• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D/A filed by BitNile Holdings Inc. (Amendment)

    9/12/22 6:02:00 AM ET
    $NILE
    Military/Government/Technical
    Industrials
    Get the next $NILE alert in real time by email
    SC 13D/A 1 g99220sc13da6.htm AMENDMENT NO. 6

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13D

    (Rule 13d-101)

     

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

    § 240.13d-2(a)

     

    (Amendment No. 6)1

     

    BitNile Holdings, Inc.

    (Name of Issuer)

     

    Class A Common Stock, par value $0.001 per share

    (Title of Class of Securities)

     

    26140E501

    (CUSIP Number)

     

    MILTON C. AULT, III

    c/o Ault Capital Management LLC

    11411 Southern Highlands Parkway, Suite 330

    Las Vegas, NV 89141

    (949) 444-5464

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    September 8, 2022

    (Date of Event Which Requires Filing of This Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

     

    _______________

    1       The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

      
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    MILTON C. AULT, III

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    U.S.A.

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    776,459 (1)

    8

    SHARED VOTING POWER

     

    45,347,239 (2)

    9

    SOLE DISPOSITIVE POWER

     

    776,459 (1)

    10

    SHARED DISPOSITIVE POWER

     

    45,347,239 (2)

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    46,123,698

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    13.88%

    14

    TYPE OF REPORTING PERSON

     

    IN

     

    (1) Represents (i) 409,792 shares of Common Stock and (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.
    (2) Represents (i) 42,680,357 shares of Common Stock held by Ault Alpha LP, (ii) 1,658,916 shares of Common Stock held by Ault & Company, Inc., (iii) 94 shares of Common Stock underlying currently exercisable warrants held by Ault & Company, Inc., (iv) 1,000,000 shares of Common Stock purchasable by Ault & Company, Inc. pursuant to a Securities Purchase Agreement entered into on June 11, 2021 between Ault & Company, Inc. and BitNile Holdings, Inc. (formerly, Ault Global Holdings, Inc.), (v) 3,408 shares of Common Stock held by Philou Ventures, LLC, (vi) 2,232 shares of Common Stock underlying currently exercisable warrants held by Philou Ventures, LLC, and (vii) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held by Philou Ventures, LLC.

     

     2 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    WILLIAM B. HORNE

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    U.S.A.

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    569,973 (1)

    8

    SHARED VOTING POWER

     

    0

    9

    SOLE DISPOSITIVE POWER

     

    569,973 (1)

    10

    SHARED DISPOSITIVE POWER

     

    0

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    569,973

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    Less than 1%

    14

    TYPE OF REPORTING PERSON

     

    IN

     

    (1) Represents (i) 203,306 shares of Common Stock and (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

     3 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    HENRY C.W. NISSER

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    SWEDEN

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    572,917 (1)

    8

    SHARED VOTING POWER

     

    0

    9

    SOLE DISPOSITIVE POWER

     

    572,917 (1)

    10

    SHARED DISPOSITIVE POWER

     

    0

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    572,917

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    Less than 1%

    14

    TYPE OF REPORTING PERSON

     

    IN

     

    (1) Represents (i) 206,250 shares of Common Stock and (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

     4 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    KENNETH S. CRAGUN

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    U.S.A.

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    217,708 (1)

    8

    SHARED VOTING POWER

     

    0

    9

    SOLE DISPOSITIVE POWER

     

    217,708 (1)

    10

    SHARED DISPOSITIVE POWER

     

    0

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    217,708

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    Less than 1%

    14

    TYPE OF REPORTING PERSON

     

    IN

     

    (1) Represents (i) 50,000 shares of Common Stock and (ii) 167,708 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

     5 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    AULT ALPHA LP

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    WC

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    42,680,357

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    42,680,357

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    42,680,357

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    12.90%

    14

    TYPE OF REPORTING PERSON

     

    PN

     

     6 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    AULT ALPHA GP LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    42,680,357 (1)

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    42,680,357 (1)

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    42,680,357

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    12.90%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

    (1) Represents 42,680,357 shares of Common Stock held by Ault Alpha LP.

     

     7 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    AULT CAPITAL MANAGEMENT LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    42,680,357 (1)

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    42,680,357 (1)

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    42,680,357

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    12.90%

    14

    TYPE OF REPORTING PERSON

     

    OO, IA

     

    (1) Represents 42,680,357 shares of Common Stock held by Ault Alpha LP.

