Washington, D.C. 20549




Amendment No. 2 to





Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934




Date of Report (Date of earliest event reported):  February 25, 2020



(Exact name of registrant as specified in its charter)


Delaware   001-12711   94-1721931
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)   (I.R.S. Employer Identification No.)


201 Shipyard Way, Suite E, Newport Beach, CA 92663

 (Address of principal executive offices) (Zip Code)


(949) 444-5464

(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class  



  Name of each exchange on which registered
Common Stock, $0.001 par value   DPW   NYSE American


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


 Emerging growth company


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.









This Amendment No. 2 on Form 8-K/A (the “Amended Current Report”) amends the Current Report on Form 8-K of DPW Holdings, Inc. (then known as Digital Power Corporation) originally filed with the Securities and Exchange Commission on March 20, 2017 (the “Prior Filing”). Its sole purpose is to amend the Purchase Order (as defined below) to extend the term.


Other than the foregoing, this Amended Current Report speaks as of the original date of the Prior Filing, does not reflect events that may have occurred subsequent to the date of the Prior Filing and does not modify or update in any way disclosures made in the Prior Filing


Item 1.01Entry into a Material Definitive Agreement.


On March 14, 2017, DPW Holdings, Inc., formerly known as Digital Power Corporation (the “Company”), and MTIX Ltd. entered into a three-year, US $50 million purchase order to manufacture, install and service fabric treatment machines that utilize MTIX’s proprietary Multiplexed Laser Surface Enhancement (MLSE™) system (the “Purchase Order”). On February 24, 2020, the parties extended the term of the Purchase Order to March 7, 2022.



Item 9.01Exhibits and Financial Statements


(d)           Exhibits:




10.1   Purchase Order *
10.2   Amendment to MTIX Limited Purchase Order Number 2121


* Previously filed.








Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 Dated: February 25, 2020 /s/ Henry Nisser
  Henry Nisser
  Executive Vice President






Exhibit 10.2


Amendment to

MTIX Limited Purchase Order Number 2121


This amendment (the “Amendment”) is made as of February 24, 2020 to that certain Purchase order Number 2121, issued by MTIX Limited in favor of DPW Holdings, Inc. (f/k/a Digital Power Corporation), dated March 7, 2017 (the “Purchase Order”).


It is mutually understood and agreed that the parties to the Purchase Order, previously, on November 14, 2018, amended the relevant payment terms. This amendment hereby extends the term of the Purchase Order to March 7, 2022.


Except as amended hereby, the Agreement shall remain unmodified and is hereby ratified in all respects.


This Amendment may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.



In Witness Whereof, the parties hereto have executed this Amendment as of the date first above written.






By: /s/ Pravin Mistry
Name: Pravin Mistry
Title: Chief Executive Officer and President






By: /s/ Milton C. Ault
Name: Milton C. Ault, III
Title: Chief Executive Officer