Ault Alliance Announces a Second Partial Distribution of TOG Securities of Approximately $0.37 for each share of Ault Alliance Common Stock

Author: Benzinga Newsdesk | July 13, 2023 05:35am

Ault Alliance, Inc. (NYSE:AULT), a diversified holding company, ("Ault Alliance" or the "Company"), hereby announces an update on its distribution (the "Second Distribution") related to securities of Imperalis Holding Corp. (OTC:IMHC), d/b/a TurnOnGreen, Inc. ("TurnOnGreen"). In the Second Distribution, stockholders of the Company will receive fifteen (15) shares of TurnOnGreen common stock and warrants to purchase fifteen (15) shares of TurnOnGreen common stock (the "TOG Securities") for each share of common stock of the Company that they own on the record date. Based on yesterday's closing price, the market value of the fifteen (15) shares of TurnOnGreen common stock would result in a dividend of approximately $0.37 per share.

Posted In: AULT IMHC