UUU - Ault Global Holdings sells 9.9% equity in Universal Security Instruments

Ault Global Holdings (DPW) +5.9% PM had sold 228,967 shares (as of Jan. 27) of common stock of Universal Security Instruments (UUU) +11% PM at a weighted average price of $10/share in the open market, for total gross proceeds of ~$2.29M.The Company owned no shares of Universal Security Instruments.Milton “Todd” Ault, III, the Executive Chairman, DPW: “As we outlined in December of 2017, we see a favorable opportunity to follow an activist strategy to add shareholder value. We announced our initial ownership stake in Universal Security Instruments in December 2020, and with the recent sale of our position, we realized a gain of approximately $1.6 million. We expect our activist strategy will be an important part of our business model going forward.”Press Release

For further details see:

Ault Global Holdings sells 9.9% equity in Universal Security Instruments