DPW Holdings Terminates the At Market Issuance Sales Agreement
September 13 2018 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW), a diversified holding
company (the “Company”), announced that it has sent a notice to
H.C. Wainwright & Co., LLC (“HCW”) terminating the At Market
Issuance Sales Agreement, dated February 27, 2018 (the
“Agreement”), by and between itself and HCW. The effective date of
the termination is September 23, 2018.
The Company sold an aggregate of 21,241,911 shares of its common
stock and raised gross proceeds of $19,022,416 through the
Agreement. Sales of common stock sold pursuant to the Agreement
were registered on the Company's shelf registration statement on
Form S-3, initially filed with the SEC on December 18, 2017 (File
No. 333-222132) and declared effective by the SEC on January 11,
2018. The prospectus supplement relating to the Agreement was filed
with the SEC on February 27, 2018.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly owned
subsidiaries and strategic investments, the company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles. In
addition, the company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary. DPW Holdings,
Inc.’s headquarters is located at 201 Shipyard Way, Suite E,
Newport Beach, CA 92663; www.DPWHoldings.com
Forward-Looking Statements
The foregoing release contains “forward looking statements”
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements
generally include statements that are predictive in nature and
depend upon or refer to future events or conditions, and include
words such as “believes,” “plans,” “anticipates,” “projects,”
“estimates,” “expects,” “intends,” “strategy,” “future,”
“opportunity,” “may,” “will,” “should,” “could,” “potential,” or
similar expressions. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update
any of them publicly in light of new information or future events.
Actual results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the
Company’s website at www.DPWHoldings.com.
Contacts:
Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
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