In a recent transaction, Milton C. Ault III, the Executive Chairman of Ault Alliance, Inc. (NYSE: AULT), acquired additional shares of the company’s stock. The purchase, which took place on September 10th and 11th, involved common stock and preferred stock of Ault Alliance, with a total expenditure of approximately $4,879.
The transactions included the purchase of 12,500 common shares at a volume-weighted average price of $0.2194 per share, and 10,000 common shares at $0.2055 per share. Additionally, Ault acquired 6 shares of the company's 13% Series D Cumulative Redeemable Perpetual Preferred Stock at a price of $13.69 each. These purchases were made through open market transactions, with the price range for the common shares varying between $0.219 and $0.22.
Following these transactions, Milton C. Ault III, through Ault & Company, Inc., indirectly owns a total of 107,729 common shares. It is also noted that he directly owns 11,645 common shares. Ault is not only the Executive Chairman but also the CEO of Ault & Company, Inc., and as such, is considered to have beneficial ownership of the shares held by the company.
Investors following the insider activity of Ault Alliance may consider these purchases as a sign of confidence from the company's leadership in its future prospects. The transactions have been duly reported in compliance with SEC regulations.
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