DSS Inc. Announces Updated Shareholder Of Record Date For Spinoff Of Impact BioMedical Inc. Of July 10, 2023, Pending SEC Clearance
Portfolio Pulse from Happy Mohamed
DSS Inc. has announced an updated shareholder of record date for the spinoff of Impact BioMedical Inc. to July 10, 2023, pending SEC clearance. Shareholders of DSS Inc. on record as of July 10, 2023, will receive four shares of Impact Biomedical Inc. for every one share of DSS, Inc. on a future distribution date. The distribution is subject to the already filed S-1 being declared effective for registering the distribution.
June 30, 2023 | 2:22 pm
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DSS Inc. shareholders will receive four shares of Impact Biomedical Inc. for every one share of DSS, Inc. on a future distribution date. This could potentially increase the value of DSS shares in the short term.
The announcement of the spinoff and the distribution of Impact Biomedical shares to DSS shareholders could potentially increase the value of DSS shares in the short term as shareholders stand to gain additional assets. However, the final impact will depend on the market's reaction to the spinoff and the performance of Impact Biomedical.
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