Ault Alliance Announces Special Dividend with a Record Date of April 20, 2023
April 10 2023 - 6:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company, (“Ault Alliance” or the “Company”), hereby announces an
update on its planned special dividend related to securities of
Imperalis Holdings Corp. (at times referred to as TurnOnGreen)
(“TurnOnGreen”). The dividend will consist of 140 million
shares of TurnOnGreen common stock and warrants to purchase an
additional 140 million shares of TurnOnGreen common stock. The
record date for the special dividend has been set for April 20,
2023. Stockholders who own the Company’s stock on that date will be
eligible to receive the dividend. The Company is committed to
providing this special dividend to its stockholders as a way to
show its appreciation for their continued support. Please note that
the terms of the special dividend, including the timing of the
issuance of the shares and warrants, and the exercise price of the
warrants, are not provided within this press release. Stockholders
should refer to the Company’s official announcements or consult
with their financial advisors for more information about the
specifics of the dividend. The Company notes that the registration
statement related to the proposed special dividend has not yet been
declared effective by the Securities and Exchange Commission.
“We are thrilled to be able to offer this special dividend to
our loyal shareholders,” said Milton “Todd” Ault, III, the
Executive Chairman of Ault. “This is a testament to our commitment
to delivering value to our shareholders, and we hope that they will
find this dividend to be a valuable addition to their investment
portfolio.”
The Company will announce the payment date of the planned
dividend as it moves through the process of obtaining final
regulatory approvals.
This press release is for informational purposes only and shall
not constitute an offer to sell or exchange nor the solicitation of
an offer to buy shares of the Company’s common stock or any other
securities of the Company. The distribution is not being made to
any person in any jurisdiction in which the offer, solicitation or
sale is unlawful. Any distribution of the shares of TurnOnGreen
common stock and warrants will be made only by means of the
applicable registration statement and the prospectus included
therein.
For more information on Ault Alliance and its subsidiaries, Ault
Alliance recommends that stockholders, investors, and any other
interested parties read Ault Alliance’s public filings and press
releases available under the Investor Relations section at
https://www.ault.com/ or available at https://www.sec.gov/.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at https://www.sec.gov/ and on the
Company’s website at https://www.ault.com/.
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