Milton C. Ault III - Sep 30, 2024 Form 4 Insider Report for Ault Disruptive Technologies Corp (ADRT)

Role
Director, 10%+ Owner
Signature
/s/ Milton C. Ault, III
Stock symbol
ADRT
Transactions as of
Sep 30, 2024
Transactions value $
-$25
Form type
4
Date filed
10/1/2024, 06:35 PM
Previous filing
Oct 1, 2024
Next filing
Oct 4, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADRT Warrants Sale -$25 -10K -100% $0.00* 0 Sep 30, 2024 Common Stock 10K $11.50 By Ault Lending, LLC F1, F2
holding ADRT Warrants 7.1M Sep 30, 2024 Common Stock 7.1M $11.50 By Ault Disruptive Technologies Company, LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Warrants may be exercised during the period commencing on 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") 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.
F2 Ault Lending, LLC ("AL") is a wholly-owned subsidiary of HSD. Mr. Ault, the Executive Chairman of HSD, is deemed to have voting and investment power with respect to the securities held of record by AL.
F3 Ault Disruptive Technologies Company, LLC (the "Sponsor") is a wholly-owned subsidiary of Hyperscale Data, Inc. ("HSD"). Mr. Ault, the Executive Chairman of HSD, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor.