Here are the S-1 registration statements from DSS, Inc. (DSS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow DSS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DSS filings page.
DSS, Inc. plans a primary offering of up to 8,333,333 shares of common stock and up to 8,333,333 pre-funded warrants, plus 8,333,333 shares underlying those warrants, for gross proceeds of $8,000,000 at an assumed price of $0.96 per share. This “reasonable best efforts” deal is led by Aegis Capital as placement agent, which will earn an 8% cash fee and expense allowance. Pre-funded warrants are priced at $0.95999 with a de minimis $0.00001 exercise price and include 4.99% (or 9.99% at holder election) ownership caps. Shares outstanding would rise from 10,042,518 to 18,375,851 if all shares are sold and no pre-funded warrants are issued. DSS expects net proceeds of about $7.05 million at full take-up, earmarked mainly for working capital and general corporate purposes. The filing highlights substantial existing secured and convertible debt, concentration of revenue in one major customer, internal control weaknesses, NYSE American listing risk and significant potential dilution from existing convertibles and warrants.
DSS, Inc. is registering up to 8,333,333 shares of common stock and up to 8,333,333 pre-funded warrants, targeting gross proceeds of $8,000,000 at an assumed price of $0.96 per share. An additional 8,333,333 shares of common stock are registered for issuance upon exercise of the pre-funded warrants.
The offering is on a reasonable best efforts basis through Aegis Capital as placement agent, with no minimum raise. Net proceeds are expected to be about $7.05M if fully sold, earmarked mainly for working capital and general corporate purposes. Shares outstanding would increase from 10,042,518 to 18,375,851, resulting in material dilution to new investors based on a net tangible book value moving from approximately ($1.11) to ($0.17) per share.