NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 14, 2019--
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW” or the “Company”) today filed an amendment to its $50 million Regulation A+ Tier II note offering. The notes offered are not convertible, have a term of three years and bear interest at 12%. The Company intends to use the proceeds from this offering to fund loans through its lending subsidiary, Digital Power Lending, LLC, including loans to related parties, acquisitions of equity in other companies whether public or private, the repayment of the Company’s debts as well as the repurchase of shares of the Company’s common stock. The offering is subject to qualification by the U.S. Securities and Exchange Commission (the "SEC").
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that may provide a 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. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
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 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.
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Source: DPW Holdings, Inc.
IR@DPWHoldings.com or 1-888-753-2235