DPW Holdings Announces Adjournment of Special Meeting of Stockholders Due to Lack of Quorum
May 01 2020 - 6:00AM
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding
company (“
DPW,” or the
“
Company”), announced that DPW’s special meeting
of stockholders, scheduled as a virtual meeting format only, on
April 30, 2020 at 9:00 a.m. PT. was adjourned due to a lack of
quorum.
A quorum consists of a majority of the shares
entitled to vote. There were fewer than a majority of shares
entitled to vote present, either in person or by proxy at this
meeting. The special meeting of stockholders therefore had no
quorum and the meeting was adjourned.
The Company will hold another special meeting on
June 8, 2020 at which it will seek approval for the same proposals
as was sought for the meeting held on April 30, 2020, as well as
the ratification of the appointment of Marcum LLP as its
independent auditor. The record date for the new special meeting
will be established by the Company, but will be set at a future
date; the former record date of March 2, 2020 is no longer
valid.
For more information on DPW Holdings and its
subsidiaries, the Company recommends that stockholders, investors
and any other interested parties read the Company’s public filings
and press releases available under the Investor Relations section
at www.DPWHoldings.com or available at www.sec.gov.
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 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:
IR@DPWHoldings.com or 1-888-753-2235
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