Ault Alliance, Inc. completes the final distribution of TurnOnGreen, Inc. securities, distributing 140 million shares of common stock and warrants to purchase additional shares to its stockholders. Stockholders received approximately 0.83 shares of TurnOnGreen common stock per share of Ault Alliance common stock owned on the record date of April 15, 2024. The distribution was completed on April 29, 2024. The Company believes this distribution is a significant achievement, setting TurnOnGreen on a path to independent growth.
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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