Ault Alliance, Inc., a diversified holding company, has successfully regained compliance with NYSE American’s continuous listing standards, according to a statement issued by the company. NYSE American had previously notified Ault Alliance of its default due to the low trading price of the company’s common shares.

The company’s return to compliance was achieved through management efforts, including a possible reverse stock split, which was suggested as a means of demonstrating sustained price improvement. As a result of these efforts, NYSE American has confirmed that Ault Alliance is now in full compliance with its continuing listing standards. The “.BC” designation will be removed from the “AAI” trading symbol effective the start of trading on July 5, 2023, and the company will also be removed from the list of non-NYSE compliant US issuers on the NYSE website. the bag.

Ault Alliance, Inc. is a diversified holding company seeking growth through the acquisition of undervalued businesses and disruptive technologies with global impact. The company owns and operates a data center where it mines Bitcoin and provides mission-critical products that support a wide range of industries. These include the metaverse platform, oil exploration, towing services, defense/aerospace, industrial, automotive, medical/biopharmaceutical, consumer electronics, hotel operations, and textiles. Ault Alliance also extends credit to select corporate businesses through a licensed lending subsidiary.

On June 26, the Ault Alliance provided an update on its Bitcoin mining and production operations. The company reported that approximately 19,000 miners are now active, delivering an operational hash rate of 2.1 exhashes per second.