Group 1 - Ault Disruptive Technologies Corporation allows shareholders to reverse their redemption requests for common stock until February 20, 2024 [1] - The company proposed and approved an extension to complete a merger or similar business combination from February 20, 2024, to December 20, 2024 [2] - A total of 121,695 shares were requested for redemption, with a per-share pro rata portion of approximately $11.72 as of February 15, 2024 [2] Group 2 - Ault Disruptive Technologies Corporation is a blank check company focused on mergers and acquisitions, particularly in innovative and emerging technologies [3] - The company aims to acquire businesses with disruptive technologies that can achieve mainstream adoption and long-term value appreciation [3]
Ault Disruptive Technologies Announces Offer of Reverse Redemptions in Connection with Vote to Extend Period to Consummate its Initial Business Combination