Ault Alliance Says It Has Received an Investment of $44M To Date From Ault & Company Under November 2023 Securities Purchase Agreement
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance has announced receiving a $44M investment from Ault & Company as part of a November 2023 Securities Purchase Agreement, allowing for up to $75M in investments through Series C convertible preferred stock and warrants.

April 19, 2024 | 10:33 am
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Ault Alliance has received a significant investment of $44M from Ault & Company, indicating strong financial backing and potential for growth.
The investment of $44M into Ault Alliance by Ault & Company underlines a strong financial support and confidence in the company's growth prospects. This influx of capital is likely to positively impact Ault Alliance's operations and expansion efforts, making it an attractive point for investors. The potential for further investments up to $75M could indicate more positive developments on the horizon, likely leading to an optimistic outlook for AULT's stock in the short term.
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