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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
____________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
___________________________________________________________________
Date of Report (Date of earliest event reported): August
18, 2023
(Exact name of registrant as specified in its charter)
Delaware |
|
001-12711 |
|
94-1721931 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
11411 Southern Highlands Parkway, Suite 240,
Las Vegas, NV 89141
(Address of principal executive offices) (Zip Code)
(949) 444-5464
(Registrant's telephone number, including area
code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.001 par value |
|
AULT |
|
NYSEAmerican |
13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
|
AULT PRD |
|
NYSEAmerican |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| ITEM 5.03 | AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR |
On August 17, 2023, Ault
Alliance, Inc., a Delaware corporation (the “Company”), filed Certificates of Elimination (collectively, the “Certificates
of Elimination”) with the Secretary of State of the State of Delaware with respect to the Company’s Series E convertible
redeemable preferred stock (“Series E Preferred Stock”), Series F convertible redeemable preferred stock (“Series
F Preferred Stock”) and Series G convertible redeemable preferred stock (“Series G Preferred Stock”, and
together with the Series E Preferred Stock and the Series F Preferred Stock, the “Preferred Stock”) which, effective
upon filing, eliminated from the Company’s Certificate of Incorporation, as amended, all matters set forth in the Certificates of
Designations for the Preferred Stock. Copies of the Certificates of Elimination for the Series
E Preferred Stock, Series F Preferred Stock and Series G Preferred Stock are attached as Exhibits 3.1, 3.2 and 3.3, respectively, to this
report and are incorporated herein by reference.
| ITEM 7.01 | REGULATION FD DISCLOSURE |
On August 18, 2023, the Company issued a press
release announcing a cash dividend to holders of the Series D Preferred Stock of $0.2708333
per share. The record date for this dividend is August 31, 2023, and the payment date is September
11, 2023. A copy of the press release is furnished herewith as Exhibit 99.1 and
is incorporated by reference herein.
In accordance with General Instruction B.2 of
Form 8-K, the information under this item shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality
of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
AULT ALLIANCE, INC. |
|
|
|
|
|
|
|
Dated: August 18, 2023 |
/s/ Henry Nisser |
|
|
Henry Nisser
President and General Counsel |
|
-3-
Exhibit 3.1
DelawareThe First StatePage 1 6551776 8100Authentication: 203992776SR# 20233279427Date: 08-17-23You may verify this certificate online at corp.delaware.gov/authver.shtmlI, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF DESIGNATION OF "AULT ALLIANCE, INC.", FILED IN THIS OFFICE ON THE SEVENTEENTH DAY OF AUGUST, A.D. 2023, AT 2:47 O`CLOCK P.M.
Exhibit 3.2
DelawareThe First StatePage 1 6551776 8100Authentication: 203992785SR# 20233279561Date: 08-17-23You may verify this certificate online at corp.delaware.gov/authver.shtmlI, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF DESIGNATION OF "AULT ALLIANCE, INC.", FILED IN THIS OFFICE ON THE SEVENTEENTH DAY OF AUGUST, A.D. 2023, AT 2:47 O`CLOCK P.M.
Exhibit 3.3
DelawareThe First StatePage 1 6551776 8100Authentication: 203992796SR# 20233279562Date: 08-17-23You may verify this certificate online at corp.delaware.gov/authver.shtmlI, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF DESIGNATION OF "AULT ALLIANCE, INC.", FILED IN THIS OFFICE ON THE SEVENTEENTH DAY OF AUGUST, A.D. 2023, AT 2:47 O`CLOCK P.M.
Exhibit 99.1
Ault Alliance Declares Monthly Cash Dividend
of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
LAS VEGAS--(BUSINESS WIRE) – August 18,
2023 -- Ault Alliance, Inc. (NYSE American: AULT), a diversified
holding company (“Ault Alliance,” or the “Company”), today announced that its Board of Directors
has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable
Perpetual Preferred Stock. The record date for this dividend is August 31, 2023, and the payment date is September 11, 2023.
Link to NYSE quote for the Company’s 13.00%
Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:AULTpD
For more information on Ault Alliance and its
subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’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 offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, 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.
Ault Alliance Investor Contact:
IR@Ault.com or 1-888-753-2235
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