schemaVersion:
Form 1-Z Issuer Information | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 1-Z EXIT REPORT UNDER REGULATION A | OMB APPROVAL |
| OMB Number: 3235-0723 Estimated average burden hours per response: 1.5 |
1-Z: Filer Information
Issuer CIK | 0001779303 |
Issuer CCC | XXXXXXXX |
File Number | |
Is this filing by a successor company pursuant to Rule 257(b)(5) resulting from a merger or other business combination? | Yes No |
Successor File Number |
Is this a LIVE or TEST Filing? | LIVE TEST |
Is this an electronic copy of an official filing submitted in paper format? | |
Would you like a Return Copy? |
Submission Contact Information
Name | |
Phone | |
E-Mail Address |
Notify via Filing Website only? |
1-Z: PRELIMINARY INFORMATION
Exact name of issuer as specified in the issuer's charter | Direct Communication Solutions, Inc. |
Address of Principal Executive Offices | |
Address 1 | 17150 Via Del Campo Ste. 200 |
Address 2 | |
City | San Diego |
State/Country | CALIFORNIA |
Mailing Zip/ Postal Code | 92127 |
Phone | 858-798-7100 |
Commission File Number(s) | 024-11095 |
1-Z: PART I Summary Information Regarding the Offering and Proceeds
Summary Information
Date of qualification of the offering statement | 12-23-2019 |
Date of commencement of the offering | 12-23-2019 |
Amount of securities qualified to be sold in the offering | 1500000 |
Amount of securities sold in the offering | 1328500 |
Price per security: | $ 1.5214 |
The portion of aggregate sales attributable to securities sold on behalf of the issuer | $ 2021147.00 |
The portion of aggregate sales attributable to securities sold on behalf of selling securityholders: | $ 0.00 |
Fees in connection with this offering and names of service providers.
Underwriters - Name of Service Provider | Industrial Alliance Securities Inc. | Underwriters - Fees | $ 23921.00 |
Sales Commissions - Name of Service Provider | Industrial Alliance Securities Inc. | Sales Commissions - Fee | $ 161992.00 |
Finders' Fees - Name of Service Provider | Finders' Fees - Fees | $ | |
Accounting or Audit - Name of Service Provider | Davidson & Company LLC | Accounting or Audit - Fees | $ 41000.00 |
Legal - Name of Service Provider | Fang and Associates, et al. | Legal - Fees | $ 250876.00 |
Promoters - Name of Service Provider | Promoters - Fees | $ | |
Blue Sky Compliance - Name of Service Provider | Blue Sky Compliance - Fees | $ |
CRD Number of any broker or dealer listed |
Net proceeds to the issuer | $ 1543358.00 |
Clarification of responses (if necessary): | Legal fees include Canadian and U.S. counsel and underwriter legal expenses. |
1-Z: PART II Certification of Suspension of Duty to File Reports
Certification
Title of each class of securities covered by this Form | Common Stock |
Commission File Number(s) | 024-11095 |
Approximate number of holders of record as of the certification date | 238 |
1-Z: Signature
Signature
Pursuant to the requirements of Regulation A,
Cik | 0001779303 |
(Name of issuer as specified in charter) | Direct Communication Solutions, Inc. |
certifies that it meets all of the conditions for termination of Regulation A reporting specified in Rule 257(d) and that there are no classes of securities other than those that are the subject to this Form 1-Z regarding which the issuer has Regulation A reporting obligations.
(Name of issuer as specified in charter) | Direct Communication Solutions, Inc. |
By | Rich Gomberg |
Date | 04-28-2020 |
Title | Chief Financial Officer |