Ault Alliance Plans To Issue One Or More Special Dividends To Stockholders Of Stock In Its Subsidiaries That Are Not Related To AI Data Center Business
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance plans to issue special dividends to stockholders of its subsidiaries not related to its AI data center business. Hyperscale Data will focus on leveraging its data center assets in Michigan and Montana to capitalize on the growing AI and data center markets in the U.S.
August 01, 2024 | 10:39 am
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Ault Alliance plans to issue special dividends to stockholders of its subsidiaries not related to its AI data center business. This move aims to maximize company value and position it for future growth.
Issuing special dividends is generally seen as a positive move for stockholders, indicating that the company is in a strong financial position. Additionally, focusing on the growing AI and data center markets could drive future growth.
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