DPW Holdings Announces Change of Location, Time and Date of Special Meeting of Stockholders Originally Scheduled to be Held on March 31, 2020
The Special Meeting will be held for the following purposes:
- To approve the issuance of shares of the Corporation’s Class A common stock, par value
$0.001per share (“Common Stock”) to Esousa Holdings LLC(“Esousa”), in accordance with the Master Exchange Agreement dated February 10, 2020, and the exercise of warrants issued in connection therewith;
- To approve the exercise of warrants issued or issuable to Esousa to purchase up to an aggregate of 2,000,000 shares of Common Stock, issued in connection with certain term promissory notes in an aggregate amount of up to
- To approve the conversion of a
$1,000,000Convertible Promissory Note issued on February 5, 2020, to Ault & Company, Inc., which is convertible into 717,241 shares of Common Stock at $1.45per share.
The Special Meeting is open to stockholders and any other parties interested in participating in the simultaneous live online webcast and traditional conference call/audio only option. Registration is mandatory and must be completed one hour prior to the meeting by using this link to register: https://zoom.us/webinar/register/WN_X6WkVPuzRVGsblGiqS1O1A
Further information regarding this change to the location, time and date of the special meeting can be found in the Notice of Change of Location, Time and Date of Special Meeting of Stockholders filed by DPW with the
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
Contacts: Investor Relations, IR@DPWHoldings.com or (888) 753-2235
Source: DPW Holdings, Inc.