Digital Media Solutions to be delisted from NYSE

Digital Media Solutions announced that it will be delisted from the New York Stock Exchange. The company’s delisting follows the NYSE’s determination under Rule 802.01B of the NYSE Listed Company Manual that the company did not meet the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days. The company’s delisting does not affect the company’s business operations and DMS continues to be focused on its core solutions in service of its advertising clients. In addition, the delisting does not cause an event of default under the senior secured credit facility to which its subsidiaries are a party, and DMS continues to be supported by its lenders as evidenced by the recent amendment to its credit facility, which has provided the company and management with the flexibility needed to manage through the current environment. The company will continue to be a SEC reporting company and anticipates that its Class A common stock will begin trading on the over-the-counter markets on September 26, 2023. The company will consider relisting its Class A common stock on a national securities exchange in the future if the Board of Directors determines that doing so is in the best interest of the company and its stakeholders.