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

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

LAS VEGAS–(BUSINESS WIRE)–$AGREE #2023_Annual_Meeting_of_Stockholders—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“we,” “us,” “our,” “Ault Alliance,” or the “Company”), today announced its postponement of the commencement of its planned exchange offer (the “Offer”) to accept for cancellation a minimum of 20 million shares of the Company’s common stock (“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 (“Series D Preferred Stock”).

As the Company did not obtain a quorum for, and had to adjourn, its 2023 Annual Meeting of Stockholders (the “Annual Meeting”), it has determined to postpone the planned commencement of the Offer in order to pursue the matters at the Annual Meeting and to avoid the administrative complications that could affect the Offer shoul

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