Ault Inc. approves special dividend equivalent to 37c per share

Ault Inc. announced an update on its distribution related to securities of Imperalis Holding, d/b/a TurnOnGreen. In the second distribution, stockholders of the company will receive 15 shares of TurnOnGreen common stock and warrants to purchase 15 shares of TurnOnGreen common stock for each share of common stock of the company that they own on the record date. Based on closing price, the market value of the 15 shares of TurnOnGreen common stock would result in a dividend of approximately 37c per share. The record date for the Second Distribution has been set for July 24. Stockholders who own the company’s stock on that date will be eligible to receive the TOG Securities. The company has set a payment date of no later than August 7, subject to adjustment. The registration statement related to the Distribution has been declared effective by the SEC.