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.
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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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