Ault Global Completes $200M At-The-Market Capital Raise

November 19, 2021 7:54 AM | 1 min read | Make a Comment

Ault Global Holdings Inc DPW completed the "at-the-market" equity offering program under which it sold shares of its common stock for aggregate gross proceeds of $200 million, at an average price of $3.81 per share.
The company offered the shares through Ascendiant Capital Markets, LLC, in its capacity as the sales agent.
The company intends to use net proceeds for expansion of its data center business and Bitcoin mining operations, financing of possible acquisitions of companies and/or technologies, financing of its emerging electric vehicle charger and energy storage business, investments through its California licensed finance lender, and general corporate purposes.
Price Action: DPW shares are trading higher by 14.12% at $2.02 during the premarket session on Friday.

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