On March 11, 2024, Ault Alliance, Inc., a Delaware-incorporated company, entered into a note purchase agreement with two institutional investors. The agreement involves the sale of convertible promissory notes with a principal face amount of $2,000,000 for a purchase price of $1,800,000. These notes will mature on June 12, 2024, with an option for the company to extend the maturity to September 12, 2024, under certain conditions. The notes, which are convertible into Class A common stock at $0.35 per share, will accrue interest at 6% per annum, increasing to 12% in the event of default. The offering is set to close on March 12, 2024, and is made under the company's effective shelf registration statement and a prospectus supplement filed with the SEC. The agreement includes standard representations, warranties, and covenants, as well as termination provisions and closing conditions. The issuance and sale of the notes and conversion shares are supported by a legal opinion from Olshan Frome Wolosky LLP.

On March 11, 2024, Ault Alliance, Inc., a Delaware-incorporated company, entered into a note purchase agreement with two institutional investors. The agreement involves the sale of convertible promissory notes with a principal face amount of $2,000,000 for a purchase price of $1,800,000. These notes will mature on June 12, 2024, with an option for the company to extend the maturity to September 12, 2024, under certain conditions. The notes, which are convertible into Class A common stock at $0.35 per share, will accrue interest at 6% per annum, increasing to 12% in the event of default. The offering is set to close on March 12, 2024, and is made under the company's effective shelf registration statement and a prospectus supplement filed with the SEC. The agreement includes standard representations, warranties, and covenants, as well as termination provisions and closing conditions. The issuance and sale of the notes and conversion shares are supported by a legal opinion from Olshan Frome Wolosky LLP.