Financial Expert Brings Over 20-Years’ of Investment Banking,
Financial Restructuring and Principal Investment Experience
Ault Global Holdings, Inc. (NYSE American: DPW) a diversified
holding company (the “Company”), announced it has hired
Christopher K. Wu to fill the new position of Executive Vice
President of Alternative Investments of the Company and the
President of Ault Alliance, Inc., one of the Company’s wholly owned
subsidiaries. Mr. Wu will report to the Company’s CEO, William B.
Horne.
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Christopher K. Wu, Executive Vice
President of Alternative Investments for Ault Global Holdings, Inc.
and President of Ault Alliance, Inc. (Photo: Business Wire)
Milton “Todd” Ault, III, the Company’s Executive Chairman,
stated, “With over 20 years’ experience in investment banking,
financial restructuring, and principal investment, Chris is a great
fit for Ault Global. We look forward to the impact Chris can make
with investment sourcing, strategic planning, business development
and building shareholder value. We believe his financial acumen
will enhance our ability to continue to build and monetize our
diversified portfolio.”
Mr. Wu stated, “I am excited to join Ault Global Holdings and I
am looking forward to creating significant shareholder value from
Ault Global’s investment platform by finding undervalued and
disruptive investment opportunities as well as optimizing financing
and growth for its operating businesses.”
About Christopher K. Wu
From April 2017 through June 30, 2021, Mr. Wu was the President,
Restructuring Advisory and Senior Managing Director of Teneo
Capital LLC. Prior to joining Teneo, Mr. Wu was a partner of Carl
Marks Advisors for fourteen years as Co-Head of its Investment
Banking Group and Member of its Management Committee. Prior to Carl
Marks, Mr. Wu was an investment banker with JPMorgan for six years
in New York and London focused on M&A, asset-backed securities
and debt private placements. Mr. Wu is a recognized senior adviser
with more than 23 years of investment banking, financial
restructuring, and principal investment experience.
Mr. Wu’s experience spans many industries with a concentration
in commercial real estate, insurance and financial services,
alternative energy, cryptocurrencies, technology, business
services, consumer products, and basic industries. Mr. Wu has
closed over 125 transactions in his career encompassing a wide
variety of complex transactions, including asset and corporate
stock purchases, leveraged buyouts, mergers, spin-offs, carve outs
as well as all forms of situational financings including
debtor-in-possession, asset-based loans, construction finance,
backstop equity, preferred stock, and junior capital
financings.
In 2020, Mr. Wu’s work on the reorganization of CBCS Washington
Street, a five-star luxury hotel in the TriBeCa district of
Manhattan, was cited as Hospitality Deal of the Year by the M&A
Advisor. Mr. Wu was named Financial Adviser of the Year in 2018 for
his role in the Chapter 11 reorganization of Navillus Contracting,
the largest concrete superstructure subcontractor in New York. He
was also named M&A Banker of the Year in 2016 by the Turnaround
Atlas Awards and Restructuring Banker of the Year in both 2013 and
2014. In 2013, the M&A Advisor recognized his leading role in
the sale of PJ Finance as Real Estate Deal of the Year. In 2011,
The Global M&A Network cited his work on FX Luxury Las Vegas I
as 2011 Chapter 11 Real Estate Reorganization of the Year - Middle
Markets.
Mr. Wu earned a B.A. from the University of Chicago and an
M.B.A. in Finance from New York University. Mr. Wu serves as Vice
Chairman of the Board of Trustees of the Institute for Career
Development, a New York based non-profit agency focused on
vocational rehabilitation for people with disabilities.
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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