) stock price faced negativity in the pre-market?

Socket Mobile Inc. (SCKT) shares declined 10.18% in pre-hours to $7.50 per share. On Friday, SCKT's stock gained 43.97% to close Friday's morning session...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam