Ault Global (NYSEAMERICAN:DPW) Reports Sale of Series G Convertible Preferred Stock and Series G Warrants

Ault Global, operating as Hyperscale Data, Inc., a Delaware corporation, recently made a significant transaction involving the sale of Series G Convertible Preferred Stock and Series G Warrants. On January 3, 2025, the company sold 495 shares of Series G Convertible Preferred Stock and warrants to purchase 83,643 shares of the company’s common stock to Ault & Company, Inc., a Delaware corporation, in accordance with a Securities Purchase Agreement inked on December 21, 2024. The purchase was valued at $495,000 and marked the initial acquisition of Series G Convertible Preferred Stock and Series G Warrants under the Agreement. As per the terms of the Agreement, Ault & Company, Inc. may acquire up to $25 million of Series G Convertible Preferred Stock and Series G Warrants across multiple closings.

It is important to note that Ault & Company, Inc., the Purchaser, is closely affiliated with the company. The detailed terms of the Agreement, along with specifics regarding the Series G Convertible Preferred Stock and the Series G Warrants, were outlined in a Form 8-K submitted to the Securities and Exchange Commission on December 23, 2024. This information was subsequently amended on January 3, 2025 and January 6, 2025, with all relevant details now included in the updated filing.

The unregistered sales of equity securities detailed in Item 1.01 were completed in reliance on an exemption from registration requirements under Section 4(a)(2) of the Securities Act of 1933. The transaction information provided in this report is incorporated by reference into Item 3.02 regarding unregistered sales of equity securities.

Furthermore, in compliance with the reporting obligations following this transaction, Hyperscale Data, Inc. has ensured that all required documentation is in place. The cover page has been formatted in Inline XBRL as per Rule 406 of Regulation S-T, and an Interactive Data File is included within Exhibit 104.

For further insights and specifics related to the sales transaction and its implications, individuals interested in the financial standing and dealings of Ault Global (NYSEAMERICAN:DPW) are encouraged to review the comprehensive SEC filing for additional information.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ault Global’s 8K filing here.

About Ault Global

Ault Global Holdings, Inc engages in the design, development, manufacture, and sale of customized and flexible power system solutions for the medical, military, telecom, and industrial markets. It operates through the following segments: DPC, DPL, Enertec, Digital Farms, and I.AM. The DPC segment includes Microphase, Coolisys, Power-Plus, and DP Lending.