Ault Disruptive Technologies Corporation, a special purpose acquisition company, announced that in view of the unusual activity in the Company’s stock, the NYSE American, LLC (the “NYSE”) has contacted the Company in accordance with the NYSE’s usual practice and recommended that the Company respond by news release to the unusual activity.
Ordinarily, it is the Company’s policy not to comment on market activity or rumors. However, the Company did confirm to the NYSE that it is not aware of any material corporate developments or material, undisclosed information and in fact has not issued a press release or otherwise made any public statement since February 16, 2024, which the Company does not believe could account for the today’s unusual trading activity in its shares, whether the increased price or the significantly higher trading volume. No investor or potential investor should expect the Company to consistently and routinely issue press releases such as this that simply confirm what the Company does not know. However, the Company will promptly meet its disclosure obligations as required under the NYSE American Company Guide.