Ault Alliance Announces Termination of At-The-Market Offering and Embarks on Path to Corporate Restructuring
The Company may, however, consider issuing non-convertible debt to continue to fund its operations until its revenues can cover such costs.
- The Company may, however, consider issuing non-convertible debt to continue to fund its operations until its revenues can cover such costs.
- Further, the Company plans to restructure ownership of its operating businesses to create a more simple, efficient and understandable organizational chart.
- Once complete, the Company will have two reporting segments, consisting of Sentinum, Inc. (“Sentinum”) and Ault Capital Group, Inc. (“Ault Capital”).
- Milton “Todd” Ault III, Founder and Executive Chairman of Ault Alliance, provided comments on the Company’s strategic direction, emphasizing the importance of today’s announcement, “Today marks a pivotal moment for Ault Alliance as we conclude our ATM program and fundamentally reevaluate our financing strategy.