Summary by Futu AI
Ault Alliance, Inc. has completed a series of stock acquisitions in Gresham Worldwide, Inc. [GIGA], as per the latest filings. On March 15, 2024, Ault Alliance directly purchased 2,000,000 shares of Gresham Worldwide's common stock at a transaction price of $0.01 per share, following which the company's direct holdings increased to 4,920,085 shares. Additionally, through Ault Lending, LLC, Ault Alliance indirectly acquired a total of 10,000 shares on two separate transactions dated June 24 and June 25, 2024, at prices ranging from $0.126 to $0.1346 per share. After these transactions, the total indirect holdings amounted to 25,000 shares. The acquisitions reflect Ault Alliance's increasing stake in Gresham Worldwide, with the transactions being classified as an exercise or conversion of derivative security and open market or private purchases, respectively.