ROCHESTER, NY, Aug. 30, 2022 (GLOBE NEWSWIRE) — DSS, Inc. (NYSE American: DSS), a multinational corporation operating across nine divisions and strategically acquiring and developing assets to enrich shareholder value through calculated IPO spinoffs and a parametric equity distribution strategy, announced today have received a notice (the “Notice”) that the company is not complying with NYSE American’s continuous listing requirements under the timely filing criteria set out in the NYSE American Company Guide. Under NYSE American Company Guide Section 1007, the company could be given up to 12 months to remedy the late filer’s deficiency. The initial six-month period to regain compliance is automatic and the additional six months are granted only upon request by the Company and approval by the NYSE.
The company previously indicated that it would not be able to file Form 10-Q on time due to the circumstances described in Form 12b-25 Late Filing Notice filed with the SEC on August 16, 2022. The company was still unable to file Form 10-Q as of the extension date of August 22, 2022.
The Company is working to resolve the issues that caused the delay in filing its Form 10-Q so that it can file the Form 10-Q as soon as possible.
About DSS, Inc.
DSS is a multinational corporation that operates through nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Commerce, Digital Transformation, Secure Living and Alternative Energy. DSS strategically acquires and develops assets to enrich its shareholder value through calculated IPO payoffs and a parametric equity distribution strategy. Since 2019, under new leadership, DSS has laid the foundation for achievable growth through the formation of a diverse portfolio of businesses positioned to drive profitability across multiple high-growth sectors. These companies deliver innovative, flexible and actionable solutions that not only deliver mutual benefits to businesses and their customers, but also create lasting value and transformational opportunities.
For more information about DSS, visit http://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. These forward-looking statements include, but are not limited to, statements relating to the Company’s intended use of the product 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, execute and maintain financing and strategic agreements and relationships; risks related to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patents and intellectual property; competition; as well as other risks described in the section titled “Risk Factors” of the Prospectus and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q , all of which can be obtained from the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made and reflect management’s current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except if necessary. by the law.
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