The Board of DSS, Inc. (NYSEAM:DSS) announced the spin-off of 63.7% stake in Sharing Services Global Corporation (OTCPK:SHRG) on April 7, 2023. As part of spin off, a total of 221.2 million shares will be distributed. The transaction was amended as of April 27, 2023. As part of amendment DSS will spin off 74.5% stake in Sharing Services Global Corporation. As part of amendment, a total of 280.53 million shares will be distributed. DSS, Inc. shareholders will receive two shares in SHRG for each share they held in DSS. After the transaction, DSS, Inc. along with its subsidiary will hold 6.6% stake in Sharing Services Global Corporation. The Record date is April 28, 2023. Transaction is expected to close on May 4, 2023. VStock Transfer, LLC acted as registrar to Sharing Services Global Corporation. American Stock Transfer & Trust Company, LLC acted as registrar for DSS. Darrin M. Ocasio and Jay Yamamoto of Sichenzia Ross Ference LLP acted as legal advisors for Sharing Services Global Corporation.

The Board of DSS, Inc. (NYSEAM:DSS) completed the spin-off of 74.5% stake in Sharing Services Global Corporation (OTCPK:SHRG) on May 4, 2023.