Ault Alliance retires 101,362 shares of series D preferred stock

Chicago, Jan. 9 – Ault Alliance, Inc. retired 101,362 shares of its 13% series D cumulative redeemable perpetual preferred stock, according to a press release.

The company also retired 679,969 shares of common stock.

The shares were recently acquired by the company’s wholly owned subsidiary Ault Lending, LLC upon the liquidation of a related party hedge fund.

The retirement of the preferreds reduces the company’s annual dividend payable by $300,000.

The preferred shares represented nearly 24% of the outstanding shares of the series.

Ault Alliance is a Las Vegas-based diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

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