Summary by Moomoo AI
Ault Alliance, Inc., a diversified holding company, has entered into a significant transaction with Ault & Company, Inc., involving the sale of equity securities. On April 17, 2024, Ault Alliance sold 500 shares of Series C convertible preferred stock and corresponding warrants to purchase 147,820 shares of common stock to Ault & Company for $500,000. This transaction is part of a larger agreement, initially executed on November 6, 2023, which allows for up to $75 million in purchases of Series C Convertible Preferred Stock and Series C Warrants by Ault & Company, an affiliate of Ault Alliance. As of the same date, Ault & Company has acquired an aggregate of 44,000 shares of Series C Convertible Preferred Stock and warrants for 13,08,132 common shares, totaling $44.0 million in investment. The sale of these securities was...Show More