Ault Alliance Announces an Amendment in the Pending Exchange Offer
April 20 2023 - 4:30PM
Business Wire
Ault Alliance, Inc. (“Ault Alliance” or the “Company”) (NYSE
American: AULT), announced today that it has amended and restated
the Offer to Exchange in connection with the previously announced
exchange offer (the “Offer”). The Company is amending and restating
the Offer to Exchange to clarify certain terms of the Offer
regarding closing conditions, provide updated financial information
for the years ended December 31, 2021 and December 31, 2022, and
provide certain voting rights to the Series H Preferred Stock that
are required by the NYSE American to list the Series H Preferred
Stock on the NYSE American. The other terms and conditions of the
Offer remain unchanged.
An Amended and Restated Offer to Exchange has been filed with
the U.S. Securities and Exchange Commission, and can be retrieved
at http://www.sec.gov. Documents relating to the Offer may be
downloaded at: https://ir.ault.com/reports-financials/sec-filings/,
and will be distributed to holders of shares of Common Stock who
request them from Georgeson, the information agent for the Offer at
888-565-5423 or visit https://ir.ault.com/ for this purpose.
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 the Series H Preferred Stock or any other
securities. The Offer is not being made to any person in any
jurisdiction in which the offer, solicitation or sale is unlawful.
Any offers of the Series H Preferred Stock will be made only by
means of the Offer to Exchange.
The complete terms and conditions of the Offer are set forth in
the Amended and Restated Offer to Exchange dated April 20, 2023
that has been filed with the Securities and Exchange Commission on
Schedule TO. Stockholders of Ault Alliance are strongly encouraged
to read the Schedule TO and related exhibits because they contain
important information about the Offer. The Schedule TO and related
exhibits will be available without charge at the Securities and
Exchange Commission’s website at http://www.sec.gov and will be
delivered without charge to all stockholders of Ault Alliance.
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 www.sec.gov and on the Company’s
website at www.ault.com.
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