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Ault Alliance | 424B5: Prospectus

SEC announcement ·  Apr 17 05:26
Summary by Futu AI
Ault Alliance, Inc., formerly known as BitNile Holdings, Inc., has announced the termination of its 2023 note offering, effective April 16, 2024. The offering included $8,000,000 of 7.00% senior notes due 2024, $10,000,000 of 8.50% senior notes due 2026, and $30,000,000 of 10.50% senior notes due 2028. Between September 1, 2023, and April 15, 2024, the company sold $53,500 principal face amount of the 2024 Notes and $25,000 principal face amount of the 2028 Notes, with no 2026 Notes sold. The company will continue to honor the terms and conditions of the existing notes. Additionally, Ault Alliance has the capacity to offer and sell up to $350,000,000 of various securities, including common stock, preferred stock, debt securities, warrants, rights, or units, which may be convertible or exchangeable for common or preferred stock or other securities. The company's common stock is listed on the NYSE American under the symbol 'DPW.' The last reported sale price of the common stock was $2.29 as of October 22, 2021. The prospectus supplement dated April 16, 2024, supersedes the previous prospectus supplement dated September 1, 2023.
Ault Alliance, Inc., formerly known as BitNile Holdings, Inc., has announced the termination of its 2023 note offering, effective April 16, 2024. The offering included $8,000,000 of 7.00% senior notes due 2024, $10,000,000 of 8.50% senior notes due 2026, and $30,000,000 of 10.50% senior notes due 2028. Between September 1, 2023, and April 15, 2024, the company sold $53,500 principal face amount of the 2024 Notes and $25,000 principal face amount of the 2028 Notes, with no 2026 Notes sold. The company will continue to honor the terms and conditions of the existing notes. Additionally, Ault Alliance has the capacity to offer and sell up to $350,000,000 of various securities, including common stock, preferred stock, debt securities, warrants, rights, or units, which may be convertible or exchangeable for common or preferred stock or other securities. The company's common stock is listed on the NYSE American under the symbol 'DPW.' The last reported sale price of the common stock was $2.29 as of October 22, 2021. The prospectus supplement dated April 16, 2024, supersedes the previous prospectus supplement dated September 1, 2023.
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