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Document Security Systems, Inc., a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that its Board of Directors declared a record date of 5:00 p.m. ET on September 7, 2020 (“Record Date”) for the first tranche of its previously proposed two-part special dividend of Impact BioMedical shares.<\/p>\n
Shareholders of record will be entitled to a bonus of two shares of Impact BioMedical (“Bonus Shares”) for every one share of DSS common stock held as of the Record Date.<\/p>\n
A second tranche of the special share dividend is expected to provide an additional two shares of Impact BioMedical for each common share of DSS held. The record date for this tranche is yet to be determined. While there can be no assurance that Impact BioMedical will be taken public and\/or that any Bonus share distribution will occur, particularly due to unforeseen circumstances including fulfilling the pre-requisite criteria during the IPO application process and market forces beyond the Company’s control, it is the intention of management and the Board to take Impact BioMedical public.<\/p>\n
DSS announced the closing of its acquisition of Impact BioMedical on August 21, 2020. Impact BioMedical’s ownership of a suite of antiviral and medical technologies has been valued at $382 million by Destum Partners, known globally for its high level of expertise and capability in independently valuing and advising on pharmaceutical technology. On May 26, 2020, Impact BioMedical disclosed that it received a valuation of $933 million for this suite of technology from a different independent valuation firm. Unlike the previous valuation, the new valuation takes into consideration numerous additional disease applications of the suite of antiviral and medical technologies.<\/p>\n
About Impact BioMedical, Inc.<\/strong><\/p>\n Impact BioMedical, Inc. (“Impact BioMedical”) is a wholly owned subsidiary of DSS. Impact BioMedical strives to leverage its scientific know-how and intellectual property rights to provide solutions that have been plaguing the biomedical field for decades. By tapping into the scientific expertise of GRDG Sciences, LLC, Impact BioMedical pledges to undertake a concerted effort in the R&D, drug discovery and development for the prevention, inhibition, and treatment of neurological, oncological and immuno related diseases. For more information on Impact BioMedical visit http:\/\/impbio.com\/.<\/p>\n About Document Security Systems, Inc.<\/strong><\/p>\n DSS is a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares in its subsidiaries as DSS strategically spins them out into IPOs. Its historic business revolves around counterfeit deterrent and authentication technologies, smart packaging, and consumer product engagement. DSS is led by its Chairman and largest shareholder, Mr. Fai Chan, a highly successful global business veteran of more than 40 years specializing in corporate transformation while managing risk. He has successfully restructured more than 35 corporations with a combined value of $25 billion.<\/p>\n For more information on DSS visit http:\/\/www.dsssecure.com.<\/p>\n Investor Contact:<\/strong><\/p>\n Dave Gentry, CEO Tags:<\/b> Dave Gentry, CEO
RedChip Companies Inc.
407-491-4498
Dave@redchip.com<\/p>\nSee Campaign: <\/strong>http:\/\/www.dsssecure.com.<\/a>
Contact Information:<\/b>
Dave Gentry, CEO
\nRedChip Companies Inc.
\n407-491-4498
\nDave@redchip.com<\/p>\n
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\nContact Information:<\/h3>\n
\nRedChip Companies Inc.
\n407-491-4498
\nDave@redchip.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Document Security Systems, Inc., a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that its Board of Directors declared a record date of 5:00 p.m. ET on September 7, 2020 (“Record Date”) for the first tranche of its previously proposed two-part … Continue reading DSS Announces Record Date for Impact BioMedical Share Dividend<\/span><\/a> Continue Reading