Ault Alliance to Initiate Partial Distribution of TOG Securities

June 16, 2023

(24/7 MARKET NEWS) – Ault Alliance, Inc. (NASDAQ:AULT) provided, this morning, an update concerning its distribution related to securities of Imperalis Holding Corp. (NASDAQ:IMHC), in which the initial distribution to its stockholders will receive forty shares of TurnOnGreen common stock and warrants to purchase forty shares of TurnOnGreen common stock 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 only the forty shares of TurnOnGreen common stock would result in a dividend of $2.12 per share.

Ault Alliance is trading at $9.50, up $1.0222 (+12.05%), on 2615 premarket shares traded.

Its 52-week range is $8.4778 to $116.58. It closed at a 52-week low yesterday. If the trading volume picks up, it may signal a trend reversal.

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