Digital Media Solutions, Inc. (NYSE: DMS) (the “Company”), today announced that it has entered into a securities purchase agreement with certain purchasers, including existing shareholders and officers, to purchase 80,000 shares of Series A convertible preferred stock and 60,000 shares of Series B convertible preferred stock, for an aggregate purchase price of $14.0 million. The purchase price represents a 10% discount to the aggregate stated value of the preferred stock of $15.54 million. At signing, the Company issued to the purchasers in the offering warrants to acquire 14,444,444 shares of Class A common stock of the Company at $0.6453 per share. The closing of the offering is expected to occur concurrently with the previously announced ClickDealer transaction on or about March 30, 2023, subject to the satisfaction of customary closing conditions.
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