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]
Ault Alliance Announces Results of Annual Meeting of Stockholders