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Ault Alliance Says It Has Received an Investment of $44M To Date From Ault & Company Under November 2023 Securities Purchase Agreement

Author: Benzinga Newsdesk | April 19, 2024 06:33am

To date, Ault & Company has purchased an aggregate of 44,000 shares of Series C convertible preferred stock ("Series C Preferred Stock") and warrants ("Series C Warrants") to purchase an aggregate of approximately 13.0 million shares of the Company. Under the Agreement, as amended, Ault & Company can invest up to $75.0 million in the Series C Preferred Stock and Series C Warrants in multiple closings.

Posted In: AULT


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