Ault Alliance Files 8-K for Material Agreement

TL;DR

AULT filed an 8-K for a material agreement. Check for details.

AI Summary

Ault Alliance, Inc. filed an 8-K on May 16, 2024, to report a material definitive agreement and financial statements. The company, formerly known as BitNile Holdings, Inc., is incorporated in Delaware and operates in the Electronic Components sector.

Why It Matters

This filing indicates a significant business event or agreement for Ault Alliance, Inc., which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Filings of material definitive agreements can introduce new risks or opportunities that are not yet fully understood by the market.

Key Players & Entities

• Ault Alliance, Inc. (company) — Filer
• BitNile Holdings, Inc. (company) — Former Company Name
• Ault Global Holdings, Inc. (company) — Former Company Name
• DPW Holdings, Inc. (company) — Former Company Name
• 20240516 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value AULT NYSE American 13.0
• $36 million — ursuant to which the Purchaser borrowed $36 million and issued secured promissory notes to
• $38,918,919 — the Lenders in the aggregate amount of $38,918,919 (collectively, the " Notes "). As prev
• $7 million — um specified balance was increased from $7 million to $7.4 million. The foregoing descrip
• $7.4 million — alance was increased from $7 million to $7.4 million. The foregoing description of the Amen

Filing Documents

• g5162428k.htm (8-K) — 29KB
• ex10_1.htm (EX-10.1) — 43KB
• 0001214659-24-009439.txt ( ) — 293KB
• ault-20240516.xsd (EX-101.SCH) — 4KB
• ault-20240516_def.xml (EX-101.DEF) — 26KB
• ault-20240516_lab.xml (EX-101.LAB) — 36KB
• ault-20240516_pre.xml (EX-101.PRE) — 25KB
• g5162428k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 15, 2024, Ault Alliance, Inc., a Delaware corporation (the " Company "), along with its wholly owned subsidiaries Sentinum, Inc. (" Sentinum "), Third Avenue Apartments LLC (" Third Avenue "), Alliance Cloud Services, LLC (" Alliance Cloud "), BNI Montana, LLC (" BNI Montana "), Ault Lending, LLC (" Ault Lending "), Ault Aviation, LLC (" Ault Aviation ") and Ault Global Real Estate Equities, Inc. (" AGREE " and collectively with the Company, Sentinum, Third Avenue, Alliance Cloud, BNI Montana, Ault Lending and Ault Aviation, the " Guarantors ") entered into the Second Amendment Loan and Guaranty Agreement (the " Amendment "), with Ault & Company, Inc. (the " Purchaser "), JGB Capital, LP (" JGB Capital "), JGB Partners, LP (" JGB Partners ") and JGB (Cayman) Buckeye Ltd. (" JGB Cayman " and collectively, the " Lenders "), and JGB Collateral LLC, as administrative agent and collateral agent for Lenders. The Amendment amends the Loan and Guaranty Agreement, as previously amended (the " Loan Agreement "), pursuant to which the Purchaser borrowed $36 million and issued secured promissory notes to the Lenders in the aggregate amount of $38,918,919 (collectively, the " Notes "). As previously disclosed, pursuant to the Loan Agreement, the Company established a segregated deposit account (the " Segregated Account "), which would be used as a guarantee of repayment of the Notes. Pursuant to the Amendment, the date by which the Company is required to have a specified minimum balance in the Segregated Account was extended from May 15, 2024 to July 22, 2024 and the minimum specified balance was increased from $7 million to $7.4 million. The foregoing description of the Amendment as well as the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Amendment filed hereto as Exhibit 10.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Form of Second Amendment to Loan and Guaranty Agreement, dated May 15, 2024. 101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AULT ALLIANCE, INC. Dated: May 16, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-

View Full Filing

View this 8-K filing on SEC EDGAR