Ault Global Holdings Announces Ault & Company, Inc. Has Agreed to Acquire 1,000,000 Shares of Its Common Stock
June 15 2021 - 7:00AM
Business Wire
Ault Global Holdings, Inc. (NYSE American: DPW) a diversified
holding company (the “Company”), announced that Ault &
Company, Inc., a Delaware corporation, has agreed to acquire
1,000,000 shares of the Company’s common stock at a price of $2.99
per share, or $0.05 higher than the closing price from Thursday,
June 10, 2021. The transaction is subject to approval by the NYSE
American.
Milton “Todd” Ault, III, the Company’s Executive Chairman,
stated, “This purchase of common stock by Ault & Company
demonstrates belief in the progress being achieved by the Company
and its subsidiaries, the strength and value of the assets of Ault
Global Holdings today, and the confidence in our ability to
increase shareholder value.”
Ault & Company, Inc. is a private holding company controlled
by Mr. Ault.
For more information on Ault Global Holdings and its
subsidiaries, the Company recommends that stockholders, investors
and any other interested parties read the Company’s public filings
with the SEC, available at www.sec.gov, and press releases
available under the Investor Relations section at
www.AultGlobal.com.
About Ault Global Holdings, Inc.
Ault Global Holdings, 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, the Company
provides mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial, automotive,
telecommunications, medical/biopharma, and textiles. In addition,
the Company extends credit to select entrepreneurial businesses
through a licensed lending subsidiary. Ault Global Holdings’
headquarters are located at 11411 Southern Highlands Parkway, Suite
240, Las Vegas, NV 89141; www.AultGlobal.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.AultGlobal.com.
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