Ault Alliance Files S-1 for Potential Securities Offering

TL;DR

Ault Alliance (formerly BitNile) just filed an S-1, looks like they're prepping to sell more stock.

AI Summary

Ault Alliance, Inc. filed an S-1 registration statement on July 30, 2024, to register an unspecified amount of securities. The company, formerly known as BitNile Holdings, Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada. This filing indicates a potential offering of new securities to the public.

Why It Matters

This S-1 filing signals Ault Alliance's intention to raise capital through the sale of securities, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — S-1 filings often precede significant corporate actions like stock offerings, which can introduce financial risk and dilution.

Key Numbers

• 333-281109 — SEC File Number (Identifies this specific registration statement with the SEC.)
• 0000896493 — Central Index Key (Unique identifier for Ault Alliance, Inc. in SEC filings.)

Key Players & Entities

• Ault Alliance, Inc. (company) — Registrant
• July 30, 2024 (date) — Filing Date
• BitNile Holdings, Inc. (company) — Former Company Name
• Las Vegas, Nevada (location) — Principal Executive Offices
• Henry Nisser (person) — President and General Counsel

FAQ

Key Financial Figures

• $0.001 — le Perpetual Preferred Stock, par value $0.001 per share (“Series D Preferred St
• $25 million — at our direction, up to an aggregate of $25 million of shares of Series D Preferred Stock (
• $500,000 — Amount”) and (ii) an aggregate of $500,000 of shares of our Series D Preferred Sto
• $27.70 — tock, as reported by NYSE American, was $27.70 per share. We are a “smaller rep
• $36 million — pany”), a related party, borrowed $36 million and issued secured promissory notes to
• $38.9 million — the lenders in the aggregate amount of $38.9 million (collectively, the “Secured Notes
• $3.5 million — ntee of repayment of the Secured Notes. $3.5 million of cash was paid into the Segregated Ac
• $7 m — the Segregated Account be not less than $7 million, $15 million, $20 million and $27
• $15 m — ed Account be not less than $7 million, $15 million, $20 million and $27.5 million on
• $20 million — not less than $7 million, $15 million, $20 million and $27.5 million on the five-month, ni
• $27.5 million — 7 million, $15 million, $20 million and $27.5 million on the five-month, nine-month, one-year
• $0.3 million — h 31, 2024, we were required to deposit $0.3 million monthly into the Segregated Account, wh
• $0.4 million — Segregated Account, which increases to $0.4 million monthly starting March 31, 2025. Furthe
• $7 million — Segregated Account, (i) up to the first $7 million of net proceeds, if any, from the sale
• $9 million — ings we conduct, which shall not exceed $9 million in the aggregate; and (iv) 25% of the n

Filing Documents

• r722240s1.htm (S-1) — 457KB
• ex5_1.htm (EX-5.1) — 12KB
• ex21_1.htm (EX-21.1) — 20KB
• ex23_1.htm (EX-23.1) — 3KB
• ex23_2.htm (EX-23.2) — 5KB
• ex107.htm (EX-FILING FEES) — 9KB
• aaorgchart.jpg (GRAPHIC) — 184KB
• bdologo2.jpg (GRAPHIC) — 7KB
• bdotex.jpg (GRAPHIC) — 13KB
• olshan_footer.jpg (GRAPHIC) — 5KB
• olshanaddress_header.jpg (GRAPHIC) — 10KB
• olshanlogo_header.jpg (GRAPHIC) — 7KB
• olshanwebaddy_footer.jpg (GRAPHIC) — 6KB
• 0001214659-24-013240.txt ( ) — 827KB

RISK FACTORS

RISK FACTORS 15 COMMITTED EQUITY FINANCING 24

USE OF PROCEEDS

USE OF PROCEEDS 30 DESCRIPTION OF THE SERIES D PREFERRED STOCK 31 SELLING STOCKHOLDER 42 PLAN OF DISTRIBUTION (CONFLICTS OF INTEREST) 44 LEGAL MATTERS 47 EXPERTS 47 INFORMATION INCORPORATED BY REFERENCE 47 WHERE YOU CAN FIND MORE INFORMATION 48 i ABOUT THIS PROSPECTUS This prospectus is part of a Registration D Preferred Stock, as described in this prospectus. We will not receive any proceeds from the sale by the Selling Stockholder of the securities described in this prospectus. You should rely only on the information contained in this prospectus, any supplement to this prospectus or in any free writing prospectus, filed with the SEC. Neither we nor the Selling Stockholder have authorized anyone to provide you with additional information or information different from that contained in this prospectus, or any applicable prospectus supplement or any free writing prospectuses prepared by us or on our behalf and filed with the SEC. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The Selling Stockholder is offering to sell our securities only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating to these offerings. The prospectus supplement or post-effective amendment, as the case may be, may add, update or change information contained in this prospectus wi

View Full Filing

View this S-1 filing on SEC EDGAR