DPW Holdings Announces Change of Location, Time and Date of Special Meeting of Stockholders Originally Scheduled to be Held o...
March 27 2020 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW) (“
DPW” or
the “
Company”), a diversified holding company
announced today that, due to the emerging public health impact of
the coronavirus (COVID-19) pandemic, the location of DPW’s special
meeting of stockholders that was originally scheduled to be held on
Tuesday, March 31, 2020 at 9:00 a.m. PT at the Hyatt Regency Hotel
Newport Beach, located at 1107 Jamboree Road, Newport Beach, CA
92660 (the “
Special Meeting”) has been changed and
will be held in a virtual meeting format only on April 30, 2020 at
9:00 a.m. PT.
The Special Meeting will be held for the
following purposes:
- To approve the issuance of shares
of the Corporation’s Class A common stock, par value $0.001 per
share (“Common Stock”) to Esousa Holdings LLC
(“Esousa”), in accordance with the Master Exchange
Agreement dated February 10, 2020, and the exercise of warrants
issued in connection therewith;
- To approve the exercise of warrants
issued or issuable to Esousa to purchase up to an aggregate of
2,000,000 shares of Common Stock, issued in connection with certain
term promissory notes in an aggregate amount of up to $2,000,000;
and
- To approve the conversion of a
$1,000,000 Convertible Promissory Note issued on February 5, 2020,
to Ault & Company, Inc., which is convertible into 717,241
shares of Common Stock at $1.45 per share.
The Special Meeting is open to stockholders and
any other parties interested in participating in the simultaneous
live online webcast and traditional conference call/audio only
option. Registration is mandatory and must be completed one hour
prior to the meeting by using this link to register:
https://zoom.us/webinar/register/WN_X6WkVPuzRVGsblGiqS1O1A
Further information regarding this change to the
location, time and date of the special meeting can be found in the
Notice of Change of Location, Time and Date of Special Meeting of
Stockholders filed by DPW with the Securities and Exchange
Commission on March 27, 2020.
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
and majority-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 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: Investor Relations, IR@DPWHoldings.com or (888) 753-2235
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