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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 diversified holding company focused on strategic acquisitions and operational enhancements across defense, telecommunications, and disruptive technologies. This page provides investors with essential updates about the company’s portfolio growth, market positioning, and value creation strategies.

As a centralized news resource, we aggregate all official press releases and verified financial developments related to AULT. Users gain access to critical updates including earnings announcements, partnership agreements, technology implementations, and strategic acquisitions – all vital for assessing the company’s multifaceted investment approach.

Key areas of coverage include operational expansions in defense contracting, innovations in industrial solutions, advancements in telecom infrastructure, and developments in corporate lending ventures. Each update is curated to reflect AULT’s core strategy of identifying undervalued assets and driving long-term value through hands-on incubation.

For consistent access to reliable Ault Alliance information, bookmark this page or visit regularly for structured updates. Stay informed about the company’s progress in transforming acquired assets into competitive market players across high-potential sectors.

Rhea-AI Summary
Ault Alliance, Inc. has been awarded a $20 million contract by its subsidiary Giga-tronics, Inc. to supply bespoke systems to a major strategic customer through its subsidiary Enertec Systems 2001, Ltd. This contract includes an initial $5 million for materials and $1.5 million for immediate system deliveries. The orders will be executed between 2024 to 2026 and are expected to boost Enertec's backlog, revenue streams, and profitability.
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Ault Alliance's subsidiary, Sentinum, reaches $46 million in Bitcoin mining revenue
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Gresham Worldwide reports a 52% increase in Q3 orders, reaching $15.4 million and a 21% increase in backlog to $33.7 million.
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Ault Alliance, Inc. addresses declining stock price and highlights solid business fundamentals and growth prospects. Substantial support from Ault & Company, Inc. demonstrates belief in the company's potential. Diversified portfolio includes investments in sectors with growth opportunities. Projected revenue to exceed $200 million in 2023. Sale of assets to reduce debt load. Market representation does not reflect true value. Trading activities may cause volatility in reported earnings.
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Ault Alliance, Inc. is selling its multifamily development site in St. Petersburg, Florida, to focus on core businesses. The decision is driven by the desire to allocate capital to crane rental, lending, and data center operations. The sale proceeds will be used to pay off debt. The project was redeveloped to permit a 23-story, 285-unit multifamily property. The company is optimistic about the project's potential in the fast-growing St. Petersburg market.
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Ault & Company has advanced $17.5 million towards its agreement to fund up to $40 million into Ault Alliance. The company has assumed $11.6 million of secured promissory notes, $4.6 million of loans, and $1.3 million of convertible preferred stock. Regulatory approval is pending for the issuance of preferred stock and warrants. Ault & Company anticipates funding the remaining $22.5 million in cash. The company is committed to completing the agreement and believes in the growth potential of its diversified holdings.
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Ault Alliance's subsidiary, Eco Pack Technologies, is set to acquire an 80% stake in Eco Pack Technologies LTD, a UK-based innovator in sustainable secondary packaging solutions. The innovative packaging technology aims to replace conventional cardboard boxes and shrink-wraps, offering eco-friendly alternatives. Eco Pack's machinery is versatile and can be adapted to various manufacturing settings. The acquisition is expected to promote the growth of eco-friendly consumer goods production in the US, UK, Europe, and Asia.
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Ault Alliance announces strategic corporate alignment, emphasizing strengths of subsidiaries. Circle 8 to focus on crane services, Sentinum on data centers, Ault Venture Group as investment cornerstone. Bitcoin mining operations hosted by Sentinum. Strategic dispositions underway. Stock price undervalued.
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Ault Alliance provides business update, with positive projections of $200 million in annual revenue for 2023 and plans to optimize corporate structure through divestment of hotel properties and real estate assets.
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Ault Alliance, Inc. declares monthly cash dividend of $0.2708333 per share for its Series D Cumulative Redeemable Perpetual Preferred Stock.
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Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

AULT Stock Data

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