0001214659-24-004347.txt : 20240311
0001214659-24-004347.hdr.sgml : 20240311
20240311163053
ACCESSION NUMBER: 0001214659-24-004347
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231214
FILED AS OF DATE: 20240311
DATE AS OF CHANGE: 20240311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AULT MILTON C III
CENTRAL INDEX KEY: 0001212502
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12711
FILM NUMBER: 24738491
MAIL ADDRESS:
STREET 1: 11411 SOUTHERN HIGHLANDS PARKWAY
STREET 2: SUITE 240
CITY: LAS VEGAS
STATE: NV
ZIP: 89141
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ault Alliance, Inc.
CENTRAL INDEX KEY: 0000896493
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 941721931
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11411 SOUTHERN HIGHLANDS PARKWAY
STREET 2: SUITE 240
CITY: LAS VEGAS
STATE: NV
ZIP: 89141
BUSINESS PHONE: (949) 444-5464 3679
MAIL ADDRESS:
STREET 1: 11411 SOUTHERN HIGHLANDS PARKWAY
STREET 2: SUITE 240
CITY: LAS VEGAS
STATE: NV
ZIP: 89141
FORMER COMPANY:
FORMER CONFORMED NAME: BitNile Holdings, Inc.
DATE OF NAME CHANGE: 20211213
FORMER COMPANY:
FORMER CONFORMED NAME: Ault Global Holdings, Inc.
DATE OF NAME CHANGE: 20210119
FORMER COMPANY:
FORMER CONFORMED NAME: DPW Holdings, Inc.
DATE OF NAME CHANGE: 20171229
4
1
marketforms-65140.xml
PRIMARY DOCUMENT
X0508
4
2023-12-14
0000896493
Ault Alliance, Inc.
AULT
0001212502
AULT MILTON C III
11411 SOUTHERN HIGHLANDS PARKWAY
SUITE 240
LAS VEGAS
NV
89141
true
true
false
false
Executive Chairman
0
Series C Convertible Preferred Stock
2023-12-14
4
P
false
41500
1000.00
A
2023-12-14
Common Stock
41500
I
By Ault & Company, Inc.
Series C Warrants
3.3825
2023-12-14
4
P
false
12269032
0.00
A
2024-05-14
2028-12-13
Common Stock
12269032
12269032
I
By Ault & Company, Inc.
Series C Convertible Preferred Stock
2024-03-07
4
P
false
500
1000.00
A
2024-03-07
Common Stock
42000
I
By Ault & Company, Inc.
Series C Warrants
3.3825
2024-03-07
4
P
false
147820
0.00
A
2024-09-07
2029-03-06
Common Stock
147820
12416852
I
By Ault & Company, Inc.
Series C Convertible Preferred Stock
2024-03-08
4
P
false
500
1000.00
A
2024-03-08
Common Stock
42500
I
By Ault & Company, Inc.
Series C Warrants
3.3825
2024-03-08
4
P
false
147820
0.00
A
2024-09-08
2029-03-07
Common Stock
147820
12564672
I
By Ault & Company, Inc.
Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $5.245 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
The Series C Convertible Preferred Stock has no expiration date.
As of March 11, 2024, the Conversion Price is approximately $0.61 a share, so each share of Series C Convertible Preferred Stock is convertible into approximately 1,639 shares of Common Stock.
The Issuer is restricted from issuing shares of Common Stock upon conversion of the Series C Convertible Preferred Stock and /or exercise of the Series C Warrants to the extent such issuances would result in an aggregate number of shares of Common Stock exceeding 452,214, which represents 19.99% of the total shares of Common Stock issued and outstanding as of November 6, 2023, the execution date of the purchase agreement pursuant to which the shares of Series C Convertible Preferred Stock and Series C Warrants are issued, in accordance with the rules and regulations of the NYSE American unless the Issuer first obtains stockholder approval, which has not yet been obtained.
Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.
/s/ Milton C. Ault, III
2024-03-11