Ault Disruptive Technologies Responds to Unusual Market Activity
31 Mai 2024 - 10:47PM
Business Wire
Ault Disruptive Technologies Corporation, a special purpose
acquisition company (the “Company”), today announced that in
view of the unusual activity in the Company’s stock, the NYSE
American, LLC (the “NYSE”) has contacted the Company in
accordance with the NYSE’s usual practice and recommended that the
Company respond by news release to the unusual activity.
Ordinarily, it is the Company’s policy not to comment on market
activity or rumors. However, the Company did confirm to the NYSE
that it is not aware of any material corporate developments or
material, undisclosed information and in fact has not issued a
press release or otherwise made any public statement since February
16, 2024, which the Company does not believe could account for the
today’s unusual trading activity in its shares, whether the
increased price or the significantly higher trading volume. No
investor or potential investor should expect the Company to
consistently and routinely issue press releases such as this that
simply confirm what the Company does not know. However, the Company
will promptly meet its disclosure obligations as required under the
NYSE American Company Guide.
About Ault Disruptive Technologies Corporation
Ault Disruptive Technologies Corporation, a Delaware
corporation, is a blank check company incorporated in February 2021
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses, which we
refer to as our initial business combination.
While we may pursue an initial business combination opportunity
in any business, industry, sector or geographical location, we
intend to focus on opportunities to acquire companies with
innovative and emerging technologies, products or services that
have the potential to transform major industries and radically
impact society. We intend to acquire a target business or
businesses with disruptive technologies that our management team
believes can achieve mainstream adoption and create opportunities
for long-term appreciation in value.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's annual report on Form 10-K filed
with the SEC. Copies are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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Ault Disruptive Technologies Corporation
ir@aultdisruptive.com
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