| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AULT | Series C Convertible Preferred Stock | Purchase | $500K | +500 | +1.18% | $1,000.00* | 43K | Mar 18, 2024 | Common Stock | By Ault & Company, Inc. | F1, F2, F3, F4, F5 | ||
| transaction | AULT | Series C Warrants | Purchase | $0 | +148K | +1.18% | $0.00 | 12.7M | Mar 18, 2024 | Common Stock | 148K | $3.38 | By Ault & Company, Inc. | F4, F5 |
| transaction | AULT | Series C Convertible Preferred Stock | Purchase | $500K | +500 | +1.16% | $1,000.00* | 43.5K | Mar 19, 2024 | Common Stock | By Ault & Company, Inc. | F1, F2, F3, F4, F5 | ||
| transaction | AULT | Series C Warrants | Purchase | $0 | +148K | +0.12% | $0.00 | 129M | Mar 19, 2024 | Common Stock | 148K | $3.38 | By Ault & Company, Inc. | F4, F5 |
| Id | Content |
|---|---|
| F1 | Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.35 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events. |
| F2 | The Series C Convertible Preferred Stock has no expiration date. |
| F3 | As of March 20, 2024, the Conversion Price was $0.35 a share, so each share of Series C Convertible Preferred Stock is convertible into approximately 2,857 shares of Common Stock. |
| F4 | The Issuer is restricted from issuing shares of Common Stock upon conversion of the Series C Convertible Preferred Stock and /or exercise of the Series C Warrants to the extent such issuances would result in an aggregate number of shares of Common Stock exceeding 452,214, which represents 19.99% of the total shares of Common Stock issued and outstanding as of November 6, 2023, the execution date of the purchase agreement pursuant to which the shares of Series C Convertible Preferred Stock and Series C Warrants are issued, in accordance with the rules and regulations of the NYSE American unless the Issuer first obtains stockholder approval, which has not yet been obtained. |
| F5 | Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co. |