NetworkNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Board of Directors Approves Pursuit of DPW Technology Group IPO

December 18, 2018 09:48:35

DPW Holdings (NYSE American: DPW) this morning announced that its board of directors has authorized the officers of the company to pursue a separate listing and initial public offering (“IPO”) of its DPW Technology Group, which is comprised of DPW’s defense and aerospace businesses as well as the electronics and power solutions businesses. Completion of the IPO is anticipated to occur in the first half of 2019, at which time DPW is expected to remain a majority shareholder of the new entity. DPW Technology Group plans to hire a chief executive officer to provide leadership during the IPO and to develop and execute future growth strategies. Additionally, DPW’s primary investor has agreed to provide purchase order financing up to $700,000 which shall be secured by a guarantee of Ault & Company, Inc. The parties are currently in the process of negotiating definitive documents. If the financing is received, the proceeds would be used to deliver on the backlog of products in DPW’s defense business.

“Our strategy is to create opportunities for investors to hold equity in more focused, streamlined entities. The technology and defense businesses have generated a significant backlog, and we believe the capital from an IPO will accelerate revenue growth and, ultimately, add value to our stockholders. This announcement follows recent news regarding our pursuit of a spin-off of, or other transaction involving, Super Crypto Mining, Inc. and we look forward to enhancing value for both companies as they enter their next phase of growth,” DPW Holdings CEO and Chairman Milton “Todd” Ault, III stated in the news release.

To view the full press release, visit

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

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office