Ault Alliance Announces a Second Partial Distribution of TOG Securities of Approximately $0.37 for each share of Ault Alliance Common Stock
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance, Inc. (NYSE:AULT) announces a second distribution related to securities of Imperalis Holding Corp. (OTC:IMHC), also known as TurnOnGreen, Inc. Stockholders of Ault Alliance will receive 15 shares of TurnOnGreen common stock and warrants to purchase 15 shares of TurnOnGreen common stock for each share of Ault Alliance they own. The market value of the 15 shares of TurnOnGreen common stock would result in a dividend of approximately $0.37 per share.
July 13, 2023 | 10:35 am
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POSITIVE IMPACT
Ault Alliance's second distribution of TurnOnGreen securities could potentially increase the attractiveness of AULT shares due to the additional dividend.
The announcement of a second distribution of TurnOnGreen securities, which results in a dividend of approximately $0.37 per share, could make AULT shares more attractive to investors seeking dividend income. This could potentially drive up the demand and price of AULT shares in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The distribution of TurnOnGreen securities by Ault Alliance could potentially increase the visibility and trading volume of IMHC shares.
The distribution of TurnOnGreen securities by Ault Alliance could lead to increased visibility and trading volume for IMHC shares. This could potentially drive up the demand and price of IMHC shares in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80