Cover
Cover | Mar. 26, 2024 |
Document Type | 8-K/A |
Amendment Flag | true |
Amendment Description | This Current Report on Form 8-K/A (this “Amendment No. 1”) amends and restates the Current Report on Form 8-K (the “Original Form 8-K”) filed by Ault Alliance, Inc., a Delaware corporation (the “Company”) with the Securities and Exchange Commission on November 7, 2023. This Amendment No. 1 is filed solely for the purpose of disclosing an Amendment dated March 25, 2024 (the “Amendment”) to (i) the Securities Purchase Agreement dated November 6, 2023 (the “Agreement” and as amended, the “Amended Agreement”), entered into by and between the Company and Ault & Company, Inc., a Delaware corporation (the “Purchaser”), (ii) the Certificate of Designation of Preferences, Rights and Limitations of the Series C Convertible Preferred Stock (the “COD”) and (iii) the number of warrants (the “Series C Warrants”), to provide for (A) an increase in the Financing (as defined below) from $50,000,000.00 to $75,000,000.00 and (B) an extension of the date to closing the final tranche of the Financing. Other than the foregoing, this Amendment No. 1 speaks as of the original date of the Original Form 8-K and does not reflect events that may have occurred subsequent to the date of the Original Form 8-K, except for (i) the reverse stock split of the Company’s common stock, par value $0.001 per share (the “Common Stock”), which was effective as of January as of January 16, 2024, (ii) closings of the Financing that occurred since the Execution Date (as defined below), (iii) adjustment to the Conversion Price (as defined below) upon an issuance of Common Stock at a price per share lower than the Conversion Price then in effect and (iv) removal of Item 7.01 and the referenced press release of the Original Form 8-K. |
Document Period End Date | Mar. 26, 2024 |
Entity File Number | 001-12711 |
Entity Registrant Name | AULT ALLIANCE, INC. |
Entity Central Index Key | 0000896493 |
Entity Tax Identification Number | 94-1721931 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 11411 Southern Highlands Parkway |
Entity Address, Address Line Two | Suite 240 |
Entity Address, City or Town | Las Vegas |
Entity Address, State or Province | NV |
Entity Address, Postal Zip Code | 89141 |
City Area Code | (949) |
Local Phone Number | 444-5464 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Common Stock, $0.001 par value | |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | AULT |
Security Exchange Name | NYSEAMER |
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share | |
Title of 12(b) Security | 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
Trading Symbol | AULT PRD |
Security Exchange Name | NYSEAMER |