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Ault Alliance, Inc. Regains Compliance with NYSE American Continued Listing Standards

Jul 05, 2023 6:30 AM

LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT) a diversified holding company (“AAI,” or the “Company”) announced today that on July 3, 2023, the NYSE American LLC (“NYSE American”) notified AAI that the Company has successfully regained compliance with the NYSE American’s continued listing standards related to price per share set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”).

As previously disclosed, on November 2, 2022, the Company received a letter (collectively, the “Deficiency Letter”) from the NYSE American stating that the Company was not in compliance with the continued listing standards set forth in Section 1003(f)(v) of the Company Guide as a result of the then-existing low trading price of the Company’s common stock. As set forth in the Deficiency Letter, the continued listing of the Company’s common stock on the NYSE American was predicated on the Company demonstrating sustained price improvement within a reasonable period of time such as by conducting a reverse stock split of its shares of common stock by no later than May 2, 2023. As a result of management’s efforts to regain compliance, the NYSE American has informed the Company that it is now in full compliance with the NYSE American’s continued listing standards set forth in Part 10 of the Company Guide and that the “.BC” designation will be removed from the “AAI” trading symbol effective as of the commencement of trading on July 5, 2023. In addition, the Company will be removed from the list of NYSE American noncompliant issuers on the exchange’s website.

For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.ault.com.

IR@Ault.com or 1-888-753-2235

Source: Ault Alliance, Inc.


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NYSE AMERICAN: AULT

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