|NetworkNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Subsidiary Secures Line of Credit to Fund Growth|
DPW Holdings, Inc. (NYSE American: DPW), a diverse holdings company, this morning announced that its subsidiary, Super Crypto Mining, has entered into a revolving loan agreement for up to $2.5 million in connection with a security agreement granting interest in certain collateral, including bitcoin. “It is important for each subsidiary to develop its own capital structure to create flexibility and provide opportunity for expansion,” Milton “Todd” Ault, III, CEO and chairman of DPW, stated in the news release. “As Super Crypto continues its plan to increase miners, this line of credit enables Super Crypto to deploy its assets – bitcoin – to fund growth.” Additional terms and information relating to the agreement can be found in a Form 8-K filed by the company on October 3, 2018, with the SEC.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer