Document Security Systems, Inc. Completes a $40 Million Investment in American Pacific Bancorp
Press Release – New York, NY – September 9, 2021 – Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, finalized an investment in American Pacific Bancorp, Inc. (“APB”), through a $40 million subscription agreement. Pursuant to the subscription agreement, APB will issue 6,666,7000 shares of its common stock to DSS. APB is a bank holding company, focused on the lending business and acquiring equity positions of commercial banks in the United States.
The Sichenzia Ross Ference LLP team was led by partner Darrin M. Ocasio and associates Matthew Siracusa, Ryan Houseal, Mayank Pradhan and Ryan Flynn.