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Ault Alliance, Inc. - AULT STOCK NEWS

Welcome to our dedicated page for Ault Alliance news (Ticker: AULT), a resource for investors and traders seeking the latest updates and insights on Ault Alliance stock.

Ault Alliance, Inc. (AULT) is a multifaceted holding company renowned for its diverse portfolio and strategic growth initiatives. The company specializes in acquiring undervalued assets, disruptive technologies, and sustainable solutions to foster long-term growth and returns for its investors. Ault Alliance operates across a broad spectrum of industries, including commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

Ault Alliance is dedicated to innovation, investing through its subsidiaries in cutting-edge technologies and services. The company is a leader in supplying mission-critical products and solutions, supporting sectors like oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles.

One of the key operations of Ault Alliance is its data center, which focuses on Bitcoin mining, highlighting the company's engagement with modern and future-forward industries. The company’s structure is segmented into eight reportable divisions: Energy and Infrastructure; Technology and Finance; SMC; Sentinum, Inc.; GIGA; TurnOnGreen; ROI; and Ault Disruptive. Each segment is tasked with specific operational and strategic goals, contributing to the overarching aim of sustainable growth and market leadership.

Ault Alliance's recent achievements include expansions in their crypto-mining operations, significant technological advancements through their subsidiaries, and partnerships that have bolstered their market position in various industries. The company's financial condition remains strong, backed by a strategic approach to acquisitions and development, ensuring robust returns for investors.

Through a combination of strategic investments, innovative technologies, and a commitment to sustainable and impactful ventures, Ault Alliance, Inc. continues to be a significant player in multiple high-growth industries, providing substantial value to its stakeholders and maintaining a forward-looking approach to business development.

News

Ault Alliance Announces Postponement of Commencement of Exchange Offer of Common Stock for Series D Preferred Shares

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Ault Alliance, a diversified holding company (NYSE American: AULT), announced the postponement of its planned exchange offer to accept for cancellation a minimum of 20 million shares of the Company’s common stock and a maximum of 60 million such shares in exchange for the issuance of up to $15,000,000 aggregate liquidation preference of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The postponement is due to the adjournment of its 2023 Annual Meeting of Stockholders and the administrative complications that could affect the Offer should certain matters at the Annual Meeting be approved. The Offer is anticipated to be commenced in 2024, subject to regulatory approval and other customary closing conditions.
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Ault Alliance’s Subsidiary, Sentinum, Announces 151 Bitcoin Mined in December 2023, Achieving Record Monthly Run Rate of Approximately $6.5 Million

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Ault Alliance, a diversified holding company (NYSE American: AULT), announced that its subsidiary, Sentinum, mined 151 Bitcoin in December 2023, with a monthly run rate of approximately $6.5 million, marking the highest in the company's history. The annual run rate of approximately $78 million worth of Bitcoin represents a significant milestone for the company. CEO William B. Horne expressed satisfaction with the performance and progress of the mining operations, highlighting ongoing efforts to streamline operations and the upcoming transfer of mining rigs to the Montana site.
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Ault Alliance, Inc. Announces Adjournment of Its Annual Meeting of Stockholders

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Ault Alliance, Inc. (NYSE American: AULT) has announced the adjournment of the Company’s 2023 Annual Meeting of Stockholders due to the absence of quorum. The Meeting has been postponed until January 12, 2024, to allow additional time for stockholders to vote on important proposals. The Meeting aims to elect director nominees, ratify the appointment of independent registered public accounting firm, approve the conversion of Senior Secured Convertible Note and Series C convertible preferred stock into Common Stock, approve the issuance of additional shares of Common Stock, and amend the Certificate of Incorporation to effect a reverse stock split. The Meeting may be further adjourned if necessary. The virtual meeting details and voting instructions have been provided for stockholders.
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Ault Alliance Subsidiary, RiskOn International, to Announce Its New Generative AI Platform and Technology Partner on January 3, 2024

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Ault Alliance, Inc. (AULT) Announces Subsidiary RiskOn International, Inc. (ROI) to Unveil New AI Platform and Technology Partner
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Ault Alliance Subsidiary Files Lawsuit Against Singing Machine CEO Gary Atkinson and Other Directors Who Approved Highly Dilutive Related Party Stock Sale

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Ault Alliance, Inc. (NYSE American: AULT) subsidiary Ault Lending, LLC initiates derivative lawsuit against The Singing Machine Company, Inc. (NASDAQ: MICS) alleging breach of fiduciary duties in recent stock sale to affiliates of directors at inadequate price.
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Ault Alliance Sets 2024 Revenue Goals at $230-$240 Million

