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Ault Alliance Regains Compliance with NYSE American Continued Listing Standards

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Ault Alliance, Inc. (NYSE American: AULT) has successfully regained compliance with NYSE American's continued listing standards related to low selling price. After receiving a Deficiency Letter in November 2023, the Company demonstrated sustained price improvement by May 1, 2024, meeting NYSE American's requirements. The removal of the '.BC' designation from the 'AULT' trading symbol signifies full compliance, with efforts focused on enhancing stockholder value and Company valuation.

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LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that on May 1, 2024, the NYSE American LLC (“NYSE American”) notified the Company that the Company had successfully regained compliance with the NYSE American’s continued listing standards related to a low selling price set forth in section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”).

As previously disclosed, on November 12, 2023, the Company received a letter (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, which the NYSE American determined to be no later than May 13, 2024. 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 “AULT” trading symbol. In addition, the Company will be removed from the list of NYSE American noncompliant issuers on the NYSE American’s website.

“We are excited to receive this news from the NYSE American. We have and will continue to work on driving stockholder value and right sizing the Company’s long-term public valuation,” said Milton “Todd” Ault III, Founder and Executive Chairman of the Company.

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 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

Source: Ault Alliance, Inc.

FAQ

When did Ault Alliance regain compliance with NYSE American's continued listing standards?

Ault Alliance regained compliance with NYSE American's continued listing standards on May 1, 2024.

What was the reason behind Ault Alliance's noncompliance with NYSE American's continued listing standards?

Ault Alliance was not in compliance with NYSE American's continued listing standards due to a low trading price of the Company's common stock.

Who is the Founder and Executive Chairman of Ault Alliance, Inc.?

Milton 'Todd' Ault III is the Founder and Executive Chairman of Ault Alliance, Inc.

Ault Alliance, Inc.

NYSE:AULT

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Optical Instrument and Lens Manufacturing
Manufacturing
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United States of America
LAS VEGAS