4//SEC Filing
Ault & Company, Inc. 4
Accession 0001214659-20-001936
CIK 0000896493other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 5:04 PM ET
Size
6.8 KB
Accession
0001214659-20-001936
Insider Transaction Report
Form 4
Ault & Company, Inc.
10% Owner
Transactions
- Other
8% Convertible Promissory Note
2020-02-05$1000000.00/sh+1$1,000,000→ 1,000,000 totalExercise: $1.45→ Common Stock (689,655 underlying)
Footnotes (3)
- [F1]On February 5, 2020, the Issuer sold and issued an 8% Convertible Promissory Note in the principal amount of $1,000,000 (the "Note") to the Reporting Person, which Note is convertible into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a conversion price of $1.45 per share. Conversion of the Note is subject to the approval of the Issuer's stockholders at a special meeting thereof, as required by Rule 713(a)(ii) of the NYSE Company Guide, and subsequently, the authorization from the NYSE American (the "Required Approvals").
- [F2]After the Issuer's receipt of the Required Approvals, the Note shall be convertible, at the election of the Reporting Person, prior to payment, or prepayment, in full by or on August 5, 2020.
- [F3]Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of Common Stock.
Documents
Issuer
DPW Holdings, Inc.
CIK 0000896493
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001734770
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 5:04 PM ET
- Size
- 6.8 KB