Ault Disruptive Technologies Corporation, (NYSE:ADRT) (the "Company"), a publicly-traded special purpose acquisition company, today announced that its board of directors (the "Board") has determined to redeem all of its outstanding shares of common stock, par value $0.001 per share (the "public shares") because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (as amended, the "Certificate of Incorporation"). As stated in the Certificate of Incorporation, if the Company is unable to complete an initial business combination by December 20, 2024, the Company will: (i) cease all operations e

The combined company, which will be named Gresham Worldwide, Inc., will have an implied pro-forma enterprise value of approximately $83 million with up to approximately $1 million in additional cash, assuming no redemptions by Ault Disruptive's public stockholders Merger anticipated to close in fourth quarter 2024; combined company anticipated to remain listed on NYSE American Gresham stockholders will retain 100% of their equity and will continue to own approximately 66% of the combined company, assuming no redemptions by Ault Disruptive's public stockholders Gresham Worldwide, Inc. (OTCQB:GIGA) ("Gresham" or the "Company"), a provider of high-performance purpose-built electronic

Ault Disruptive Technologies Corporation, a special purpose acquisition company (the "Company"), today announced that in view of the unusual activity in the Company's stock, the NYSE American, LLC (the "NYSE") has contacted the Company in accordance with the NYSE's usual practice and recommended that the Company respond by news release to the unusual activity. Ordinarily, it is the Company's policy not to comment on market activity or rumors. However, the Company did confirm to the NYSE that it is not aware of any material corporate developments or material, undisclosed information and in fact has not issued a press release or otherwise made any public statement since February 16, 2024, w

Ault Disruptive Technologies Corporation, a special purpose acquisition company (the "Company"), today announced that it will allow those holders of shares of the Company's common stock originally sold as part of the units issued in its initial public offering that elected by 5:00 p.m. Eastern Time on February 13, 2024 to redeem their common stock in connection with the special meeting of stockholders held yesterday at 12:00 p.m. Eastern time (the "Special Meeting"), to reverse their redemption requests by sending a DTC DWAC (Deposit/Withdrawal At Custodian) request to the Company's transfer agent, Continental Stock & Transfer Company by 4:15 p.m. Eastern Time, Tuesday, February 20, 2024.

Ault Disruptive Technologies Corporation, a special purpose acquisition company (the "Company"), today announced that the NYSE American (the "Exchange") has accepted the Company's business plan to regain compliance with the Exchange's continued listing standards as set forth in Sections 1003(b)(i)(A) and (B) of the NYSE American Company Guide (the "Company Guide"). As previously reported, on July 21, 2023, the Company received notification (the "Letter") from the Exchange that it was not in compliance with the continued listing standards set forth in the Company Guide. Specifically, the Letter indicated that the Company was not in compliance with Sections 1003(b)(i)(A) and 1003(b)(i)(B) o

Ault Disruptive Technologies Corporation, a special purpose acquisition company (the "Company"), advised that its audited consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the Securities and Exchange Commission on April 4, 2023, contained a going concern explanatory paragraph in the audit opinion from its independent registered public accounting firm. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Release of this information is required by Section 401(h) and 610(b) of the NYSE

Ault Disruptive Technologies Corporation, a special purpose acquisition company (the "Company"), today announced that it will allow those holders of shares of the Company's common stock originally sold as part of the units issued in its initial public offering that elected by 5:00 p.m. Eastern Time on June 14, 2023 to redeem their common stock ("Redeeming Stockholders") in connection with the special meeting of stockholders held yesterday at 12:00 Eastern time (the "Special Meeting"), to reverse their redemption requests by sending a DTC DWAC (Deposit/Withdrawal At Custodian) request to the Company's transfer agent, Continental Stock & Transfer Company by 5:00 p.m. Eastern Time today, Frida

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), today announced its plan to merge its wholly owned subsidiary, Ault Alliance, Inc. ("AAI") with and into BitNile. In connection with this upstream merger, the current AAI will disappear and the business of BitNile will continue as it is currently being conducted. Further, on January 3, 2023, the effective date of the merger, the Company will change its name to Ault Alliance, Inc. and its ticker will be changed to "AULT." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221220005271/en/ The Company's Founder and Executive Chairman, Milton

Ault Disruptive Technologies Corporation (the "Company") today announced that on April 15, 2022, it filed its Annual Report on Form 10-K for the year ended December 31, 2021 with the Securities and Exchange Commission. In its Form 10-K, the Company's audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company's ability to continue as a going concern. The Company is a Special Purpose Acquisition Company, or SPAC, and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinat