Ault Alliance enters $10M at-the-market equity sales agreement with Ascendiant Capital

Hyperscale Data, Inc.

Agreement allows Ault Alliance to sell up to $10M of common stock through Ascendiant as agent.
Sales will be made under existing shelf registration statement (File No. 333-260618).
Company sets sale parameters: number of shares, time period, daily limit, minimum price.
Agent receives commission as per Schedule 2; settlement typically T+2.
No obligation to sell any minimum amount; either party may suspend or terminate.

Key facts

Extracted from this filing and checked against the source text.

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

Hyperscale Data, Inc. entered into Sales Agreement with Ascendiant Capital Markets, LLC valued at up to $10,000,000 (effective 2023-06-09).

Action: entry
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: up to $10,000,000
Effective: 2023-06-09

Exact text from the filing

On June 9, 2023, Ault Alliance, Inc. (the “ Company ”) entered into an At-the-Market Issuance Sales Agreement (the “ Sales Agreement ”) with Ascendiant Capital Markets, LLC, as sales agent (the “ Agent ”) to sell shares of its common stock, par value $0.001 (the “ Common Stock ”), having an aggregate offering price of up to $10,000,000 (the “ Shares ”) from time to time, through an “at the market offering” (the “ ATM Offering ”)

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Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-008393

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