Document Security Systems plunges on discounted stock offering

DSS

15/06/2021 10:28

** Shares of security solutions provider  DSS.A  down as
much as 42.03% at $1.6 premarket
    ** Co prices offering of 29 mln shares at $1.50 per share,
representing a 45.7% discount to stock's last close
    ** Expected gross proceeds from the offering are ~$43.5
million  urn:newsml:reuters.com:*:nGNX2ljQ09
    ** Offering is size more than double of co's free
float-Refinitiv data
    ** Aegis Capital Corp is the sole bookrunner for the
offering
    ** Co's shares slumped ~26% trade on Jan. 20 when it
announced an earlier stock offering  urn:newsml:reuters.com:*:nL1N2JV0U9
    ** Stock down ~55% this year, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))