Hyperscale Data, Inc. — Director's Dealing 2020

Aug 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DPW Holdings, Inc. (DPW)
CIK: 0000896493
Period of Report: 2020-08-21

Reporting Person: Ault & Company, Inc. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-21	Common Stock	C	413793	$1.45	Acquired	1080738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-21	8% Convertible Promissory Note	$1.45	C	1	Acquired		Common Stock (689655)	Direct

Footnotes

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. On August 20, 2020, the Reporting Person converted $600,000 of the Note into 413,793 shares of Common Stock. The Issuer's stockholders approved the conversion of the Note into shares of Common Stock at $1.45 per share at the Issuer's special meeting of stockholders held on July 8, 2020, as required by Rule 713(a)(ii) of the NYSE Company Guide.

F2: The Note is convertible, at the election of the Reporting Person, prior to payment, or prepayment, in full on or after July 22, 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.