Benzinga | Jan 4, 2021 06:33AM EST

DPW Holdings and the Sales Agent Mutually Terminate the At-the-Market Issuance Sales Agreement

DPW Holdings, Inc. (NYSE:DPW) a diversified holding company ("DPW," or the "Company"), announced that it and Ascendiant Capital Markets, LLC (the "Sales Agent") have mutually agreed to terminate the At-the-Market Issuance Sales Agreement dated October 2, 2020 (the "Agreement"), by and between itself and Sales Agent. The effective date of the termination was December 31, 2020.

The Company sold an aggregate of 12,582,000 shares of its common stock and raised gross proceeds of $39,978,350 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. A prospectus supplement relating to the Agreement was filed with the SEC on October 2, 2020 and an amendment to the prospectus supplement was filed with the SEC on December 1, 2020.

For more information on DPW Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.