DPW - Ault Global completes $200M at-the-market equity offering

Ault Global (NYSE:DPW) has completed its $200M at-the-market equity offering. The company sold shares of its common stock at an average price of $3.81 per share, for aggregate gross proceeds of $200M. Net proceeds from the offering will be used for expansion of its data center business and Bitcoin mining operations, inclusive of purchases of recently announced Antminers from Bitmain; financing of possible acquisitions of companies and/or technologies; financing of its emerging electric vehicle charger and energy storage business; investments through its California licensed finance lender; and working capital and general corporate purposes. Milton Ault, III, the company’s Executive Chairman, stated, "In 2017, we outlined a plan, and we believe we have delivered and continue to execute on that plan. We have worked to drive long-term revenue growth and improved bottom-line results. In addition, we have achieved our goal of eliminating much of our debt directly from proceeds from the

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Ault Global completes $200M at-the-market equity offering