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DPW Shares Leap on Plan to Put EV Chargers at Fast-Food Outlets

Shares of DPW Holdings  (DPW) – Get Report leaped on Monday after the tech investor said that one of its holdings is trying to place electric-vehicle chargers at fast-food restaurants..

The Newport Beach, Calif., company’s shares recently traded at $3.72, up 75%. They have traded as high as $4.20 on Monday, almost double their Friday close at $2.13. The stock has climbed 91% year to date.

DPW’s Coolisys Technologies “has established a program targeting both national and regional fast-food franchisees to install the ACECool electric-vehicle chargers as a part of a revenue-sharing program,” DPW said in a statement.

“The program initially will be funded from the company’s recent capital-raising activities. The program is expected to be launched in California, Nevada and Canada.”

To be sure, DPW said, “there is no assurance that the program will be successful.”

It “expects the program will allow franchise owners and operators to install the ACECool EV chargers and share in the net revenue from advertising and network usage,” the company said.

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