DPW Holdings, Inc. (NYSE American: DPW) announced that its global defense business, Gresham Worldwide, received purchase orders totaling approximately $3.2 million from four different defense contractors. These orders will be fulfilled by its subsidiary Microphase Corporation over the remainder of 2020 and throughout 2021. Gresham Worldwide aims for significant growth fueled by strong demand for its technology solutions in defense and security sectors. DPW's management is focused on improving revenue generation and enhancing shareholder value.
DPW Holdings, Inc. (DPW) announced the adjournment of its 2020 Special Meeting of Stockholders due to a lack of quorum. Initially set for June 8, 2020, the meeting is now rescheduled for July 8, 2020. This meeting aims to vote on several proposals, including the issuance of shares to Esousa Holdings LLC and the conversion of a $1,000,000 Convertible Promissory Note. Additionally, the company previously disclosed a going concern warning in its 2019 financial statements. Stockholders who have already voted do not need to do so again.
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