     

     8 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    PHILOU VENTURES, LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    WC

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Wyoming

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    7,872 (1)

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    7,872 (1)

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    7,872

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    Less than 1%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

    (1)Represents (i) 3,408 shares of Common Stock, (ii) 2,232 shares of Common Stock underlying currently exercisable warrants held, and (iii) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held.

     

     9 
    CUSIP No. 26140E501

     

    1

    NAME OF REPORTING PERSON

     

    AULT & COMPANY, INC.

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  

    (a) x

    (b) o

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

     

    2,659,010 (1)

    8

    SHARED VOTING POWER

     

    42,688,229 (2)

    9

    SOLE DISPOSITIVE POWER

     

    2,659,010 (1)

    10

    SHARED DISPOSITIVE POWER

     

    42,688,229 (2)

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    45,347,239

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    13.66%

    14

    TYPE OF REPORTING PERSON

     

    CO

     

    (1)Represents (i) 1,658,916 shares of Common Stock, (ii) 1,000,000 shares of Common Stock purchasable pursuant to a Securities Purchase Agreement entered into on June 11, 2021 with BitNile Holdings, Inc. (formerly, Ault Global Holdings, Inc.), and (iii) 94 shares of Common Stock underlying currently exercisable warrants.
    (2) Represents (i) 42,680,357 shares of Common Stock held by Ault Alpha LP, (ii) 3,408 shares of Common Stock held by Philou Ventures, LLC, (iii) 2,232 shares of Common Stock underlying currently exercisable warrants held by Philou Ventures, LLC, and (iv) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held by Philou Ventures, LLC.

     

     10 
    CUSIP No. 26140E501

     

    The following constitutes Amendment No. 6 to the Schedule 13D filed by the undersigned (“Amendment No. 6”) on October 12, 2021 and amended on November 24, 2021, January 4, 2022, July 11, 2022, August 11, 2022 and August 22, 2022 (the “Schedule 13D”). This Amendment No. 6 amends the Schedule 13D as specifically set forth herein. Except as otherwise specified in this Amendment No. 6, all items in the Schedule 13D are unchanged. All capitalized terms used in this Amendment No. 6 and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.

     

    Item 3.Source and Amount of Funds or Other Consideration.

     

    Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:

     

    The 42,680,357 Shares purchased by Ault Alpha were purchased with its working capital. Ault Alpha expended an aggregate of $26,137,546.86 for the purchase of the Shares. The stock options owned by Messrs. Ault, Horne, Nisser and Cragun were awarded to them in their capacities as officers and/or directors of the Issuer. The Shares owned directly by Messrs. Nisser and Cragun were issued upon vesting of restricted stock units awarded to them in their capacities as officers and/or directors of the Issuer. 201,250 Shares owned directly by Mr. Ault were issued upon vesting of restricted stock units awarded to him in his capacity as an officer and director of the Issuer, and the aggregate purchase price for the other 208,542 Shares owned directly by Mr. Ault is $141,993.88. 201,250 Shares owned directly by Mr. Horne were issued upon vesting of restricted stock units awarded to him in his capacity as an officer and director of the Issuer, and the aggregate purchase price for the other 2,056 Shares owned directly by Mr. Horne is $11,015.

     

    The aggregate purchase price of the 3,408 Shares owned directly by Philou Ventures is approximately $1,508,000. The aggregate purchase price of the 125,000 shares of Series B Preferred Stock exercisable into 2,232 Shares and warrants currently exercisable into 2,232 Shares owned directly by Philou Ventures is approximately $1,250,000.

     

    The aggregate purchase price of the 1,658,916 Shares and warrants currently exercisable into 94 Shares owned directly by Ault & Company is approximately $2,578,000.

     

    Item 5.Interest in Securities of the Issuer.

     

    Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

     

    The aggregate percentage of Shares reported owned by each Reporting Person is based upon 330,961,668 Shares outstanding, which is the total number of Shares outstanding as of September 9, 2022, as reported by the Issuer to the Reporting Persons.

