Diversified holding company DPW Holdings (NYSE American: DPW) this morning announced that it has entered a stock purchase agreement with Ault & Company, Inc., a Delaware corporation, with the sale subject to approval by the NYSE American stock exchange. Under the agreement terms, DPW will issue 416,667 common stock shares to Ault & Company, Inc. at a purchase price of $0.12 per share for total consideration of $50,000. Ault & Company, Inc. is a private holding company controlled by Mr. Milton C. Ault, III the company’s chairman and chief executive officer.
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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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