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CST: 14/12/2019 23:27:23   

Document Security Systems, Inc. Announces Partial Exercise of Over-Allotment Option by Aegis Capital Corp.

148 Days ago

ROCHESTER, N.Y., July 19, 2019 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) a leader in the anti-counterfeit, authentication and diversion protection technologies, announced the partial exercise of the over-allotment option granted to the underwriters with respect to 519,186 additional shares of common stock, in connection with its previously announced underwritten public offering of 11.2 million shares, bringing total gross proceeds from the offering to approximately $5.8 million.

Aegis Capital Corp. acted as the sole book-running manager for the offering.

This offering was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-230740) previously filed with the U.S. Securities and Exchange Commission (the "SEC").  Electronic copies of the final prospectus may be obtained from Aegis Capital Corp., Prospectus Department, 810 7th Avenue, 18th floor, New York, NY, 10019, telephone: (212) 813-1010 or e-mail: prospectus@aegiscap.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT DOCUMENT SECURITY SYSTEMS, INC.
For over 16 years, Document Security Systems, Inc. (“DSS”) has protected corporations, financial institutions, and governments from sophisticated and costly fraud. DSS' innovative anti-counterfeit, authentication, and brand protection solutions are deployed to prevent attacks which threaten products, digital presence, financial instruments, and identification.  AuthentiGuard™, the Company's flagship product, provides authentication capability through a smartphone application so businesses can empower a wide range of employees, supply chain personnel, and consumers to track their brands and verify authenticity.  For more information on DSS, visit www.dsssecure.com.

Contact Information:
Document Security Systems, Inc.
Investor Relations
Tel: (585) 232-5440
Email: ir@dsssecure.com

SAFE HARBOR DISCLOSURE
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statements that express the current beliefs and expectations of management. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

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