DPW Holdings +24% as it plans to issue $50M of notes

|About: DPW Holdings, Inc. (DPW)|By:, SA News Editor

Nanocap holding company DPW Holdings (NYSEMKT:DPW) surges 24% after announcing it expects to issue $50M in three-year non-convertible promissory notes to raise new capital for a number of uses including the funding of loans through its Digital Power Lending unit.

Expects that the notes will accrue annualized interest of 5%-15% that will be paid rata monthly and will be offered on a continuous basis.

The notes will be available only on an online lending platform operated by its DPL unit.

Subscribe for full text news in your inbox