Ault Alliance announced that it has entered into a service agreement with Shareholder Intelligence Services to assist the company to determine if there is illegal short selling activities in its common stock. ShareIntel will utilize its patented process called DRIL-Down, a compliance driven service-as-a-software program designed for public companies to track stockholder ownership and monitor critical broker-dealer and stockholder movement, to investigate and report on potential illegal naked short selling activities of the company’s stock. ShareIntel will aggregate and analyze repository data from reporting entities, broker-dealers and stockholders, enabling the company to identify parties to possible aberrant or unusual trading activity and assist the company to deploy corrective action steps to help curtail such activity.
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