Document Security Systems Inc. (DSS) shares surged 8.15% in after-hours on Friday, September 10, 2021, to $1.46. In the regular trading session of Friday, DSS’s stock gained 1.50%. DSS shares have fallen76.27% over the last 12 months, and they have moved up 7.14% in the past week. Over the past three months, the stock has lost 54.39%, while over the past six months, it has declined 64.00%.
DSS investment in APB
On September 09, 2021, Document Security Systems Inc signed a subscription agreement for a $40 million investment in American Pacific Bancorp (APB). According to the agreement, APB will issue 6,666,700 shares of its common stock to DSS at $6.00 per share.
Document Security Systems now has acquired over 50% of APB’s outstanding shares of common stock, making it the majority-owner of APB.
Investment in DSS by AEI
On Sept. 08, 2021, Document Security Systems, Inc announced a $15 million investment in the Company by Alset EHome International, Inc (AEI). DSS will issue 12,155,591 shares of its common stock for a purchase price of $1.234 per share for an aggregate amount of approximately $15 million.
DSS Subsidiary’s First Quantum-Based Compound
On September 07, 2021, Impact BioMedical, Inc, and its research partner Global Research and Discovery Group Sciences (GRDG) announced that its first Quantum-based compound was successfully synthesized, after more than a year of research and development. The compound synthesized is an adjuvant that enhances a body’s immune response to a foreign antigen and is being sent to a major University for testing.
Impact BioMedical Inc is a wholly-owned subsidiary of Document Security Systems (DSS).
DSS provided an update about DEET Booster
On August 23, 2021, Impact Biomedical, Inc, a wholly-owned subsidiary of Document Security Systems, Inc. (DSS), along with its scientific research partner Global Research and Discovery Group Sciences, GRDG, announced today encouraging results from clinical tests of its 3FDB (DEET Booster) technology. These results suggest that 3FDB can boost the effectiveness of mosquito repellants, specifically DEET.
DSS corporate update
On August 17, 2021, Document Security Systems, Inc promoted Todd D. Macko to Chief Financial Officer.
Mr Macko was working as interim CFO and he is a Certified Public Accountant with over 25 years of financial management, corporate strategy, and executive business leadership, and brings a wealth of experience to his role at DSS.
DSS significant investment in the Oncology segment
On August 02, 2021, Document Security Systems, Inc announced that its subsidiary, DSS Biomedical International, Inc completed a $1 million equity investment in Vivacitas Oncology, Inc.
Conclusion
The recent investment in APB could be the reason behind its good performance on Friday and It can continue its momentum on Monday as well.
