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Ault Alliance | 424B5: Prospectus

Ault Alliance | 424B5: Prospectus

Ault Alliance | 424B5：募资说明书
美股SEC公告 ·  07/19 06:11
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Ault Alliance, Inc. has announced the offering of a $5,390,000 10% OID Convertible Promissory Note to an institutional investor. The Note, issued under a note purchase agreement, is being sold for a purchase price of $4,900,000, reflecting an original issue discount of 10%. Interest on the Note will accrue at a rate of 15% per annum, increasing to 18% in the event of default. The Note is convertible into shares of Ault Alliance's Class A common stock at a conversion price of $0.22 per share, subject to adjustments. The conversion is contingent upon NYSE approval of the Supplemental Listing Application. If the closing bid price of the Common Stock is lower than the Conversion Price on the Adjustment Date of September 2, 2024, the Conversion Price will be reduced to 85% of the closing bid price. The Note will mature on October 19, 2024, and Ault Alliance will not receive any proceeds from the issuance of Conversion Shares upon conversion of the Note. The offering is expected to close on or about July 19, 2024, subject to customary closing conditions.
Ault Alliance, Inc. has announced the offering of a $5,390,000 10% OID Convertible Promissory Note to an institutional investor. The Note, issued under a note purchase agreement, is being sold for a purchase price of $4,900,000, reflecting an original issue discount of 10%. Interest on the Note will accrue at a rate of 15% per annum, increasing to 18% in the event of default. The Note is convertible into shares of Ault Alliance's Class A common stock at a conversion price of $0.22 per share, subject to adjustments. The conversion is contingent upon NYSE approval of the Supplemental Listing Application. If the closing bid price of the Common Stock is lower than the Conversion Price on the Adjustment Date of September 2, 2024, the Conversion Price will be reduced to 85% of the closing bid price. The Note will mature on October 19, 2024, and Ault Alliance will not receive any proceeds from the issuance of Conversion Shares upon conversion of the Note. The offering is expected to close on or about July 19, 2024, subject to customary closing conditions.
Ault Alliance，Inc.宣布向机构投资者发行一笔名为“$5,390,000 10% OID可转换优先票据”的债券，其中发行价为$4,900,000，反映了10%的原始发行折扣。票据的利率为每年15%，违约情况下将增加至每年18%。票据可按每股$0.22的转换价转换为Ault Alliance的A类普通股，但需获得纽交所的批准。如果普通股的收盘买盘价低于2024年9月2日调整日的转换价，则转换价将调整为收盘买盘价的85%。票据将于2024年10月19日到期，Ault Alliance将不会在转换票据时收到任何转换股份的收益。此次发行预计将于2024年7月19日左右结束，但须遵守惯例的成交条件。
Ault Alliance，Inc.宣布向机构投资者发行一笔名为“$5,390,000 10% OID可转换优先票据”的债券，其中发行价为$4,900,000，反映了10%的原始发行折扣。票据的利率为每年15%，违约情况下将增加至每年18%。票据可按每股$0.22的转换价转换为Ault Alliance的A类普通股，但需获得纽交所的批准。如果普通股的收盘买盘价低于2024年9月2日调整日的转换价，则转换价将调整为收盘买盘价的85%。票据将于2024年10月19日到期，Ault Alliance将不会在转换票据时收到任何转换股份的收益。此次发行预计将于2024年7月19日左右结束，但须遵守惯例的成交条件。
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