Ault Alliance shares are trading lower after the company announced that it reached a settlement with the SEC and will pay a civil penalty of $700,000 that was fully accrued in Q4 2022.
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance has reached a settlement with the SEC, agreeing to pay a civil penalty of $700,000. This penalty was fully accrued in Q4 2022, and the announcement has led to a decrease in the company's share price.
August 15, 2023 | 5:28 pm
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NEGATIVE IMPACT
Ault Alliance's settlement with the SEC and the subsequent penalty payment has negatively impacted its share price.
The announcement of a settlement with the SEC and a significant penalty payment is generally viewed negatively by investors, leading to a decrease in demand for the company's shares and a subsequent drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100