Ault Alliance Does Not Intend to Consummate Any Acquisitions as It Focuses on Maximizing the Value of Its Existing Assets
Ault Alliance, Inc. (AULT)
Company Research
Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today it has determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments. Given the Company’s concentration on maximizing the value of its existing assets, it has taken proactive steps to reduce its total headcount, which are expected to save more than $2 million in payroll expenses for 2024.This strategic shift underscores Ault Alliance’s commitment to maximizing the value of its existing assets, which include a robust data center operation, a thriving crane rental business, and its lending company. The Company is steadfast in its focus on optimizing these key assets and anticipates this will improve bottom-line results and efficiency.“Our decision to pause the pursuit of new acquisitions is not just a strategic shift, but a deliberate focus on enhancing the value and potential of our ex
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- Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred StockBusiness Wire
- Ault Alliance Announces Strong Performance from its Global Defense and Electronics Subsidiary Gresham WorldwideBusiness Wire
AULT
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form PRE
- 4/18/24 - Form 8-K
- AULT's page on the SEC website