     

    A.Milton C. Ault, III

     

    (a) As of the date hereof, Mr. Ault may be deemed to beneficially own 46,123,698 Shares, consisting of (i) 409,792 shares of Common Stock, (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days, (iii) 42,680,357 shares of Common Stock held by Ault Alpha, (iv) 1,658,916 shares of Common Stock held by Ault & Company, (v) 94 shares of Common Stock underlying currently exercisable warrants held by Ault & Company, (vi) 1,000,000 shares of Common Stock purchasable pursuant to a Securities Purchase Agreement entered into on June 11, 2021 between Ault & Company and the Issuer, (vii) 3,408 shares of Common Stock held by Philou Ventures, (viii) 2,232 shares of Common Stock underlying currently exercisable warrants held by Philou Ventures, and (ix) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held by Philou Ventures. Mr. Ault may be deemed to beneficially own the Shares owned directly by Ault Alpha LP, Ault & Company, Inc. and Philou Ventures by virtue of his relationships with such entities described in Item 2.

     

     11 
    CUSIP No. 26140E501

     

    Percentage: 13.88%

     

    (b) 1. Sole power to vote or direct vote: 776,459

    2. Shared power to vote or direct vote: 45,347,239

    3. Sole power to dispose or direct the disposition: 776,459

    4. Shared power to dispose or direct the disposition: 45,347,239

     

    (c) Other than the transactions in the Shares by Mr. Ault as previously disclosed or as set forth on Schedule A and incorporated herein by reference, Mr. Ault has not entered into any transactions in the Shares during the past sixty days.

     

    B.William B. Horne

     

    (a) As of the date hereof, Mr. Horne may be deemed to beneficially own 569,973 Shares, consisting of (i) 203,306 shares of Common Stock and (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

    Percentage: Less than 1%

     

    (b) 1. Sole power to vote or direct vote: 569,973

    2. Shared power to vote or direct vote: 0

    3. Sole power to dispose or direct the disposition: 569,973

    4. Shared power to dispose or direct the disposition: 0

     

    (c)Mr. Horne has not entered into any transactions in the Shares during the past sixty days.

     

    C.Henry C.W. Nisser

     

    (a) As of the date hereof, Mr. Nisser may be deemed to beneficially own 572,917 Shares, consisting of (i) 206,250 shares of Common Stock and (ii) 366,667 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

    Percentage: Less than 1%

     

    (b) 1. Sole power to vote or direct vote: 572,917

    2. Shared power to vote or direct vote: 0

    3. Sole power to dispose or direct the disposition: 572,917

    4. Shared power to dispose or direct the disposition: 0

     

    (c)Mr. Nisser has not entered into any transactions in the Shares during the past sixty days.

     

     12 
    CUSIP No. 26140E501

     

    D.Kenneth S. Cragun

     

    (a) As of the date hereof, Mr. Cragun may be deemed to beneficially own 217,708 Shares, consisting of (i) 50,000 shares of Common Stock and (ii) 167,708 shares of Common Stock underlying stock options currently exercisable or exercisable within 60 days.

     

    Percentage: Less than 1%

     

    (b) 1. Sole power to vote or direct vote: 217,708

    2. Shared power to vote or direct vote: 0

    3. Sole power to dispose or direct the disposition: 217,708

    4. Shared power to dispose or direct the disposition: 0

     

    (c)Mr. Cragun has not entered into any transactions in the Shares during the past sixty days.

     

    E.Ault Alpha

     

    (a) As of the date hereof, Ault Alpha owned directly 42,680,357 Shares.

     

    Percentage: 12.90%

     

    (b)1. Sole power to vote or direct vote: 0

    2. Shared power to vote or direct vote: 42,680,357

    3. Sole power to dispose or direct the disposition: 0

    4. Shared power to dispose or direct the disposition: 42,680,357

     

    (c) Other than the transactions in the Shares by Ault Alpha as previously disclosed or as set forth on Schedule B and incorporated herein by reference, Ault Alpha has not entered into any transactions in the Shares during the past sixty days.

     

    F.Ault Alpha GP

     

    (a) As of the date hereof, Ault Alpha GP may be deemed to beneficially own 42,680,357 Shares, consisting of the Shares owned directly by Ault Alpha. Ault Alpha GP may be deemed to beneficially own the Shares owned directly by Ault Alpha by virtue of its relationship with such entity described in Item 2.

