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DPW Holdings cuts total debt YTD by $9M

Apr. 11, 2019 1:29 PM ETAult Alliance, Inc. (AULT) StockBy: Liz Kiesche, SA News Editor
  • DPW Holdings (DPW -2.3%) says the reduction in its debt service will materially reduce overall cash requirement because most of its debt is short-term obligations.
  • The company says it continues to work with its creditors to decrease debt and improve its capital structure while moving forward with its growth and profitability objectives for the year.
  • In its Q3 10-Q, the company reported $24.4M of total current liabilities, with $13.1M comprised of notes payable, convertible notes payable, and revolving credit facility debt.
  • Previously: DPW +11% after closing $7M offering (April 3)

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