Ault Alliance Terminates At-The-Market Equity Offering Program

Ault Alliance Inc AULT has terminated its at-the-market equity offering program relating to sales of common stock (ATM Facility) with Ascendiant Capital Markets LLC, as sales agent.
The company elected to terminate the ATM Facility to limit uncertainty and unfavorable dilution for its stockholders.
With the official termination to take effect on March 17, 2023, the company will make no further sales of shares under the ATM Facility.
Upon termination, Ault will have no further obligations related to the ATM Facility.
Upon the announcement of the initiation of the ATM Facility's termination process, the company had sold 317.9 million shares and raised about $176.6 million in gross proceeds, or approximately $0.56 per share.
Price Action: AULT shares are trading higher by 4.10% at $0.091 in premarket on the last check Monday.
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