Ault Global Holdings, Inc. (NYSE American: DPW) has announced the opening of a new sales office in Las Vegas, Nevada, for its power electronics business, Coolisys Technologies Corp.® This office will focus on commercial electric vehicle (EV) applications, offering products like the ACECool™ Dynamic DC Fast Quartile EV charging system, capable of delivering up to 200 kW per vehicle. The company expects this strategic move to enhance its market presence amid the anticipated growth in EV infrastructure globally.
Ault Global Holdings, Inc. (NYSE American: DPW) has officially changed its name from DPW Holdings, Inc., effective January 19, 2021. The name change, approved by the board, reflects the company’s vision as a global holding entity while retaining its ticker symbol DPW. Key executive appointments include Milton Ault as Executive Chairman, William Horne as CEO, and Henry Nisser as President. Ault emphasized strong progress in 2020, aided by a significant capital raise that strengthened the balance sheet. The headquarters has also moved to Las Vegas, NV.
DPW Holdings, Inc. (DPW) announced that its subsidiary, Coolisys Technologies Corp., has begun accepting pre-orders for its new ACECoolTM residential EV charger on Amazon.com as of January 13, 2021. The 7kW charger supports all EVs with SAE J1772 connectors, including Tesla models. Coolisys is engaging with other online retailers for distribution opportunities. The company believes this product will enhance infrastructure for electric vehicle adoption globally, indicating a strategic move to capitalize on the growing EV market.
DPW Holdings, Inc. (NYSE American: DPW) announced that its fintech subsidiary, Digital Power Lending, LLC (DPL), will soon start offering loans collateralized by bitcoin (BTC) and Ethereum (ETH). This new program aims to enhance DPL's existing lending services initiated in 2017, which provide capital to businesses across the U.S. CEO Milton Ault highlighted that this is a natural progression for DPW, aligning with their focus on fintech and contributing to revenue growth. The launch is expected around March 10, 2021.
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DPW Holdings, Inc. (NYSE American: DPW) has been notified by the NYSE American regarding noncompliance with continued listing standards due to its failure to hold an annual meeting for the fiscal year ending December 31, 2020. The annual meeting, originally scheduled for December 30, 2020, did not achieve quorum. The Company plans to hold the meeting when feasible. DPW Holdings is focused on acquiring undervalued businesses and disruptive technologies across various industries and also extends credit through its licensed lending subsidiary.
DPW Holdings (NYSE American: DPW) announced the termination of its At-the-Market Issuance Sales Agreement with Ascendiant Capital Markets, effective December 31, 2020. This Agreement allowed the sale of 12,582,000 shares, raising gross proceeds of approximately $39.98 million. The shares sold were registered under a shelf registration statement initially filed with the SEC in December 2017. DPW Holdings focuses on acquiring undervalued businesses and technologies across multiple sectors, providing mission-critical products and extending credit through a licensed lending subsidiary.
DPW Holdings, Inc. (NYSE American: DPW) announced that its annual stockholders' meeting scheduled for December 30, 2020, was adjourned due to a lack of quorum. The meeting could not proceed as fewer than a majority of the shares entitled to vote were present. The Company has not indicated plans for a rescheduled meeting but intends to seek approval for proposals from the adjourned meeting when feasible. The record date for the new meeting will be established later, rendering the previous record date ineffective.
DPW Holdings, Inc. (NYSE American: DPW) announces that Alzamend Neuro® has confidentially submitted a draft registration statement on Form S-1 to the SEC for a public offering. The offering will become public following SEC review and market conditions. DPW holds an investment in Alzamend through its subsidiary, Digital Power Lending, LLC. This announcement does not constitute a sale or solicitation of securities prior to registration under relevant laws.
DPW Holdings, Inc. (NYSE American: DPW) announced a $1.1 million contract awarded to its subsidiary, Coolisys Technologies Corp., to manufacture a customized DC to DC power switching solution for tactical military use. This solution will support azimuth satellite-controlled systems during military operations. The contract showcases Coolisys' 15-year reputation for reliable power solutions in challenging conditions. The product aims to provide stable power in GPS-compromised environments, enhancing the operational capabilities of military equipment.