- Ault Global Holdings Inc (NYSE:DPW) subsidiary entered into agreements for investments of ~$5.5 million in pharmaceutical company Cosmos Holdings, Inc. (OTC:COSM).
- The first investment, a convertible promissory note, resulted in immediate net proceeds of ~$500,000.
- The second investment for $5 million in Series A Preferred Stock is subject to Cosmos’s common stock commencing trading on the Nasdaq Stock Market, along with the fulfillment of other closing conditions.
- “We are delighted to make this strategic investment in Cosmos given their scalable business model and significant market opportunity. We believe this investment will help accelerate the growth of their business and support their plans to list on Nasdaq,” commented Ault Global’s Executive Chairman, Milton Ault.
- Price Action: DPW shares are trading higher by 0.36% at $2.25 on the last check Tuesday.
3 REITs With The Largest Recent Dividend Hikes
If you’re a serious real estate investment trust (REIT) investor, dividend hikes are like music to your ears. If you already own the stocks that are announcing increases, you’ll receive more money each month or quarter and have the satisfaction of knowing that your annual yield, based on your purchase price, is also rising.
