Dpw holdings updates the status of its subsidiary's acquisition of two broker-dealers

Dpw holdings updates the status of its subsidiary dpw financial group, inc.’s acquisition of two broker-dealers; the broker-dealers have withdrawn their applications seeking finra approval.dpw - glendale securities, correspondent clearing broker dealer, to co's knowledge, were informed proposed deal would not be approved in current form.dpw holdings inc - presently evaluating its options with respect to agreements to acquire two broker-dealers.dpw - given withdrawal of agreements, agreement could under no circumstances be closed until late in q3 of 2020 at earliest, if ever.
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