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Ault Global Holdings, Inc. (NYSE American: DPW) announced that its subsidiary, Coolisys Technologies Corp., has expedited a $1.3 million purchase order from a defense contractor. This order, originally scheduled for a three-year timeline, is now set to be completed within the current year. The project involves providing electrical systems for military multi-mission tactical vehicles designed for special forces. Coolisys aims to deliver its rugged, high-reliability power systems approved for military applications.
Ault Global Holdings (NYSE American: DPW) has entered a securities purchase agreement to acquire up to 40% equity in Adtech Pharma for $3 million. Adtech Pharma is developing NB-110, a synthetic cannabinoid therapeutic targeting glaucoma, with a potential market of over $4 billion. The formulation aims to lower intraocular pressure and protect optic nerves. Ault Global's partnership with Adtech aims to leverage their management team's expertise to advance innovative therapies.
Ault Global Holdings (NYSE American: DPW) has appointed Christopher K. Wu as Executive Vice President of Alternative Investments and President of Ault Alliance, Inc. With over 20 years of investment banking and restructuring experience, Wu aims to enhance the company’s investment sourcing and shareholder value. He previously served at Teneo Capital and Carl Marks Advisors, with significant achievements in commercial real estate and financial services. This strategic hiring reflects Ault Global's commitment to optimizing its diversified portfolio and driving growth.
Ault Global Holdings (NYSE American: DPW) announced that Alzamend Neuro, a preclinical biopharmaceutical firm, priced its IPO at $5.00 per share, raising $12.5 million. Alzamend’s market capitalization is now $425 million, with shares trading on Nasdaq under the symbol ALZN since June 15, 2021. Ault Global holds 5.1 million shares and warrants for an additional 1.35 million shares of Alzamend, potentially increasing its ownership to 22.4 million shares. The proceeds from the IPO will advance Alzamend's development of treatments for neurodegenerative diseases.
Ault Global Holdings (NYSE American: DPW) announced that Ault & Company, Inc. intends to acquire 1,000,000 shares of its common stock at $2.99 each, exceeding the previous closing price by $0.05. The transaction requires NYSE American approval. Milton Ault, Executive Chairman, expressed confidence in the company's progress and asset value, aiming to enhance shareholder value.
Ault Global focuses on acquiring undervalued businesses and disruptive technologies across various industries, including defense, automotive, and telecommunications.
Ault Global Holdings, Inc. (NYSE American: DPW) presented at the 16th Annual LD Micro Invitational on June 10, 2021. Executive Chairman Milton Ault, III, discussed the company's achievements, including Coolisys Technologies' electric vehicle chargers, advancements in Gresham Worldwide’s defense sector, and growth in Ault Alliance's cloud initiatives. The company's financial position is reportedly the best in its history, with plans for future expansion in fintech initiatives. For more details, interested parties are directed to the company's SEC filings and investor relations page.
Ault Global Holdings (NYSE American: DPW) announced a strategic partnership between its subsidiary Coolisys Technologies and ChargeLab, Inc. This collaboration aims to enhance the TurnOnGreen EV charger user experience by developing a cross-platform mobile application and ensuring compliance with the Open Charge Point Protocol (OCPP) through rigorous testing. ChargeLab's expertise will facilitate a robust market entry for TurnOnGreen's services targeted at both residential and commercial customers.
Ault Global Holdings, Inc. (NYSE American: DPW) plans to enhance its technology data center in southern Michigan by investing in increased power capacity to 28MW. This decision is driven by rising demand for high-density computing, particularly due to favorable conditions for cryptocurrency mining. Once at 50% capacity, the data center is projected to generate annual gross revenues of $54 million to $64 million. The facility, operated by Alliance Cloud Services, utilizes over 94% non-coal energy, underscoring its commitment to green initiatives.
Ault Global Holdings (NYSE American: DPW) will present at the 16th Annual LD Micro Invitational from June 8-10, 2021. Executive Chairman Milton “Todd” Ault, III will speak on June 10 at 9:00 AM PDT, discussing the Company’s achievements and growth in sectors such as electric vehicle charging and defense. Ault also plans to cover its fintech initiatives and future strategies. Registration for the virtual event is required. For more insights, visit www.AultGlobal.com.
Ault Global Holdings (NYSE American: DPW) announced the formation of a new subsidiary, TurnOnGreen, Inc., through its subsidiary Coolisys Technologies Corp. TurnOnGreen aims to become a leader in the electric vehicle supply equipment (EVSE) market, developing a portfolio that includes residential and commercial charging stations. The company has appointed three executives, led by Amos Kohn, to drive its mission of providing scalable EV charging solutions. TurnOnGreen anticipates a successful product launch, leveraging Coolisys' expertise and innovative technologies.
