Ankündigung • Sep 28
Ault Disruptive Technologies Expects NYSE American to File Form 25 with the United States Securities and Exchange Commission to Delist Its Securities Ault Disruptive Technologies Corporation announced that its board of directors (the “Board”) has determined to redeem all of its outstanding shares of common stock, par value $0.001 per share (the “public shares”) because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. The estimated per-share redemption price for the public shares will be approximately $11.18 (the “Redemption Amount”). The last day that the Company’s securities will trade on the New York Stock Exchange American (the “NYSE American”) is expected to be October 10, 2024. Effective as of the close of business on October 11, 2024, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The Redemption Amount will be payable to the holders of the public shares upon presentation of their respective stock or unit certificates or other delivery of their shares or units to the Company’s transfer agent, Continental Stock Transfer & Trust Company. Beneficial owners of public shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants (including the private placement warrants owned by the Company’s sponsor), which will expire worthless. The Company’s sponsor has waived its redemption rights with respect to the outstanding shares of Common Stock. After October 11, 2024, the Company shall cease all operations except for those required to wind up the Company’s business. The Company expects that the NYSE American will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist its securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. Ankündigung • Aug 15
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 08/14/2024, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Aug 09
Ault Disruptive Technologies Corporation, Annual General Meeting, Sep 06, 2024 Ault Disruptive Technologies Corporation, Annual General Meeting, Sep 06, 2024. Ankündigung • Jun 25
Giga-tronics Incorporated (OTCPK:GIGA) entered into a definitive agreement to acquire Ault Disruptive Technologies Corporation (NYSEAM:ADRT) in a transaction valued at an estimated pro forma enterprise value of approximately $83 million. Giga-tronics Incorporated (OTCPK:GIGA) entered into a definitive agreement to acquire Ault Disruptive Technologies Corporation (NYSEAM:ADRT) in a transaction valued at an estimated pro forma enterprise value of approximately $83 million on June 24, 2024. The Boards of Directors of both Gresham and Ault Disruptive have unanimously approved the proposed Transaction, which is subject to customary closing conditions, including receipt of all regulatory approvals, as well as the approval of the proposed Transaction by Gresham's and Ault Disruptive's stockholders. The closing of the transaction is anticipated to occur in the fourth quarter 2024. A.G.P./Alliance Global Partners is serving as financial advisor to Ault Disruptive. Olshan Frome Wolosky LLP is serving as legal advisor to Ault Disruptive, and Nason, Yeager, Gerson, Harris & Fumero, P.A. is serving as legal advisor to Gresham. Ankündigung • May 17
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 05/15/2024, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Apr 02
Ault Disruptive Technologies Corporation announced delayed annual 10-K filing On 04/01/2024, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$13.47, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 19x in the Capital Markets industry in the US. Total returns to shareholders of 29% over the past year. Board Change • Feb 14
High number of new directors Independent Director Robert Smith was the last director to join the board, commencing their role in 2021. Ankündigung • Dec 20
Ault Disruptive Technologies Corporation, Annual General Meeting, Dec 29, 2023 Ault Disruptive Technologies Corporation, Annual General Meeting, Dec 29, 2023, at 14:00 US Eastern Standard Time. Agenda: To re-elect two directors named in the Proxy Statement to the Company’s board of directors, with each such director to serve as “Class I” directors to hold office for a term of three years or until their successors shall have been elected and qualified; to ratify the appointment of Marcum LLP, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; and to approve the adjournment of the Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Meeting, there are not sufficient votes to approve any of the other proposals before the Meeting. Ankündigung • Dec 07
Ault Disruptive Technologies Corporation Announces Resignation of Mark Gustafson as a Director On December 1, 2023, Mark Gustafson notified Ault Disruptive Technologies Corporation of his decision to resign as a director of the Company, effective December 1, 2023, for personal reasons. Ankündigung • Nov 15
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 11/14/2023, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Oct 05
