- 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)