DPW Holdings Files Amended $50 Million Regulation A+ Offering
August 14 2019 - 6:45AM
Business Wire
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding
company (“DPW” or the “Company”) today filed an
amendment to its $50 million Regulation A+ Tier II note offering.
The notes offered are not convertible, have a term of three years
and bear interest at 12%. The Company intends to use the proceeds
from this offering to fund loans through its lending subsidiary,
Digital Power Lending, LLC, including loans to related parties,
acquisitions of equity in other companies whether public or
private, the repayment of the Company’s debts as well as the
repurchase of shares of the Company’s common stock. The offering is
subject to qualification by the U.S. Securities and Exchange
Commission (the "SEC").
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies that may provide 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’s
headquarters are located at 201 Shipyard Way, Suite E, Newport
Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking
Statements
This press 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 SEC 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.
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