DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company announced it has received a deficiency letter (the “Letter”) from NYSE American, LLC (the “Exchange”) indicating that the company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American company Guide (the “company Guide”), the company said.
Specifically, the Letter informed the company that the Exchange has determined that the shares of the company´s common stock (the “Shares”) have been selling for a low price per Share for a substantial period of time and, pursuant to Section 1003(f)(v) of the company Guide, the company´s continued listing is predicated on the company effecting a reverse stock split of the Shares, which is scheduled to become effective on August 6, 2019, or otherwise demonstrating sustained price improvement within a reasonable period of time, which the Exchange determined to be no later than September 16, 2019.
For more information on the company, DPW 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 http://www.DPWHoldings.com or available at www.sec.gov.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW´s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.