DSS Inc. Announces Distribution Date of Sharing Services Shares to DSS Shareholders
Distribution Date of May 4, 2023 Set for Stock Dividend of Sharing Services Shares (SHRG)
ROCHESTER, N.Y., May 01, 2023 (GLOBE NEWSWIRE) -- DSS, Inc. ("DSS" or the "Company") (NYSE American: DSS), a multinational company operating nine business divisions through strategic acquisitions and development to build shareholder value through periodic spinoffs, announced today the distribution date for the common stock of Sharing Services Global Corporation ("Sharing Services" or "SHRG") that is beneficially held by DSS, directly and through its subsidiary, Decentralized Sharing Systems, Inc. ("DSSI"). As previously announced, DSS Inc., together with its subsidiary DSSI, distributed (the "Distribution") approximately 280 million shares of Sharing Services' common stock beneficially held by DSS and DSSI in a distribution to holders of DSS common stock, par value $0.02 per share ("DSS Common Stock") as of April 28, 2023. Each share of DSS Common Stock outstanding as of 5:00 p.m., New York City time, held on April 28, 2023, will entitle the holder thereof to receive two (2) SHRG common stock shares to be distributed on May 4, 2023.
Sharing Services is a diversified direct marketing company that is currently listed on the OTCQB Market (OTCQB: SHRG) and is in the process of up-listing to Nasdaq. Upon completion of the Distribution, DSS and its subsidiary, DSSI, will retain an ownership interest of approximately 7% in Sharing Services Global Corporation.
About Sharing Services Global Corporation
Sharing Services Global Corporation, is a publicly traded company dedicated to building shareholder value by developing or acquiring businesses, products and technologies in the direct selling industry and other industries that augment the Company's product and services portfolio, business competencies, and geographic reach. SHRG's primary growth strategy is built on focused innovation and creativity positioned to capture profitable market share of diverse business models.
For more information on Sharing Services Global Corporation visit shrginc.com
About DSS, Inc.
DSS is a multinational company operating businesses within nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Digital Transformation, Secure Living, and Alternative Energy. DSS strategically acquires and develops assets to enrich the value of its shareholders through calculated IPO spinoffs. Since 2019, under the guidance of new leadership, DSS has built the necessary foundation for achievable growth through the formation of a diversified portfolio of companies positioned to drive profitability in multiple high growth sectors. These companies offer innovative, flexible, and real-world solutions that not only provide mutual benefits for businesses and their customers, but also create sustainable value and opportunity for transformation.
For more information on DSS visit dssworld.com. |
