Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance” or the “Company”) announced
today the launch of its new FinTech offering via the Company’s
online investing platform Monthlyincome.com, which provides
opportunities for investors to purchase senior unsecured notes and
earn fixed monthly income.
Monthlyincome.com is a new FinTech platform created to provide
both accredited and non-accredited investors the opportunity to
earn monthly income through unique investment opportunities.
Initially, the Company through the Monthlyincome.com platform will
offer a range of investment instruments, including one-, three- and
five-year senior unsecured notes paying annual interest at 7.0%,
8.5% and 10.5%, respectively. Ault Alliance will offer these senior
notes directly through its Monthlyincome.com portal. For more
information about the senior notes offering, interested parties are
encouraged to visit Monthlyincome.com. Interested parties may also
refer to the Ault Alliance prospectus supplement, pursuant to which
the senior notes have been registered, filed with the Securities
and Exchange Commission on September 1, 2023. The senior notes are
a new issue of securities and the Company has no current plans to
list the notes for trading or quotation on a securities exchange or
market.
The long-term objective for Monthlyincome.com is to create a
platform that connects investors with high-yield investment
opportunities, which although not FDIC-insured like bank
investments, are designed to provide fixed monthly returns higher
than the best-paying bank savings accounts and certificates of
deposit. Monthlyincome.com plans to expand its FinTech offerings
across a multitude of sectors and verticals, including real estate,
direct lending and private equity-like transactions. Utilizing the
in-depth commercial lending experience of Ault Alliance’s
subsidiary Ault Lending, LLC (“Ault Lending”),
Monthlyincome.com aims to build a diversified portfolio of
high-income generating opportunities for customers. It is expected
that Ault Lending will provide support for Monthlyincome.com in
selecting the offerings through sourcing, underwriting, diligence
and management of the eventual investments.
Milton “Todd” Ault III, Executive Chairman of Ault Alliance,
shared his excitement on the launch of Monthlyincome.com stating,
“We could not be more excited for the launch of the Company’s new
FinTech offering, Monthlyincome.com. We believe this platform will
be uniquely situated to offer better overall interest rate returns
to investors and we look forward to bringing new exciting
opportunities to both accredited and non-accredited investors as
Monthlyincome.com grows.”
Ault Alliance is not a bank, registered broker-dealer or
investment adviser. Funds invested with Ault Alliance, including
through the Monthlyincome.com platform, do not have FDIC or SIPC
insurance, and could be lost if the investment fails. 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 of the Company’s
website at www.Ault.com or at 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 offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, and
provides mission-critical products that support a diverse range of
industries, including a 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 its licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
Legal Disclaimer
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to qualification under
the securities laws of any such state or jurisdiction.
Prospectus Supplement and Company SEC Filings
THE COMPLETE TERMS AND CONDITIONS OF THE NOTES ARE SET FORTH
IN THE PROSPECTUS SUPPLEMENT FILED ON SEPTEMBER 1, 2023 WITH THE
SECURITIES AND EXCHANGE COMMISSION. PROSPECTIVE PURCHASERS OF THE
NOTES ARE STRONGLY ENCOURAGED TO READ THE PROSPECTUS SUPPLEMENT,
AND IN PARTICULAR THE RISK FACTORS CONTAINED IN THE PROSPECTUS
SUPPLEMENT AND BASE PROSPECTUS, AS WELL AS THE RISK FACTORS AND
FINANCIAL INFORMATION CONTAINED IN THE COMPANY’S OTHER PUBLIC
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION BECAUSE THEY
CONTAIN IMPORTANT INFORMATION ABOUT THE TERMS AND CONDITIONS OF THE
NOTES AND THE COMPANY’S FINANCIAL CONDITION. SUCH DOCUMENTS ARE
AVAILABLE WITHOUT CHARGE AT THE SECURITIES AND EXCHANGE
COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV AND ON THE
COMPANY’S WEBSITE AT 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, except
as required by U.S. federal securities laws. 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 SEC, 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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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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