     

    Percentage: 12.90%

     

    (b)1. Sole power to vote or direct vote: 0

    2. Shared power to vote or direct vote: 42,680,357

    3. Sole power to dispose or direct the disposition: 0

    4. Shared power to dispose or direct the disposition: 42,680,357

     

    (c)Ault Alpha GP has not entered into any transactions in the Shares during the past sixty days.

     

    G.Ault Capital Management

     

    (a) As of the date hereof, Ault Capital Management may be deemed to beneficially own 42,680,357 Shares, consisting of the Shares owned directly by Ault Alpha. Ault Capital Management may be deemed to beneficially own the Shares owned directly by Ault Alpha by virtue of its relationship with such entity described in Item 2.

     

     13 
    CUSIP No. 26140E501

     

    Percentage: 12.90%

     

    (b)1. Sole power to vote or direct vote: 0

    2. Shared power to vote or direct vote: 42,680,357

    3. Sole power to dispose or direct the disposition: 0

    4. Shared power to dispose or direct the disposition: 42,680,357

     

    (c)Ault Capital Management has not entered into any transactions in the Shares during the past sixty days.

     

    H.Philou Ventures

     

    (d)As of the date hereof, Philou Ventures may be deemed to beneficially own 7,872 Shares, consisting of (i) 3,408 shares of Common Stock, (ii) 2,232 shares of Common Stock underlying currently exercisable warrants held, and (iii) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held.

     

    Percentage: Less than 1%

     

    (e)1. Sole power to vote or direct vote: 0

    2. Shared power to vote or direct vote: 7,872

    3. Sole power to dispose or direct the disposition: 0

    4. Shared power to dispose or direct the disposition: 7,872

     

    (f)Philou Ventures has not entered into any transactions in the Shares during the past sixty days.

     

    I.Ault & Company

     

    (a) As of the date hereof, Ault & Company may be deemed to beneficially own 45,347,239 Shares, consisting of (i) 1,658,916 shares of Common Stock, (ii) 94 shares of Common Stock underlying currently exercisable warrants, (iii) 1,000,000 shares of Common Stock purchasable pursuant to a Securities Purchase Agreement entered into on June 11, 2021 with the Issuer, (iv) 42,680,357 shares of Common Stock held by Ault Alpha, (v) 3,408 shares of Common Stock held by Philou Ventures, (vi) 2,232 shares of Common Stock underlying currently exercisable warrants held by Philou Ventures, and (vii) 2,232 shares of Common Stock issuable upon the conversion of 125,000 shares of Series B Preferred Stock held by Philou Ventures. Ault & Company may be deemed to beneficially own the Shares owned directly by Ault Alpha by virtue of its relationships with such entities described in Item 2.

     

    Percentage: 13.66%

     

    (b)1. Sole power to vote or direct vote: 2,659,010

    2. Shared power to vote or direct vote: 42,688,229

    3. Sole power to dispose or direct the disposition: 2,659,010

    4. Shared power to dispose or direct the disposition: 42,688,229

     

     14 
    CUSIP No. 26140E501

     

    (c)Ault & Company has not entered into any transactions in the Shares during the past sixty days.

     

    The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

     

    (d)No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

     

    (e)Not applicable.

     

     15 
    CUSIP No. 26140E501

     

    SIGNATURES

     

    After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

     

    Dated: September 12, 2022

     

        AULT ALPHA LP

    /s/ Milton C. Ault, III

         
    MILTON C. AULT, III   By:

    /s/ Milton C. Ault, III

          Name: Milton C. Ault, III
          Title: CEO of Ault Capital Management LLC, the Managing Member of Ault Alpha GP LP, the General Partner

     

        AULT ALPHA GP LP

    /s/ William B. Horne

         
    WILLIAM B. HORNE   By:

    /s/ Milton C. Ault, III

          Name: Milton C. Ault, III
          Title: CEO of Ault Capital Management LLC, the Managing Member

     

        AULT CAPITAL MANAGEMENT LLC

    /s/ Henry C.W. Nisser

         
    HENRY C.W. NISSER   By:

    /s/ Milton C. Ault, III

          Name: Milton C. Ault, III
          Title: Chief Executive Officer

     

        AULT & COMPANY, INC.

