On June 4, 2024, Ault Alliance, Inc., a Delaware-based corporation, entered into a significant financial agreement with OREE Lending Company, LLC and Helios Funds LLC. The agreement established an unsecured, non-revolving credit facility allowing Ault Alliance to access up to $20 million in funding, with a restriction that no more than $2 million can be outstanding at any given time. An initial advance of $1.5 million was made to Ault Alliance on the execution date of the agreement. The loan is set to mature on December 4, 2024, with a provision for extension to June 4, 2025, if certain conditions regarding an equity line of credit agreement are met. The loan carries a 15% annual interest rate and includes a 20% original issuance discount. Milton C. Ault, the Executive Chairman of Ault Alliance, has provided a personal guarantee for the obligations under the credit agreement. The details of the loan agreement and guarantee were attached as exhibits to the company's Form 8-K filed with the SEC.

On June 4, 2024, Ault Alliance, Inc., a Delaware-based corporation, entered into a significant financial agreement with OREE Lending Company, LLC and Helios Funds LLC. The agreement established an unsecured, non-revolving credit facility allowing Ault Alliance to access up to $20 million in funding, with a restriction that no more than $2 million can be outstanding at any given time. An initial advance of $1.5 million was made to Ault Alliance on the execution date of the agreement. The loan is set to mature on December 4, 2024, with a provision for extension to June 4, 2025, if certain conditions regarding an equity line of credit agreement are met. The loan carries a 15% annual interest rate and includes a 20% original issuance discount. Milton C. Ault, the Executive Chairman of Ault Alliance, has provided a personal guarantee for the obligations under the credit agreement. The details of the loan agreement and guarantee were attached as exhibits to the company's Form 8-K filed with the SEC.