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 | $300K | +300 | +0.68% | $1,000.00* | 44.3K | Aug 5, 2024 | Common Stock | By Ault & Company, Inc. | F1, F2, F3, F4 | ||
transaction | AULT | Series C Warrants | Purchase | $0 | +88.7K | +0.68% | $0.00 | 13.1M | Aug 5, 2024 | Common Stock | 88.7K | $0.22 | By Ault & Company, Inc. | F4 |
Id | Content |
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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) $0.22 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 August 2, 2024, the Conversion Price was $0.22 a share, so each share of Series C Convertible Preferred Stock is convertible into approximately 4,545 shares of Common Stock. |
F4 | 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. |