Current Report Filing (8-k)
13 Mars 2023 - 09:31PM
Edgar (US Regulatory)
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2023-03-13 2023-03-13 iso4217:USD xbrli:shares iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
___________________________________________________________________
Date of Report (Date of earliest event
reported): March
13, 2023
AULT ALLIANCE, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-12711 |
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94-1721931 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification
No.) |
11411 Southern Highlands Parkway,
Suite 240,
Las Vegas,
NV
89141
(Address of principal executive offices) (Zip Code)
(949)
444-5464
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
|
o |
Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425) |
|
o |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
o |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
|
o |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s)
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Name of each exchange on which registered |
Common Stock, $0.001 par value |
|
AULT |
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NYSE American |
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock,
par value $0.001 per share |
|
AULT PRD |
|
NYSE American |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. o
|
Item 1.02 |
Termination of a Material
Agreement |
On March 12, 2023, Ault Alliance, Inc. (the “Company”)
provided written notice to Ascendiant Capital Markets, LLC, as
sales agent (the “Agent”) of its election to terminate the
At-the-Market (“ATM”) Issuance Sales Agreement (the
“Agreement”), dated February 25, 2022, between the Company
and the Agent with regards to sales of the Company’s common stock
under the Agreement. The Company had sold 317.9 million shares of
common stock and raised approximately $176.6 million in gross
proceeds, or approximately $0.56 per share, under the ATM. The
termination is effective as of March 17, 2023. The material terms
of the Agreement are summarized in the Company's Current Report on
Form 8-K filed with the Securities and Exchange Commission on
February 25, 2022.
|
Item 7.01 |
Regulation FD Disclosure |
On March 13, 2023, the Company issued a press release announcing
the termination of the ATM. A copy of this press release is
furnished herewith as Exhibit 99.1 and is
incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the
information under this item shall not be deemed filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended,
nor shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such a
filing. This report will not be deemed an admission as to the
materiality of any information required to be disclosed solely to
satisfy the requirements of Regulation FD.
The Securities and Exchange Commission encourages registrants to
disclose forward-looking information so that investors can better
understand the future prospects of a registrant and make informed
investment decisions. This Current Report on Form 8-K and exhibits
may contain these types of statements, which are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, and which involve risks, uncertainties and
reflect the Registrant’s judgment as of the date of this Current
Report on Form 8-K. Forward-looking statements may relate to, among
other things, operating results and are indicated by words or
phrases such as “expects,” “should,” “will,” and similar words or
phrases. These statements are subject to inherent uncertainties and
risks that could cause actual results to differ materially from
those anticipated at the date of this Current Report on Form 8-K.
Investors are cautioned not to rely unduly on forward-looking
statements when evaluating the information presented within.
|
Item 9.01 |
Financial Statements and Exhibits |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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AULT ALLIANCE, INC. |
|
|
|
|
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|
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Dated: March 13, 2023 |
/s/ Henry Nisser
|
|
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Henry Nisser
President and General Counsel
|
|
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