Welcome to our dedicated page for DPSMD news (Ticker: DPSMD), a resource for investors and traders seeking the latest updates and insights on DPSMD stock.
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3D Pioneer Systems Inc. (DPSM) has announced the acquisition of Host Group of Companies Pty Ltd for AUD 3,500,000 (approximately USD 2,640,000). This acquisition will see DPSM issue 3,771,429 shares to Host Networks' owners. The move aims to enhance DPSM's data and cybersecurity services, leveraging Host Networks' existing infrastructure and resources. James Kennett, Director of Host Networks, highlighted the increased demand for data services post-COVID, while DPSM's CEO Patrick St-Pierre noted the acquisition's potential to expand service capabilities.
3D Pioneer Systems (OTC PINK: DPSM) has executed a 1-for-150 Reverse Stock Split effective June 3, 2021. The company's stock closed at $0.03 before the split, resulting in a post-split price of $4.50. The new ticker symbol for the common stock during the 20-business day transition is DPSMD, after which it will revert to DPSM. The Reverse Split was implemented to potentially increase the trading price per share, but there are no guarantees of a price increase. This change affects the outstanding shares proportionately but does not alter stockholder ownership percentages significantly.
