Why DMS Stock surge more than 70%, Everything you need to know about Digital Media Solutions
“Digital Media Solutions, Inc. (NYSE: DMS), a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers, announced that its board of directors (the “Board of Directors”) has received an offer (the “Proposal”) from Prism Data, LLC, an investment vehicle affiliated with CEO Joseph Marinucci and COO Fernando Borghese, to acquire all of the outstanding Class A common stock of DMS for $2.50 per share in cash.
The Board of Directors will, consistent with its fiduciary duties, and in consultation with its advisors, carefully review and consider the Proposal.”
DMS STOCK UPDATE:
Short Interest 518,941 shares – Source: NYSE Short Interest Ratio 7.76 Days to Cover Short Interest % Float 5.22% – Source: NYSE (short interest), Capital IQ (float) Off-Exchange Short Volume 32,860 shares – source: FINRA (inc. Dark Pool volume) Off-Exchange Short Volume Ratio 44.64% – Source: FINRA (inc. Dark Pool volume)