Ault Alliance Announces a Final Distribution of TOG Securities Valued at $0.0141 for Each Share of Ault Alliance Common Stock - Seite 2

The Company currently anticipates that, in lieu of issuing fractional shares, the aggregate of all fractional shares otherwise issuable to the holders of record of AAI Common Stock on the Record Date shall be issued to the Distribution Agent for the TOG Securities, for the accounts of all holders of record of AAI Common Stock otherwise entitled to have a fraction of a share of TurnOnGreen issued to them. The sale of all fractional interests will be effected by the Distribution Agent as soon as practicable after the Payment Date on the basis of prevailing market prices of the TurnOnGreen common stock at the time of sale. After such sale, the Distribution Agent will pay to such holders of record their pro rata share of the net proceeds (after customary brokerage commissions and other expenses) derived from the sale of the fractional interests.

The registration statement related to the distributions of the TOG Securities has been declared effective by the Securities and Exchange Commission.

“We are pleased to complete the Final Distribution to our stockholders,” said Milton C. Ault, the Company’s Executive Chairman. He added that “We believe that we have now demonstrated to not only our stockholders but to the public in general that we have fulfilled our publicly issued commitment regarding the TOG Securities. Further, we intend to assist TurnOnGreen in its application to list its shares of common stock on a national securities exchange once it meets either Nasdaq’s or the NYSE American’s initial listing criteria.”

This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company’s common stock or any other securities of the Company. The Final Distribution is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any distribution of the TOG Securities will be made only by means of the applicable registration statement and the prospectus included therein.

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 https://www.ault.com/ or available at https://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 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.