Benzinga | Jan 25, 2022 04:37PM EST

DSS Receives $17M Investment From Alset EHome International

DSS, Inc. ("DSS" or the "Company") (NYSE:DSS), a multinational company with nine operating business lines in diverse, high-growth industries, entered into a stock purchase agreement (the "Agreement") with Alset EHome International, Inc. ("AEI") pursuant to which the Company agreed to issue to up to 44,619,423 shares of the Company's common stock (the "Shares") for a purchase price of $0.3810 per share. If required by the rules and regulations of the NYSE American, LLC, the issuance of the shares will be subject to the approval of the Company's shareholders.

"This is a strong vote of confidence from our majority shareholder, Alset EHome International," stated Frank D. Heuszel, DSS CEO. "The further strengthening of our balance sheet with this latest cash infusion will enable us to more rapidly capitalize on the wealth of available opportunities across our diverse business lines."

"Over the last two years we have worked tirelessly to build a solid foundation for long-term shareholder value creation," added Jason Grady, COO of DSS. "Now we are embarking the next phase of that strategy as we leverage this foundation to accelerate top line growth and ultimately drive bottom line performance."