DPW Holdings Announces Results of Special Meeting of Stockholders
July 08 2020 - 4:30PM
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding
company (“
DPW,” or the “
Company”)
today announced the results of the Company’s 2020 Special Meeting
of Stockholders (the “
Meeting”), which was held at
9:00 a.m. PT on July 8, 2020 and at which time the four proposals
voted upon, as set forth in the Company’s Definitive Proxy
Statement, were approved by stockholders.
“Today’s vote represents a substantial
opportunity for the Company to return the growth and put behind it
the last few years of debt that was very costly and needed to be
dealt with. We appreciate the shareholders who supported our
efforts. With our global defense business improving and the vote
behind us we look forward to improving results and achieving
greater stability,” said Milton C. Ault, III, Chief Executive
Officer of DPW.
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 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 StatementsThis
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.
Contacts:
IR@DPWHoldings.com or 1-888-753-2235
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