Ault Inc. announces special dividend with record date of April 20

Ault Alliance hereby announces an update on its planned special dividend related to securities of Imperalis Holdings. The dividend will consist of 140 million shares of TurnOnGreen common stock and warrants to purchase an additional 140 million shares of TurnOnGreen common stock. The record date for the special dividend has been set for April 20, 2023. Stockholders who own the Company’s stock on that date will be eligible to receive the dividend. The Company is committed to providing this special dividend to its stockholders as a way to show its appreciation for their continued support. Please note that the terms of the special dividend, including the timing of the issuance of the shares and warrants, and the exercise price of the warrants, are not provided within this press release. Stockholders should refer to the Company’s official announcements or consult with their financial advisors for more information about the specifics of the dividend. The Company notes that the registration statement related to the proposed special dividend has not yet been declared effective by the Securities and Exchange Commission. The Company will announce the payment date of the planned dividend as it moves through the process of obtaining final regulatory approvals.