DPW Holdings Enters into Exchange Agreement for Debt
Ault Global Holdings, Inc. (DPW)
NASDAQ:AMEX Investor Relations:
dpwholdings.com
Company Research
Source: Business Wire
Company Announces that Restructured Debt to Date for 2019 Totals $15.8M NEWPORT BEACH, Calif.--(BUSINESS WIRE)--DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company (“DPW,” or the “Company”), announced that it has entered into an exchange agreement with a creditor for debt previously in default for $1,000,000. The Company restructured the debt by issuing new convertible debt in the principal amount of $1,492,000.00. To date, the principal amount of debt that DPW has either eliminated or restructured for the year presently exceeds $15.8M.On July 5, 2019, the Company entered into an exchange agreement with an institutional investor pursuant to which, in exchange for the surrender of that certain 12% Promissory Note in the principal amount of $1,000,000 at a 10% original issue discount originally issued pursuant to a Securities Purchase Agreement dated March 23, 2018, the Company issued to the investor a new Convertible Promissory Note in the principal amount of $1,2
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