Ault Alliance (AULT) Does Not Intend to Consummate Any Acquisitions

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today it has determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments. Given the Company’s concentration on maximizing the value of its existing assets, it has taken proactive steps to reduce its total headcount, which are expected to save more than $2 million in payroll expenses for 2024.

This strategic shift underscores Ault Alliance’s commitment to maximizing the value of its existing assets, which include a robust data center operation, a thriving crane rental business, and its lending company. The Company is steadfast in its focus on optimizing these key assets and anticipates this will improve bottom-line results and efficiency.

“Our decision to pause the pursuit of new acquisitions is not just a strategic shift, but a deliberate focus on enhancing the value and potential of our existing portfolio,” said Milton “Todd” Ault III, Executive Chairman of Ault Alliance. “I am pleased by the inherent strength and future prospects of our assets. This decision is reflective of our enduring principle to build our businesses and underscores our unwavering commitment to creating lasting value for our stockholders. Our vision is clear: to optimize, strengthen, and elevate our core assets, ensuring that Ault Alliance is poised for sustained growth and success. We believe this path will lead us to deliver even superior outcomes for our stakeholders.”

For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.

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