AULT MILTON C III bought AULT
December 14, 2023 · Form 4 insider transaction
AULT MILTON C III bought 12,269,032 shares of AULT at $0.00 per share, a transaction worth N/A. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 88 days after the transaction.
Footnotes
The Issuer is restricted from issuing shares of Common Stock upon conversion of the Series C Convertible Preferred Stock and /or exercise of the Series C Warrants to the extent such issuances would result in an aggregate number of shares of Common Stock exceeding 452,214, which represents 19.99% of the total shares of Common Stock issued and outstanding as of November 6, 2023, the execution date of the purchase agreement pursuant to which the shares of Series C Convertible Preferred Stock and Series C Warrants are issued, in accordance with the rules and regulations of the NYSE American unless the Issuer first obtains stockholder approval, which has not yet been obtained.; Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.