Ault Alliance Subsidiary Secures $20 Million Contract

DENVER, Colo., Oct 9, 2023 ( Ault Alliance (AMEX: AULT) stated, this morning, that its majority-owned subsidiary, Giga-tronics, also known as Gresham Worldwide, was awarded a $20 million contract, from a major strategic customer to deliver high-performance, tailored electronic solutions for mission-critical applications, over a three year span.

Ault Alliance is trading at $0.405, up $0.133 (+48.9%), on 13.13M premarket shares traded.

Its 52-week range is $0.258 to $41.95. It’s trading just above a key inflection point, which will determine if it’s off or on.

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