    /s/ Kenneth S. Cragun

         
    KENNETH S. CRAGUN   By:

    /s/ Milton C. Ault, III

          Name: Milton C. Ault, III
          Title: Chief Executive Officer

     

        PHILOU VENTURES, LLC
           
        By:

    /s/ Milton C. Ault, III

          Name: Milton C. Ault, III
          Title: CEO of Ault & Company, Inc., the Managing Member

     

     16 
    CUSIP No. 26140E501

     

    SCHEDULE A

     

    Transactions in the Shares of Common Stock During the Last Sixty Days

     

    Milton C. Ault, III

     

    Nature of the Transaction Shares of Common Stock
    Purchased / (Sold)
    Price Per Share ($) Date of
    Transaction
    Purchase of Common Stock 10,000 0.30 08/23/2022
    Purchase of Common Stock 15,000 0.304 08/24/2022
    Purchase of Common Stock 17,000 0.3087 08/25/2022
    Purchase of Common Stock 52,000 0.293 08/26/2022
    Purchase of Common Stock 16,750 0.2968 08/30/2022
    Purchase of Common Stock 11,750 0.2961 08/31/2022
    Purchase of Common Stock 10,000 0.2889 09/01/2022
    Purchase of Common Stock 11,000 0.2867 09/07/2022

     

     17 
    CUSIP No. 26140E501

     

    SCHEDULE B

     

    Transactions in the Shares of Common Stock During the Last Sixty Days

     

    Ault Alpha LP

     

    Nature of the Transaction Shares of Common Stock
    Purchased / (Sold)
    Price Per Share ($) Date of
    Transaction
    Purchase of Common Stock 435,694 0.3086 08/23/2022
    Purchase of Common Stock 882,028 0.3119 08/29/2022
    Purchase of Common Stock 250,000 0.3089 08/30/2022
    Purchase of Common Stock 325,000 0.3102 08/31/2022
    Purchase of Common Stock 160,000 0.3102 09/01/2022
    Purchase of Common Stock 618,343 0.3057 09/06/2022
    Purchase of Common Stock 220,684 0.2938 09/07/2022
    Purchase of Common Stock 160,973 0.3057 09/08/2022

     

     

    18

     

     

    Get the next $NILE alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $NILE

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $NILE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Ault Milton C Iii bought $3,909 worth of 13% Series D Cumulative Redeemable Perpetual Preferred Stock (178 units at $21.96) (SEC Form 4)

      4 - Ault Alliance, Inc. (0000896493) (Issuer)

      12/4/23 4:30:17 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • Ault Milton C Iii bought $31,136 worth of shares (350,144 units at $0.09), increasing direct ownership by 115% to 6,539 units (SEC Form 4)

      4 - Ault Alliance, Inc. (0000896493) (Issuer)

      11/28/23 4:30:33 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • Ault Alliance, Inc. sold $300 worth of shares (25,000 units at $0.01) (SEC Form 4)

      4 - Ault Alliance, Inc. (0000896493) (Reporting)

      11/3/23 9:55:25 PM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    Financials

    Live finance-specific insights

    See more
    • Ault Alpha Has Purchased 50 Million Shares of Common Stock of BitNile Holdings, Inc.

      BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its related party, Ault Alpha, LP ("Ault Alpha"), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021. Ault Alpha purchases common stock of BitNile pursuant to a plan previously adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The 50 million shares of common stock represent approximately 13% of the Company as of today. "BitNile reported approximately $610 million in total assets as of September 30, 2022 and recently completed the acquisition of Circle 8,

      12/30/22 6:30:00 AM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile Holdings Announces Postponement of the Distribution of Securities of Imperalis Holding

      BitNile still intends to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), which was previously set for January 17, 2023, has been cancelled until further notice. On November 22, 2022, the Company's Board of Directors declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of TurnOnGreen, which represent approximately 81% of the outstanding s

      12/28/22 1:47:00 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile Holdings Announces Change of Record Date for Stock Distribution for Spinoff of Securities of Imperalis Holding

      Record Date Has Been Changed to January 17, 2023 with a distribution date of January 23, 2023 BitNile to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), has been changed to January 17, 2023. The Company's Board of Directors in November declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of TurnOnGreen, which represents approximately 81

      12/22/22 6:30:00 AM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Ault Alpha Has Purchased 50 Million Shares of Common Stock of BitNile Holdings, Inc.

      BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its related party, Ault Alpha, LP ("Ault Alpha"), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021. Ault Alpha purchases common stock of BitNile pursuant to a plan previously adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The 50 million shares of common stock represent approximately 13% of the Company as of today. "BitNile reported approximately $610 million in total assets as of September 30, 2022 and recently completed the acquisition of Circle 8,

      12/30/22 6:30:00 AM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile Holdings Announces Postponement of the Distribution of Securities of Imperalis Holding

      BitNile still intends to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), which was previously set for January 17, 2023, has been cancelled until further notice. On November 22, 2022, the Company's Board of Directors declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of TurnOnGreen, which represent approximately 81% of the outstanding s

      12/28/22 1:47:00 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile.com to Launch March 1, 2023

      BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that it plans to launch a next-generation marketplace, BitNile.com and "go live" March 1, 2023. BitNile.com is being developed as the premiere destination for exclusive goods and VIP experiences that readily can accept Bitcoin. BitNile.com's development is led by Douglas Gintz, the President and Chief Product Officer of BitNile, Inc. The Company invites shareholders and the public to register for the initial launch using this link, https://BitNile.com/. Those signing up prior to the launch will be granted a future reward with details to follow. Milton "Todd" Ault, III, the Compan

      12/27/22 6:30:00 AM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    SEC Filings

    See more
    • BitNile Holdings Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Ault Alliance, Inc. (0000896493) (Filer)

      2/16/24 4:30:41 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile Holdings Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Ault Alliance, Inc. (0000896493) (Filer)

      1/18/24 4:30:20 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile Holdings Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Ault Alliance, Inc. (0000896493) (Filer)

      1/12/24 4:45:18 PM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Ault Milton C Iii bought $3,909 worth of 13% Series D Cumulative Redeemable Perpetual Preferred Stock (178 units at $21.96) (SEC Form 4)

      4 - Ault Alliance, Inc. (0000896493) (Issuer)

      12/4/23 4:30:17 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • Ault Milton C Iii bought $31,136 worth of shares (350,144 units at $0.09), increasing direct ownership by 115% to 6,539 units (SEC Form 4)

      4 - Ault Alliance, Inc. (0000896493) (Issuer)

      11/28/23 4:30:33 PM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by BitNile Holdings Inc. (Amendment)

      SC 13D/A - Ault Alliance, Inc. (0000896493) (Subject)

      10/24/23 4:30:13 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • SEC Form SC 13G/A filed by BitNile Holdings Inc. (Amendment)

      SC 13G/A - Ault Alliance, Inc. (0000896493) (Filed by)

      2/13/23 8:45:43 AM ET
      $NILE
      Military/Government/Technical
      Industrials
    • SEC Form SC 13G filed by BitNile Holdings Inc.

      SC 13G - BitNile Holdings, Inc. (0000896493) (Filed by)

      12/21/22 6:01:02 AM ET
      $NILE
      Military/Government/Technical
      Industrials

    $NILE
    Leadership Updates

    Live Leadership Updates

    See more
    • BitNile Holdings Announces Results of Annual Meeting of Stockholders

      BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced the results of the Company's 2022 Annual Meeting of Stockholders (the "Meeting"), which was held today, November 23, 2022, at 9:00 a.m. PT, and at which time the nominees for election as directors set forth in Proposal 1 were each re-elected and Proposals 2, 3, 6 and 7 were each approved by the stockholders. Proposals 4 and 5 were not approved by the stockholders. At the Meeting, the stockholders voted upon and approved the following proposals as described in the Proxy Statement: Election of the seven director nominees named in the Proxy Statement to hold office until the next annual

      11/23/22 12:11:00 PM ET
      $NILE
      Military/Government/Technical
      Industrials
    • BitNile, Inc. to Launch Innovative Bitcoin Marketplace Platform Intended to Reimagine Cryptocurrency Transactions

      Company Appoints Veteran Developer Douglas Gintz as President and Chief Product Officer to Lead the Effort BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its subsidiary, BitNile, Inc. ("BNI"), has begun development of a Bitcoin-based marketplace platform ("Marketplace"), which expects to leverage blockchain and other emerging technologies. BNI believes that the Marketplace will reduce the complexity of transacting in Bitcoin and result in lower transaction fees than traditional e-commerce. The Marketplace, planned for release in the first half of 2023, will be a multi-vendor e-commerce platform supporting a wide array of

      10/13/22 6:30:00 AM ET
      $NILE
      Military/Government/Technical
      Industrials