On August 15, 2024, Ault Disruptive Technologies Delivered A Termination Notice To Gresham Notifying It That The Company Was Exercising Its Right To Terminate The Merger Agreement Effective August 15, 2024 Because Gresham Recently Filed For Bankruptcy.
Portfolio Pulse from Benzinga Newsdesk
On August 15, 2024, Ault Disruptive Technologies (ADRT) delivered a termination notice to Gresham, exercising its right to terminate the merger agreement due to Gresham's recent bankruptcy filing.
August 15, 2024 | 8:45 pm
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NEUTRAL IMPACT
Ault Disruptive Technologies (ADRT) has terminated its merger agreement with Gresham due to Gresham's bankruptcy filing.
The termination of the merger agreement could have mixed impacts on ADRT. While it avoids the risks associated with Gresham's bankruptcy, it also loses potential benefits from the merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ault Disruptive Technologies (ADRT) is associated with Ault Global Holdings (AULT), which may see indirect effects from the termination of the merger agreement with Gresham.
As ADRT is associated with Ault Global Holdings (AULT), the termination of the merger agreement may have indirect effects on AULT. However, the direct impact is limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50