Ault Disruptive Technologies Announces Acceptance of Compliance Plan by NYSE American and NYSE American Grants Plan Period Through December 20, 2024 Ault Disruptive Technologies Corporation (the ‘company’) announced that the NYSE American (the ‘Exchange’) has accepted the company’s business plan to regain compliance with the Exchange’s continued listing standards as set forth in Sections 1003(b)(i)(A) and (B) of the NYSE American Company Guide (the ‘Company Guide’). As previously reported, on July 21, 2023, the Company received notification (the ‘Letter’) from the Exchange that it was not in compliance with the continued listing standards set forth in the Company Guide. Specifically, the Letter indicated that the Company was not in compliance with Sections 1003(b)(i)(A) and 1003(b)(i)(B) of the Company Guide, which requires a listed company to maintain a minimum of 200,000 shares publicly held and a minimum of 300 public stockholders on a continuous basis, respectively. The Company submitted a plan of compliance (the ‘Plan’) to the Exchange on August 18, 2023, addressing how the Company intends to regain compliance with these requirements by December 20, 2024. On September 27, 2023, the Company received notice from the Exchange that it had accepted the Plan and granted a plan period through December 20, 2024, to regain compliance with the continued listing standards. If the Company is not in compliance with the continued listing standards by that date or if the Company does not make progress consistent with the Plan during the plan period, the Exchange may commence delisting procedures. Ankündigung • Jul 24
Ault Disruptive Technologies Announces Notice of Non-Compliance with NYSE American Listing Standards Ault Disruptive Technologies Corporation announced that on July 19, 2023, the company received a written notice from the staff of NYSE Regulation of the New York Stock Exchange (‘NYSE’) indicating that the Company is not currently in compliance with (i) Section 1003(b)(i)(A) of the NYSE American LLC (‘NYSE American’) Company Guide (the ‘Company Guide’), which requires the Company to maintain a minimum of 200,000 shares publicly held on a continuous basis (the ‘Minimum Public Float’), and (ii) Section 1003(b)(i)(B) of the Company Guide, which requires the Company to maintain a minimum of 300 public stockholders on a continuous basis (the ‘Minimum Public Holders’). According to the Letter and in accordance with Section 1009 of the Company Guide, the Company has 30 calendar days from the date of the Letter, or until August 18, 2023, to submit a plan advising of actions it has taken or will take to regain compliance with the Minimum Public Float and Minimum Public Holders requirements by December 20, 2024. If the Company’s compliance plan is accepted by NYSE, then the Company would be subject to periodic reviews including quarterly monitoring for compliance with the plan. If the Company does not submit a plan, if NYSE does not accept the Company’s plan, if the plan is accepted but the Company is not in compliance with the continued listing standards by December 20, 2024, or if the Company does not make progress consistent with the plan during the plan period, then the Company’s common stock will be subject to delisting. The Company would have the opportunity to appeal that decision in accordance with Section 1020 and Part 12 of the Company Guide. The Company intends to submit to NYSE a plan to regain compliance with the Minimum Public Float and Minimum Public Holders requirements. However, there can be no assurance that the Company will be able to satisfy the NYSE American’s continued listing requirements, regain compliance with the Minimum Public Float and Minimum Public Holders requirements, or maintain compliance with the other listing requirements. The Letter has no immediate effect on the listing or trading of the Company’s common stock and units on the NYSE American, which currently trade under the symbols ‘ADRT’ and ‘ADRTU’, respectively, subject to the Company’s compliance with the Letter and other continued listing requirements of the NYSE American. Release of this information is required by Sections 402(g) and 1009(j) of the Company Guide. Ankündigung • May 16
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 05/15/2023, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Nov 15
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 11/14/2022, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Aug 27
Ault Disruptive Technologies Regains Compliance with the NYSE American Continued Listing Requirements As previously reported in a Form 12b-25 Notification of Late Filing filed by Ault Disruptive Technologies Corporation (the "Company") on August 15, 2022, the Company was delayed in filing with the Securities and Exchange Commission (the "SEC") its Quarterly Report on Form 10-Q for the period ended June 30, 2022 (the "Form 10-Q") without unreasonable effort or expense. On August 23, 2022, in accordance with standard procedures related to the delayed filing of the Form 10-Q with the SEC, the Company received a notice of noncompliance (the "Notice") from NYSE American LLC ("NYSE American", or the "Exchange") stating that the Company is subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the "Company Guide"). The Company Guide provides the Company with five (5) days from the date of the Notice to (a) contact the Exchange to discuss the status of the Form 10-Q and (b) issue a press release disclosing the occurrence of the filing delinquency, the reason therefor, and, if known, the anticipated date on which the Form 10-Q will be filed. The Company regained compliance with the NYSE American continued listing requirements as a result of filing the Form 10-Q later on August 23, 2022. Consequently, the Notice will have no effect on the listing or trading of the Company's securities on the Exchange. Ankündigung • Aug 16
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 08/15/2022, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • May 17
Ault Disruptive Technologies Corporation announced delayed 10-Q filing On 05/16/2022, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Apr 01
Ault Disruptive Technologies Corporation announced delayed annual 10-K filing On 03/31/2022, Ault Disruptive Technologies Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. 