Document Security Systems prices $6.43M shares offering, shares down 21% premarket

Document Security Systems (NYSEMKT:DSS) has priced public offering of 1,028,800 common shares at $6.25/share, for gross proceeds of $6.43M. Closing date is July 7.

Proceeds will be used to fund growth of new business lines, acquisition opportunities, and general corporate and working capital.

Underwriters’ over-allotment is an additional 154,320 shares.

DSS -20.7% PM.


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