Ault Alliance predvideva uporabo predhodno odobrenega načrta odkupa navadnih delnic

LAS VEGAS–(BUSINESS WIRE)–$ STRINJAM SE #STRINJAM SE -Ault Alliance, Inc. (NYSE American: AULT), razvejan holding (“Ault Alliance," ali "Podjetje”), today announced that it currently anticipates utilizing the stock repurchase program (the “Repurchase Program”) that was previously authorized by its Board of Directors (the “Board”) in December 2021. The Repurchase Program would start no earlier than two business days after the filing of the Company’s Form 10-Q for the quarter ending March 31, 2024.

Under the Repurchase Program, the Board authorized the Company to repurchase up to $50 million of common stock, which repurchases may be made on a discretionary basis from time to time through a variety of methods, including open market repurchases. The Company intends to enact a trading plan (the “Rule 10b5-1 Plan”) for the repurchases in compliance with the Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Zakon o menjavi”), the rules of the United States Securities and Exchange Commission and other applicable federal and state rules and regulations. The Rule 10b5-1 Plan will allow the Company to execute trades during periods when it would otherwise not be permitted to do so because it may be in possession of material non-public information, because of insider trading laws or self-imposed trading blackout periods. Under the Rule 10b5-1 Plan, the executing broker would have the authority, under the prices, terms and limitations set forth in the Rule 10b5-1 Plan, including compliance with Rule 10b-18 of the Exchange Act (“Pravilo 10b-18”), to repurchase shares on the Company’s behalf. In accordance with Rule 10b-18, the Repurchase Program is not intended to constitute a going-private transaction.

The timing and number of shares repurchased, if any, will depend on a variety of factors, including further Board approval, available financing as well as the Company’s cash position, the price and trading volume of the Company’s, general business and market conditions and restrictions on stock repurchases in existing loan agreements, among other items, in each case at the time when the Company may initiate share repurchases pursuant to the Rule 10b5-1 Plan. The Company intends to finance the repurchases from several sources, including excess cash flow from operations, as and when available, and proceeds from future borrowing arrangements or financings. The repurchase program is set to expire on December 15, 2024, but may be modified, suspended, or discontinued at any time prior thereto at the Company’s discretion. Any shares repurchased under the Repurchase Program will be returned to treasury and will reduce the public float of common stock. The potential institution of the Repurchase Program is, in the view of the Company’s management, another step towards enhancing stockholder value and would follow the Company’s previously announced return to treasury of 101,362 shares of the Company’s 13% Series D cumulative redeemable perpetual preferred stock and 679,969 shares of common stock, which were acquired by the Company’s wholly owned subsidiary, Ault Lending, LLC at the end of December 2023 upon liquidation of a related party hedge fund.

Milton “Todd” Ault III, Founder and Executive Chairman of Ault Alliance, commented on the Repurchase Program, saying, “While the Company has explored methods previously to buy back common stock from stockholders, including the exchange offers announced in March 2023, and November 2023, the Company ultimately determined that the most efficient way to execute a buyback program was to work through its existing and approved share repurchase program of up to $50 million worth of common stock. Overall, I believe that the Repurchase Program is a prudent use of capital and is attractive to management as it believes that the Company’s common stock is severely undervalued.”

Za več informacij o Ault Alliance in njenih podružnicah Ault Alliance priporoča, da delničarji, vlagatelji in vse druge zainteresirane strani preberejo javne vloge in sporočila za javnost Ault Alliance, ki so na voljo v razdelku Odnosi z vlagatelji na www.Ault.com ali na www.sec.gov.

O Ault Alliance, Inc.

Ault Alliance, Inc. je diverzificiran holding, ki si prizadeva za rast s prevzemom podcenjenih podjetij in prelomnih tehnologij z globalnim vplivom. Prek svojih hčerinskih podjetij v popolni in večinski lasti ter strateških naložb ima Ault Alliance v lasti in upravljanju podatkovno središče, v katerem rudari Bitcoin in ponuja storitve kolokacije in gostovanja za nastajajoče ekosisteme umetne inteligence in druge industrije ter zagotavlja kritične izdelke, ki podpirajo raznolik nabor industrij, vključno s platformo metaverse, raziskovanjem nafte, storitvami žerjavov, obrambo/vesoljsko industrijo, industrijo, avtomobilsko industrijo, medicino/biofarmacijo, potrošniško elektroniko, hotelskimi operacijami in tekstilom. Poleg tega Ault Alliance daje posojila izbranim podjetniškim podjetjem prek pooblaščene posojilne podružnice. Sedež Ault Alliance je na naslovu 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.

Napovedne izjave

To sporočilo za javnost vsebuje "izjave o prihodnosti" v smislu razdelka 27A zakona o vrednostnih papirjih iz leta 1933, kot je bil spremenjen, in razdelka 21E zakona o borzi vrednostnih papirjev iz leta 1934, kot je bil spremenjen. Te izjave o prihodnosti na splošno vključujejo izjave, ki so napovedne narave in so odvisne ali se nanašajo na prihodnje dogodke ali razmere ter vključujejo besede, kot so »verjame«, »načrtuje«, »predvideva«, »projekti«, »ocene«, » pričakuje,« »namerava«, »strategija«, »prihodnost«, »priložnost«, »lahko«, »bo«, »bi moral«, »bi lahko«, »potencial« ali podobni izrazi. Izjave, ki niso zgodovinska dejstva, so izjave o prihodnosti. Izjave o prihodnosti temeljijo na trenutnih prepričanjih in predpostavkah, ki so podvržene tveganjem in negotovostim.

Izjave, ki se nanašajo na prihodnost, veljajo samo za datum, ko so podane, in družba se ne zavezuje, da jih bo javno posodabljala v luči novih informacij ali prihodnjih dogodkov. Dejanski rezultati se lahko zaradi različnih dejavnikov bistveno razlikujejo od tistih v kateri koli izjavi o prihodnosti. Več informacij, vključno z morebitnimi dejavniki tveganja, ki bi lahko vplivali na poslovne in finančne rezultate podjetja, je vključenih v vloge podjetja pri ameriški komisiji za vrednostne papirje in borzo, vključno z, vendar ne omejeno na obrazce podjetja 10-K, 10-Q in 8. - K. Vsi spisi so dostopni na www.sec.gov in na spletnem mestu podjetja na naslovu www.Ault.com.

Kontakti

Kontakt za vlagatelje Ault Alliance:
IR@Ault.com ali 1-888-753-2235

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• vir: https://www.fintechnews.org/ault-alliance-anticipates-utilizing-previously-authorized-common-stock-repurchase-plan/