NTN - Ault Global acquires 9.96% stake in NTN Buzztime

Ault Global ([[DPW]] -11.9%) purchased an aggregate of 295k shares of common stock or 9.96% equity interest in NTN Buzztime (NTN) at $3.42/share in the open market, for total gross proceeds of ~$1.01M.“We believe NTN’s assets, particularly its gaming assets and customer lists, are significantly undervalued by the transactions that NTN plans to put to a stockholder vote at the special meeting of stockholders scheduled for March 15, 2021. In our view, the best outcome for stockholders would be for NTN to be unable to obtain stockholder approval required to proceed with those transactions, so the Board of Directors and senior management will need to explore other options to derive the best value for stockholders from either the sale of these assets or other initiatives,” commented Milton “Todd” Ault, III, the Executive Chairman.

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Ault Global acquires 9.96% stake in NTN Buzztime