DSS Inc (DSS)

[Giovanni]

effective (or not ) today


DSS to complete a 1-for-4 Reverse Stock Split

DSS also announced that effective at 5:00 p.m. Eastern time on August 25, 2016 (the "Effective Time") the Company intends that its issued and outstanding common stock will be automatically reclassified into a smaller number of shares such that each four shares of the Company's issued and outstanding common stock immediately prior to the Effective Time will be reclassified into one validly issued, fully paid and nonassessable share of common stock (the "Reverse Stock Split"). No fractional shares of the Company's common stock will be issued as a result of the Reverse Stock Split. Instead, stockholders of record who otherwise would be entitled to receive fractional shares will be entitled to a rounding up of their fractional share to the nearest whole share, except in the case of any stockholder that owns less than four shares of the Company's common stock immediately preceding the Effective Time. In such case, such stockholder will receive cash for such fractional share.