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Ault Global Holdings (NYSE American: DPW) has successfully raised $165 million in new equity over the last four months. The company has also eliminated $12 million of its debt and invested $8 million in acquisitions including Relec Electronics and a Michigan cloud/data center. For 2021, Ault Global aims to enhance growth through various initiatives such as the rollout of electric vehicle chargers, resuming bitcoin mining, and expanding textile processing technology. The Executive Chairman expresses confidence in the company’s growth and profitability prospects with a strong balance sheet.
Ault Global Holdings (NYSE American: DPW) has acquired 295,000 shares of NTN Buzztime (NYSE American: NTN), representing a 9.96% stake, at an average price of $3.42 per share, totaling $1,010,095. The company aims to leverage NTN's undervalued gaming assets and customer lists. Milton Ault, Executive Chairman, indicated that the company's goal is to block NTN's proposed stockholder votes scheduled for March 15, 2021, in order to encourage alternatives for maximizing shareholder value. This strategic move highlights Ault’s focus on value creation through its investments.
Ault Global Holdings (NYSE American: DPW) announced an amendment to its "at-the-market" equity offering program, permitting the sale of up to $125 million in common stock, including a previously authorized $50 million. Sales will be conducted via Ascendiant Capital Markets. The proceeds will be directed towards potential acquisitions, financing electric vehicle charger and energy storage initiatives, expanding data centers, and general corporate purposes, including debt management. No specific acquisitions are currently planned.
Ault Global Holdings (NYSE American: DPW) announced the acquisition of 446,255 shares, representing a 9.91% equity interest in SilverSun Technologies (NASDAQ: SSNT) as of January 28, 2021. The purchase included 436,255 shares at an average price of $4.33, totaling $1,890,026. Related parties acquired an additional 10,000 shares at $3.57 each. Executive Chairman Milton Ault III emphasized the company's activist strategy aimed at enhancing shareholder value through constructive cooperation with SSNT's board.
Ault Global Holdings, Inc. (NYSE American: DPW) achieved its strongest balance sheet ever, reporting $45 million in cash and securities. The company reduced debt by $12 million and invested $8 million for acquisitions, including Relec Electronics and a data center in Michigan. Ault Global is well-positioned for growth in 2021, focusing on electric vehicle chargers, energy storage systems, and resuming bitcoin mining, leveraging rising bitcoin prices and low energy costs.
Ault Global Holdings (NYSE American: DPW) has announced the appointment of Douglas P. Gintz as the new Chief Technology Officer (CTO) and Director of Global Technology Implementation. Gintz brings 25 years of experience in technology solutions, having previously served as CEO of Pacific Coders, LLC. His role will focus on strategic technology initiatives that enhance the market penetration of Coolisys Technologies Corp.'s electric vehicle charging systems, emphasizing cloud-based software and networking capabilities. The company anticipates his expertise will accelerate innovation and growth.
Ault Global Holdings (NYSE American: DPW) has successfully acquired a 617,000 sq. ft. energy-efficient facility in southern Michigan, aiming to resume bitcoin mining operations. The Company will acquire 1,000 S19 Pro Antminers, securing up to 300MWs of power capacity with guaranteed low rates for five years. Revenue from the facility is projected to reach $54M-$64M annually at 50% capacity. The Company also plans to expand its service offerings, including cloud and advanced tech services. However, the success of these operations remains uncertain.
Ault Global Holdings, Inc. (NYSE American: DPW) announced the sale of 228,967 shares of Universal Security Instruments, Inc. at a weighted average price of $10 per share, totaling gross proceeds of $2,290,198. Following this sale, Ault Global now owns no shares of Universal Security Instruments. Executive Chairman Milton Ault III highlighted that this transaction realized a gain of approximately $1.6 million and emphasized the company’s commitment to an activist strategy aimed at enhancing shareholder value moving forward.
Ault Global Holdings (NYSE American: DPW) announced a purchase order for 5,000 ACECool™ 7kW residential EV charging systems worth $1.75 million from iNetSupply, LLC. This order is expected to lead to a significantly larger agreement for exclusive resale and distribution of the ACECool™ units. The charger is designed for compatibility with standard EV connectors and is anticipated to be listed on major e-commerce platforms like Amazon and Walmart. Both companies are optimistic about the future growth and infrastructure demands for EVs.
Ault Global Holdings (NYSE American: DPW) has launched an "at-the-market" equity offering program, aiming to raise up to $50 million through the sale of common stock. The shares will be sold via Ascendiant Capital Markets, LLC, acting as the sales agent. Proceeds from this offering are set to support potential acquisitions, enhance its electric vehicle charging and energy storage ventures, expand data center operations, and for general corporate purposes. Currently, there are no commitments for specific acquisitions.
