Ault Alliance Announces New Preferred Stock Dividend Tied to AI and Bitcoin Profits
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance, Inc. (NYSE:AULT) announced a new preferred stock dividend tied to profits from its AI data center and Bitcoin mining operations. Stockholders will receive one share of the new preferred stock for each share of common stock owned. The dividend amount will be determined by the Board and could range from 0.25% to 25% of the face value of the preferred stock, which is $1 per share. The company will seek stockholder approval to increase the number of authorized preferred shares and aims to have the new preferred stock trade on a national exchange.
June 03, 2024 | 10:31 am
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Ault Alliance announced a new preferred stock dividend tied to profits from its AI data center and Bitcoin mining operations. This could attract more investors and potentially increase the stock price.
The introduction of a new preferred stock dividend tied to profitable sectors like AI and Bitcoin could attract more investors, leading to a potential increase in stock price. The dividend's range and the company's discretion to abandon the plan add some uncertainty, but overall, the news is likely positive.
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