secwatch.observer — SEC 8-K summary
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Issuer:     Ault Disruptive Technologies Corp (—)
CIK:        0001864032
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001214659-24-003024
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Disruptive Technologies extends SPAC deadline to Dec 2024, offers reverse redemption
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- Shareholders approved extension of business combination deadline from Feb 20, 2024 to Dec 20, 2024.
- 121,695 shares tendered for redemption; trust per-share value ~$11.72 as of Feb 15, 2024.
- Stockholders who elected redemption can reverse by Feb 20, 2024 via DWAC request to transfer agent.
- Sponsor holds 2,875,000 of 2,942,180 non-redeemed shares after extension approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864032/000121465924003024/0001214659-24-003024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864032/000121465924003024/z2152448k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-003024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer