Ault Alliance Files 8-K: Material Agreement & Equity Sales

TL;DR

AULT filed an 8-K on 8/5/24 for a material agreement and equity sales - details TBD.

AI Summary

Ault Alliance, Inc. (formerly BitNile Holdings, Inc.) entered into a material definitive agreement on August 5, 2024. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing does not specify the nature of the agreement or the details of the equity sales.

Why It Matters

This filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing mentions a material definitive agreement and unregistered equity sales, which can introduce financial and operational risks if not managed properly.

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
• August 5, 2024 (date) — Filing date and report date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value AULT NYSE American 13.0
• $44.3 million — res, for an aggregate purchase price of $44.3 million. The Agreement provides that the Purcha
• $75 million — s that the Purchaser may purchase up to $75 million of Series C Convertible Preferred Stock

Filing Documents

• y852408k.htm (8-K) — 29KB
• 0001214659-24-013809.txt ( ) — 243KB
• ault-20240805.xsd (EX-101.SCH) — 4KB
• ault-20240805_def.xml (EX-101.DEF) — 26KB
• ault-20240805_lab.xml (EX-101.LAB) — 36KB
• ault-20240805_pre.xml (EX-101.PRE) — 25KB
• y852408k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 2, 2024, Ault Alliance, Inc., a Delaware corporation (the " Company "), pursuant to the Securities Purchase Agreement (the " Agreement ") entered into with Ault & Company, Inc., a Delaware corporation (the " Purchaser ") on November 6, 2023 (the " Execution Date "), sold 300 shares of Series C convertible preferred stock (the " Series C Convertible Preferred Stock "), and warrants (the " Series C Warrants ") to purchase 88,692 shares (the " Warrant Shares ") of the Company's common stock to the Purchaser, for a purchase price of 300,000. As of August 2, 2024, the Purchaser has purchased an aggregate of 44,300 shares of Series C Convertible Preferred Stock and Series C Warrants to purchase an aggregate of 13,096,823 Warrant Shares, for an aggregate purchase price of $44.3 million. The Agreement provides that the Purchaser may purchase up to $75 million of Series C Convertible Preferred Stock and Series C Warrants in one or more closings. The Purchaser is an affiliate of the Company. The material terms of the Agreement, Series C Convertible Preferred Stock and the Series C Warrants were described in the Form 8-K filed with the Securities and Exchange Commission on November 7, 2023 and are incorporated herein by reference.

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference to this Item 3.02. Series C Convertible Preferred Stock and the Series C Warrants described in this Current Report on Form 8-K were offered and sold to the Purchaser in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 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: August 5, 2024 /s/ Henry Nisser Henry Nisser President and General Counsel -3-

View Full Filing

View this 8-K filing on SEC EDGAR