Ault Alliance Announces An Initial Partial Distribution Of TOG Securities Of ~$2.12/Share Of Ault Alliance Common Stock; Ault Alliance Will Distribute 40 Shares And Warrants To Purchase 40 Shares Of Imperalis Holding Corp., With A Record Date Of June 26
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance announces an initial partial distribution of TOG securities of approximately $2.12 per share of Ault Alliance common stock. Stockholders will receive 40 shares and warrants to purchase 40 shares of Imperalis Holding Corp. (TurnOnGreen) with a record date of June 26, 2023.
June 16, 2023 | 1:51 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ault Alliance stockholders to receive 40 shares and warrants of Imperalis Holding Corp. (TurnOnGreen) with a record date of June 26, 2023.
The announcement of the initial partial distribution of TOG securities is a positive development for Ault Alliance stockholders, as they will receive additional assets in the form of shares and warrants of Imperalis Holding Corp. This is likely to have a positive short-term impact on AULT stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ault Alliance stockholders to receive 40 shares and warrants of Imperalis Holding Corp. (TurnOnGreen) with a record date of June 26, 2023.
The distribution of shares and warrants of Imperalis Holding Corp. to Ault Alliance stockholders is likely to increase the visibility and demand for IMHC stock. This may have a positive short-term impact on IMHC stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100