Core Viewpoint - Ault Alliance, Inc. plans to initiate a stock repurchase program authorized by its Board of Directors, with an anticipated start date following the filing of its Form 10-Q for the quarter ending March 31, 2024 [1][2]. Group 1: Stock Repurchase Program Details - The Board has authorized the repurchase of up to $50 million of common stock, which may be executed through various methods, including open market repurchases [2]. - A Rule 10b5-1 Plan will be established to facilitate the repurchases, allowing the company to trade during periods when it would otherwise be restricted due to insider trading laws or other regulations [2][3]. - The repurchase program is set to expire on December 15, 2024, but can be modified or discontinued at the company's discretion [3]. Group 2: Financial Considerations - The timing and number of shares repurchased will depend on factors such as Board approval, available financing, cash position, stock price, trading volume, and market conditions [3]. - The company intends to finance the repurchases through excess cash flow from operations and proceeds from future borrowing arrangements [3]. Group 3: Management's Perspective - The company's management views the repurchase program as a prudent use of capital, believing that the common stock is currently undervalued [4]. - Previous methods to buy back common stock were explored, but the current repurchase program is considered the most efficient approach [4]. Group 4: Company Overview - Ault Alliance, Inc. is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies, operating in various sectors including data centers, Bitcoin mining, and artificial intelligence [5].

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today it has determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments. Given the Company’s concentration on maximizing the value of its existing assets, it has taken proactive steps to reduce its total headcount, which are expected to save more than $2 million in payroll expenses for 2024. This strategic shif ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 121 Bitcoin in January 2024. Of this total, approximately 65 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 56 Bitcoin from mining machines hosted with Core Scientific, Inc. (“Core”). The January mining operations represent a curren ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today issued a letter from its Executive Chairman to its valued stockholders. Dear Stockholders: As Executive Chairman of the Company, I wish to share the latest updates and insights into the Company’s strategic direction, and to address the current perception of the Company’s value and potential. 1. Strategic Reorganization into Two Key Entities I am thrilled to anno ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today issued a letter from its Executive Chairman to its valued stockholders. Dear Stockholders: We are pleased to provide you with a business update as of the date of this letter. Our commitment to transparency and effective communication drives us to share clear and concise information about the Company’s financial status and strategic plans. As of January 23, 2024, ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is January 31, 2024, and the payment date is Monday, February 12, 2024. Link to NYSE quote for the Company’s 13.00% Series D Cumulative Rede ...

Core Points - Ault Alliance's stock is experiencing a decline following the results from its annual shareholder meeting [1] - All seven directors for the Board were approved by stockholders, and Marcum LLP was approved as the independent registered public accounting firm [1] - A reverse stock split was approved by investors at a rate of no less than one-for-five and no more than one-for-twenty-five, with the Board deciding the exact ratio [1] Reverse Stock Split Details - The Board announced a one-for-25 reverse stock split, effective immediately, with shares trading on a split-adjusted basis starting the next day [2] - Post-split, shares will trade under the CUSIP number 09175M 507, with no change in percentage of ownership [2] - Approximately 3 million shares of AULT stock changed hands on the announcement day, below the daily average trading volume of about 17.5 million shares [2] - AULT stock is down 19.1% as of Tuesday morning [2]

Core Points - Ault Alliance, Inc. held its annual stockholders meeting on January 12, 2024, where stockholders voted on three proposals [1][2] - The stockholders elected seven director nominees and ratified the appointment of Marcum LLP as the independent registered public accounting firm [2] - Proposal 6, which involves a reverse stock split of the common stock by a ratio of one-for-five to one-for-twenty-five, was approved [2] - The Board subsequently approved a one-for-twenty-five reverse stock split effective January 16, 2024, with trading on a split-adjusted basis starting January 17, 2024 [3] - The reverse stock split will affect all issued and outstanding shares and will not change stockholders' percentage interest in the Company's equity, except for fractional shares, which will be compensated in cash [4] Company Overview - Ault Alliance, Inc. is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies [6] - The company operates a data center for Bitcoin mining and offers colocation and hosting services for artificial intelligence ecosystems [6] - Ault Alliance provides mission-critical products across various industries, including metaverse platforms, oil exploration, defense/aerospace, and medical/biopharma [6]

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that the Company has decided that it will start holding up to 20 percent and minimum of five percent of the Bitcoin it mines on the Company’s balance sheet. This strategic move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. Milton “Todd” Ault III, ...

Core Points - Ault Alliance, Inc. has announced the removal of certain proposals from its Annual Meeting of Stockholders due to the absence of quorum [1][2] - The Company has amended its Bylaws to reduce the quorum requirement from a majority to thirty-five percent (35%) of the voting power [2] - The Meeting has been adjourned to January 12, 2024, and will focus on electing directors, ratifying the appointment of an accounting firm, and approving a reverse stock split [3] Proposal Changes - The following proposals have been removed from consideration: - Conversion of a 10% Senior Secured Convertible Note worth $17,519,832 into Class A common stock [2] - Conversion of 50,000 shares of Series C convertible preferred stock into common stock and warrants for a total of up to $50,000,000 [2] - Issuance of additional shares of common stock related to a Convertible Note of $2.2 million and a potential additional note of up to $3,300,000 [2] Meeting Agenda - The Meeting will include: - Election of seven director nominees [3] - Ratification of Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023 [3] - Approval of an amendment for a reverse stock split of common stock by a ratio between one-for-five and one-for-twenty-five [3] - Potential adjournment of the Meeting for further solicitation of proxies if necessary [3] Company Overview - Ault Alliance, Inc. is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies [6] - The Company operates a data center for Bitcoin mining and offers colocation and hosting services, along with various mission-critical products across multiple industries [6]