Ault Alliance, Inc. regains compliance with NYSE American’s listing standards, demonstrating successful efforts to address non-compliance and remove trading symbol designation.
- Ault Alliance, Inc. regains compliance with NYSE American’s listing standards after addressing non-compliance issue.
- Potential reverse stock split and sustained price improvement efforts lead to successful compliance.
- Trading symbol “AAI” no longer carries the “.BC” designation from July 5, 2023.
- Diversified holding company focuses on acquiring undervalued businesses and disruptive technologies with global impact, including Bitcoin mining and credit provision.
Ault Alliance, Inc., a diversified holding company, has announced that it has regained compliance with the NYSE American’s listing standards. This achievement comes after the NYSE American had previously notified Ault Alliance of its non-compliance due to the low trading price of the company’s common stock.
— Ault Alliance, Inc. (@AultAlliance) July 5, 2023
Efforts to Regain Compliance
Through its management’s efforts, Ault Alliance was able to successfully address the non-compliance issue. One of the measures taken was the suggestion of a potential reverse stock split to demonstrate sustained price improvement. These efforts have paid off, as the NYSE American has confirmed that Ault Alliance is now in full compliance with its continued listing standards.
As a result of regaining compliance, the “.BC” designation will be removed from Ault Alliance’s trading symbol “AAI” effective from the commencement of trading on July 5, 2023. Furthermore, the company will also be removed from the list of NYSE American noncompliant issuers on the exchange’s website.
Diversified Holding Company with Global Impact
Ault Alliance, Inc. is a diversified holding company that focuses on acquiring undervalued businesses and disruptive technologies with a global impact. The company operates a data center where it mines Bitcoin and offers mission-critical products supporting various industries such as the metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles. Ault Alliance also provides credit to select entrepreneurial businesses through its licensed lending subsidiary.
On June 26, Ault Alliance provided an update on its Bitcoin production and mining operations. The company reported that approximately 19,000 miners are currently active, contributing to an operational hash rate of 2.1 exahashes per second.
Ault Alliance’s successful compliance with the NYSE American’s listing standards reflects the company’s commitment to maintaining the necessary requirements for continued trading on the exchange. With its diversified portfolio and focus on disruptive technologies, Ault Alliance remains poised for growth and expansion in the global market.