Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that, on April 24, 2018, it received an additional capital investment of $250,000 from Philou Ventures, its largest shareholder. Per the update, this investment is in accordance with Philou Ventures’ right to invest up to a total of $5 million in DPW Holdings under the terms and conditions outlined in the Preferred Stock Purchase Agreement executed between the companies on March 16, 2017. Including this latest capital, Philou Ventures has now invested a total of $1.25 million in DPW Holdings.
To view the full press release, visit http://ibn.fm/kBEKH
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company that, through its wholly owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions where innovation is the main driver for mission-critical applications and lifesaving services. Coolisys’ growth strategy targets core markets characterized by ‘high barriers to entry’ that include specialized products and services not likely to be commoditized. Coolisys through its portfolio companies develops and manufactures cutting-edge resonant switching power topologies, specialized complex high-frequency radio frequency (RF) and microwave detector-log video amplifiers, very high-frequency filters and naval power conversion and distribution equipment. For more information, visit the company’s website at www.DPWHoldings.com
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Editor@QualityStocks.com
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