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Friday, March 22, 2024 11:40:00 PM
Ault Alliance Announces a Final Distribution of TOG Securities Valued at Approximately $0.019 for Each Share of Ault Alliance Common Stock
https://www.businesswire.com/news/home/20240322256353/en/Ault-Alliance-Announces-a-Final-Distribution-of-TOG-Securities-Valued-at-Approximately-0.019-for-Each-Share-of-Ault-Alliance-Common-Stock
Based on the estimated number of shares of common stock of the Company (the “AAI Common Stock”) to be issued and outstanding on the Record Date, each stockholder of the Company will receive approximately 0.71 TOG Securities for each share of AAI Common Stock owned on the Record Date.
Based on the closing price of AAI Common Stock of $0.3669 as of the COB on Thursday, March 21, 2024, the market value of the 0.71 shares of TurnOnGreen common stock and warrants to purchase 0.71 shares of TurnOnGreen common stock would result in a dividend of approximately $0.019 per share of AAI Common Stock
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