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Ault Alliance, Inc. (NYSE American: AULT) outlines 2024 revenue objectives of $230-240 million, completes $38.5 million debt repayment, and highlights growth at Sentinum, Inc. and Circle 8 Crane Services, LLC.
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Ault Alliance Provides Additional Information on Exchange Offer of Common Stock for Series D Preferred Shares at an Effective Price of $0.25 per Share of Common Stock Exchanged

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Ault Alliance, Inc. (NYSE American: AULT) is offering an exchange of a minimum of 20 million and a maximum of 60 million shares of its Common Stock for up to $15,000,000 aggregate liquidation preference of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The effective price per common share equivalent of the Series D Preferred Stock represents a 193% increase over the last reported sales price of the Common Stock. The Offer will be launched on January 8, 2024, and will expire on February 6, 2024. Each share of Series D Preferred Stock will be entitled to cumulative dividends from the date of initial issue and will be payable on the last day of each month when declared by the Company’s Board of Directors. The Offer is subject to conditions including a minimum of 20,000,000 shares of Common Stock being tendered and the Company’s continued listing on the NYSE American.
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Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

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Ault Alliance, Inc. (NYSE American: AULT) declares a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, marking 19 consecutive months of cash dividends. The record date for the dividend is December 31, 2023, with a payment date of January 10, 2024. The company's CFO, Kenneth S. Cragun, emphasized the commitment to delivering value to investors and expressed gratitude for their support.
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Ault Alliance Announces Gresham Worldwide Defense Business Projects over $50 Million in Annual Revenue for 2024 Amid Strong Demand from Israel and Europe

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Ault Alliance, Inc. (NYSE American: AULT) announces Giga-tronics, Inc. (OTCQB: GIGA), referred to as Gresham Worldwide, projects over $50 million in annual revenue driven by its defense business in 2024, supported by a robust backlog currently at approximately $50 million. The revenue projection is attributed to escalating global conflicts, with a notable surge in demand coming from Israel and Europe. Gresham Worldwide’s Israeli subsidiary, Enertec Systems 2001 Ltd., has recently secured a $20 million order to be completed over the next three years.
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Ault Alliance Receives an Investment of $41.5 Million from Ault & Company

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Ault Alliance, Inc. (NYSE American: AULT) closed a $41.5 million financing with Ault & Company, Inc. The financing replaced debt owed to senior lenders and A&C, with 41,500 shares of Series C convertible preferred stock and warrants issued to A&C. The financing aims to improve profitability, cash flow, and future growth.
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FAQ

What is the current stock price of Ault Alliance (AULT)?

The current stock price of Ault Alliance (AULT) is $0.2149 as of September 10, 2024.

What is the market cap of Ault Alliance (AULT)?

The market cap of Ault Alliance (AULT) is approximately 8.3M.

What is Ault Alliance, Inc.?

Ault Alliance, Inc. is a diversified holding company investing in undervalued assets, disruptive technologies, and sustainable solutions across various industries.

Which industries does Ault Alliance operate in?

Ault Alliance operates in commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

What are the main segments of Ault Alliance?

The main segments are Energy and Infrastructure, Technology and Finance, SMC, Sentinum, Inc., GIGA, TurnOnGreen, ROI, and Ault Disruptive.

What are the key operations of Ault Alliance?

Key operations include a data center for Bitcoin mining and supplying mission-critical products for various industries.

How does Ault Alliance approach growth?

Ault Alliance's growth strategy involves acquiring undervalued assets, investing in disruptive technologies, and incubating sustainable solutions.

What recent achievements has Ault Alliance made?

Recent achievements include expansions in crypto-mining operations and technological advancements through their subsidiaries.

What is Ault Alliance's financial condition?

Ault Alliance maintains a strong financial condition, supported by strategic acquisitions and sustainable development.

How does Ault Alliance support its diverse operations?

The company supports its operations through a combination of innovative technologies, strategic investments, and a commitment to impactful ventures.

What makes Ault Alliance unique?

The company's unique value lies in its diversified portfolio across high-growth industries and its focus on long-term sustainable growth.

What is the significance of Ault Alliance's data center?

The data center is a key component of Ault Alliance's operations, focusing on Bitcoin mining and demonstrating the company's engagement with future-forward industries.

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Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

AULT Stock Data

8.35M
38.85M
0.13%
1.81%
3.21%
Aerospace & Defense
Electronic Components, Nec
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United States of America
LAS VEGAS