Newport Beach, Calif., Sept. 12, 2018 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW), a diversified
holding company (the “Company”), announced that it has sent a notice to H.C. Wainwright & Co., LLC (“HCW”) terminating the At
Market Issuance Sales Agreement, dated February 27, 2018 (the “Agreement”), by and between itself and HCW. The effective date of
the termination is September 23, 2018.
The Company sold an aggregate of 21,241,911 shares of its common stock and raised gross proceeds of $19,022,416 through the
Agreement. Sales of common stock sold pursuant to the Agreement were registered on the Company's shelf registration statement on
Form S-3, initially filed with the SEC on December 18, 2017 (File No. 333-222132) and declared effective by the SEC on January 11,
2018. The prospectus supplement relating to the Agreement was filed with the SEC on February 27, 2018.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive
technologies with a 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. DPW Holdings, Inc.’s headquarters is
located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com
Forward-Looking Statements
The foregoing 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 U.S. Securities and
Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available
at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
Contacts: Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com