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.

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Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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Document Security Systems, Inc. Completes a $40 Million Investment in American Pacific Bancorp

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