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DSS - Document Security Systems prices $24M stock offering
Document Security Systems Inc.
Document Security Systems (DSS) has priced its public offering of ~6.7M common shares at $3.60, for expected gross proceeds of ~$24M. Underwriters' over-allotment is an additional 15% of shares.Net proceeds will be used to fund the development and growth of new business lines, acquisition opportunities, and general corporate and working capital needs. Aegis Capital is acting as sole bookrunner.Yesterday's close was $5.50. Shares down 13% after-hours.