Dpw holdings inc.’s subsidiary, dpw financial group, inc., agrees to acquire two broker-dealers

Dpw holdings inc.’s subsidiary, dpw financial group, inc., agrees to acquire two broker-dealers, one of which is a correspondent clearing firm.dpw holdings - acquisitions will be completed by dpwf through issuance of dpwf preferred stock with an aggregate stated value of approximately $15 million.dpw holdings inc - in connection with acquisitions, dpw will make a loan of about $9 million to dpwf.dpw holdings - dpwf will acquire glendale securities, its correspondent clearing broker dealer.
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