DPW Holdings, Sales Agent Mutually Terminate At-the-Market Issuance Sales Agreement.
TELECOMWORLDWIRE-January 5, 2021-DPW Holdings, Sales Agent Mutually Terminate At-the-Market Issuance Sales Agreement
(C)1994-2021 M2 COMMUNICATIONS http://www.m2.com
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding 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 company said.
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 USD 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...
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