DSS Inc. Announces Distribution Date of August 8, 2023 for Spinoff of Impact BioMedical Inc.
July 31 2023 - 8:15AM
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 to shareholders, announced today the
distribution date for the previously announced stock dividend of
Impact BioMedical Inc. DSS Inc. shareholders of record on July 10,
2023 will be entitled to four (4) shares of Impact Biomedical Inc.
for every one (1) share of DSS to be distributed on August 8, 2023.
Shares will be registered under CUSIP Number
45259L 106. Each share of Impact BioMedical distributed as part of
the distribution will not be eligible for resale until 180 days
from the date Impact BioMedical’s initial public offering becomes
effective under the Securities Act, subject to the discretion of
the Company to lift the restriction sooner.
About Impact BioMedical Inc.
Impact BioMedical Inc. ("Impact BioMedical") is
a wholly owned subsidiary of DSS, Inc.. 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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