Ault Alliance Regains Compliance with NYSE American Continued Listing Standards
May 02 2024 - 6:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced that on May 1, 2024, the NYSE American LLC (“NYSE
American”) notified the Company that the Company had
successfully regained compliance with the NYSE American’s continued
listing standards related to a low selling price set forth in
section 1003(f)(v) of the NYSE American Company Guide (the
“Company Guide”).
As previously disclosed, on November 12, 2023, the Company
received a letter (the “Deficiency Letter”) from the NYSE
American stating that the Company was not in compliance with the
continued listing standards set forth in Section 1003(f)(v) of the
Company Guide as a result of the then-existing low trading price of
the Company’s common stock. As set forth in the Deficiency Letter,
the continued listing of the Company’s common stock on the NYSE
American was predicated on the Company demonstrating sustained
price improvement within a reasonable period of time, which the
NYSE American determined to be no later than May 13, 2024. As a
result of management’s efforts to regain compliance, the NYSE
American has informed the Company that it is now in full compliance
with the NYSE American’s continued listing standards set forth in
Part 10 of the Company Guide and that the “.BC” designation will be
removed from the “AULT” trading symbol. In addition, the Company
will be removed from the list of NYSE American noncompliant issuers
on the NYSE American’s website.
“We are excited to receive this news from the NYSE American. We
have and will continue to work on driving stockholder value and
right sizing the Company’s long-term public valuation,” said Milton
“Todd” Ault III, Founder and Executive Chairman of the Company.
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
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 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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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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