DPW Holdings, Inc. (NYSE American: DPW), a diverse holdings
company, this morning announced that it has filed a prospectus supplement with
the Securities and Exchange Commission for a continuous public offering of up
to one million shares of its newly designated 10% Series A Cumulative
Redeemable Perpetual Preferred Stock carrying liquidation preference of $25.00
per share. Per the update, the company expects to realize up to $23.5 million
in net proceeds from this offering, prior to payment of estimated expenses of
the offering payable by the company, assuming all shares are sold. DPW intends
to use the net proceeds from this offering to repay existing indebtedness, to
fund future acquisitions and for other general corporate purposes.
To view the full press release, visit http://ibn.fm/dB48J
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive technologies with
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. For more
information, visit the company’s website at www.DPWHoldings.com
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