Ault Alliance, Inc. (NYSE:AULT), a diversified holding company (“Ault Alliance” or the “Company“), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding Corp, d/b/a TurnOnGreen, Inc. (“TurnOnGreen“), which was previously set for April 20, 2023, has been cancelled until further notice. On April 7, 2023, the Company’s Board of Directors declared a pro rata dividend to the stockholders of Ault Alliance of (i) 140 million shares of common stock of TurnOnGreen, which represent approximately 81% of the outstanding shares of TurnOnGreen common stock, and (ii) warrants to purchase an additional 140 million shares of TurnOnGreen common stock (the “Distribution Securities” and the transaction, the “Distribution“).
UN Task Force Rallies Again For Crypto ‘Travel Rule’ To Stem Money Laundering, Terrorism Financing
The United Nations Financial Action Task Force (FATF) has once again called on countries to implement the “travel rule” in order to combat money laundering and terrorism financing associated with cryptocurrencies.
