| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ADRT | Common Stock | Purchase | +2.88M | 2.88M | Feb 23, 2021 | By Ault Disruptive Technologies Company, LLC | F1, F2 | |||
| transaction | ADRT | Common Stock | Purchase | $10K | +1K | +0.03% | $10.03 | 2.88M | Dec 16, 2021 | By Digital Power Lending, LLC | F3, F4 |
| transaction | ADRT | Common Stock | Purchase | $2K | +200 | +0.01% | $10.02 | 2.88M | Dec 21, 2021 | By Digital Power Lending, LLC | F4, F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ADRT | Warrants | Purchase | $7.1M | +7.1M | $1.00* | 7.1M | Dec 15, 2021 | Common Stock | 7.1M | $11.50 | By Ault Disruptive Technologies Company, LLC | F6, F7 | |
| transaction | ADRT | Warrants | Purchase | $7.52K | +750 | +0.01% | $10.03 | 7.1M | Dec 16, 2021 | Common Stock | 750 | $11.50 | By Digital Power Lending, LLC | F3, F4, F7 |
| transaction | ADRT | Warrants | Purchase | $1.5K | +150 | +0% | $10.02 | 7.1M | Dec 21, 2021 | Common Stock | 150 | $11.50 | By Digital Power Lending, LLC | F4, F5, F7 |
| Id | Content |
|---|---|
| F1 | This Form 5 is being filed by Mr. Ault to correct his indirect ownership of shares of Common Stock and Warrants that are directly held by Ault Disruptive Technologies Company, LLC (the "Sponsor") and to reflect the purchases described in Tables I and II. |
| F2 | This transaction reflects the shares of Common Stock purchased and held directly by the Sponsor, which were acquired pursuant to a Subscription Agreement by and among the Sponsor and the Issuer. The shares of Common Stock were purchased for a total sum of $25,000. The Sponsor is a wholly-owned subsidiary of BitNile Holdings, Inc. ("BitNile"). Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the shares directly held by the Sponsor. |
| F3 | This transaction was executed in multiple trades at a per unit price ranging from $10.00 to $10.035. The price above reflects the weighted average sale price. The per unit price above reflects the total price per unit, each unit consisted of one share of Common Stock and three-fourths of one redeemable warrant ("Unit"). The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each price. |
| F4 | Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by DPL. |
| F5 | The price reflects the per Unit purchase price. |
| F6 | This transaction reflects the Warrants purchased and held directly by the Sponsor, which were acquired pursuant to a private placement by and among the Sponsor and the Issuer. The Sponsor is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the Warrants directly held by the Sponsor. |
| F7 | The Warrants may be exercised during the period commencing on the later of (A) the consummation by the Issuer of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a "Business Combination") or (B) December 15, 2022, and terminating at 5:00 p.m., New York City time, on the date that is five years after the consummation of the Issuer's initial Business Combination or earlier upon redemption or the liquidation of the Issuer. |