BitNile to change name to Ault Alliance; declares monthly preferred dividend of $0.2708333/share

Hyperscale Data, Inc.

Effective Jan 3, 2023, BitNile Holdings renames to Ault Alliance, Inc. via short-form merger under Delaware law.
Ticker symbol changes from NILE to AULT on NYSE American; no stockholder approval required.
Name change does not affect business, headquarters, management, or security holder rights.
Board declares monthly cash dividend of $0.2708333 per Series D Preferred share; record Dec 31, 2022, pay Jan 10, 2023.
Existing stock certificates with old name remain valid; new certificates issued upon exchange.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hyperscale Data, Inc.: Company will change its corporate name from BitNile Holdings, Inc. to Ault Alliance, Inc. via a short-form merger, effecting an amendment to the certificate of incorporation (effective 2023-01-03).

Change: charter amendment
Effective: 2023-01-03

Exact text from the filing

Effective January 3, 2023, BitNile Holdings, Inc., a Delaware corporation (the “ Company ”) will change its corporate name from BitNile Holdings, Inc., to Ault Alliance, Inc. (the “ Name Change ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Agreement and Plan of Merger (effective 2022-12-20).

Action: entry
Agreement: merger
Effective: 2022-12-20

Exact text from the filing

Effective January 3, 2023, BitNile Holdings, Inc., a Delaware corporation (the “ Company ”) will change its corporate name from BitNile Holdings, Inc., to Ault Alliance, Inc. (the “ Name Change ”). The Name Change will be effected through a parent/subsidiary short form merger pursuant to an Agreement and Plan of Merger dated December 20, 2022 but effective January 3, 2023 (the “ Merger Agreement ”).

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Source: SEC EDGAR

accession 0001214659-22-015175

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