Ault Alliance Does Not Intend to Consummate Any Acquisitions as It Focuses on Maximizing the Value of Its Existing Assets
AULTAult Alliance(AULT) Businesswire·2024-02-07 19:30

LAS VEGAS--(BUSINESS WIRE)--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 shif ...