Ault Global Holdings Announces Ault Disruptive Technologies Corporation’s Confidential Submission of a Draft Registration Statement Relating to the Proposed Initial Public Offering of Its Common Stock
Ault Global Holdings, Inc. (DPW) has announced that its wholly owned subsidiary, Ault Disruptive Technologies Corporation (ADTC), has confidentially submitted a draft registration statement on Form S-1 to the SEC for a public offering. This offering will proceed after SEC review and market conditions. The Company also emphasizes that this announcement does not constitute a security offer or solicitation in any jurisdiction.
Ault Global focuses on acquiring undervalued businesses and technologies across various industries, supporting its strategic investments and mission-critical products.
- Confidential submission of draft registration statement indicates potential for capital raise.
- Strategic focus on acquiring undervalued businesses and disruptive technologies may enhance long-term growth.
- No immediate details on the offering size or terms, leading to uncertainty among investors.
- Possible dilution of shares if offering is completed, potentially affecting existing shareholders.
Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced that Ault Disruptive Technologies Corporation (“ADTC”), a special purpose acquisition company, commonly referred to as a SPAC, has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The Company, through its wholly owned subsidiary, Ault Disruptive Technologies Company, LLC, is acting as the sponsor for ADTC.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.
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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FAQ
What is the purpose of Ault Global's recent Form S-1 submission?
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