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