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Ault Alliance | 8-K: Current report

SEC announcement ·  Mar 20 04:33
Summary by Futu AI
Ault Alliance, Inc., a Delaware-based corporation, has reported the sale of 500 shares of Series C convertible preferred stock and corresponding warrants to Ault & Company, Inc. on March 18 and 19, 2024. This transaction is part of a larger agreement, initially executed on November 6, 2023, which allows for the purchase of up to $50 million of Series C Convertible Preferred Stock and Series C Warrants. As of March 19, 2024, Ault & Company, Inc. has acquired a total of 43,500 shares of the preferred stock and warrants to purchase 12,860,312 common shares, amounting to an aggregate purchase price of $43.5 million. The purchaser is affiliated with Ault Alliance, Inc. The sale of these securities was conducted under an exemption from registration requirements, as detailed in the Form 8-K filed with the SEC, which incorporates by reference the material terms of the securities and the agreement.
Ault Alliance, Inc., a Delaware-based corporation, has reported the sale of 500 shares of Series C convertible preferred stock and corresponding warrants to Ault & Company, Inc. on March 18 and 19, 2024. This transaction is part of a larger agreement, initially executed on November 6, 2023, which allows for the purchase of up to $50 million of Series C Convertible Preferred Stock and Series C Warrants. As of March 19, 2024, Ault & Company, Inc. has acquired a total of 43,500 shares of the preferred stock and warrants to purchase 12,860,312 common shares, amounting to an aggregate purchase price of $43.5 million. The purchaser is affiliated with Ault Alliance, Inc. The sale of these securities was conducted under an exemption from registration requirements, as detailed in the Form 8-K filed with the SEC, which incorporates by reference the material terms of the securities and the agreement.

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