Ault Alliance (AULT) Terminates Exchange Offer
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Ault Alliance Announces Termination of Exchange Offer
May 19, 2023 6:30 AM EDTLAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (Ault Alliance or the Company) (NYSE American: AULT), announced today that it has terminated the previously announced offer (the Offer) to holders of Ault Alliances outstanding Class A Common Stock (the Common Stock) to exchange shares of Common Stock for its 10.00% Series H Cumulative Redeemable Perpetual Preferred Stock (Series H Preferred Stock), as a result of notice from the Depositary Trust Company (DTC) that due to logistical issues relating to the Companys recently effectuated 300 for one reverse stock split (the Reverse Stock... More
