Ault Alliance, a diversified holding company announced the launch of its new FinTech offering via the Company’s online investing platform Monthlyincome.com, which provides opportunities for investors to purchase senior unsecured notes and earn fixed monthly income.
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Monthlyincome.com is a new FinTech platform created to provide both accredited and non-accredited investors the opportunity to earn monthly income through unique investment opportunities. Initially, the Company through the Monthlyincome.com platform will offer a range of investment instruments, including one-, three- and five-year senior unsecured notes paying annual interest at 7.0%, 8.5% and 10.5%, respectively. Ault Alliance will offer these senior notes directly through its Monthlyincome.com portal. For more information about the senior notes offering, interested parties are encouraged to visit Monthlyincome.com. Interested parties may also refer to the Ault Alliance prospectus supplement, pursuant to which the senior notes have been registered, filed with the Securities and Exchange Commission on September 1, 2023. The senior notes are a new issue of securities and the Company has no current plans to list the notes for trading or quotation on a securities exchange or market.
The long-term objective for Monthlyincome.com is to create a platform that connects investors with high-yield investment opportunities, which although not FDIC-insured like bank investments, are designed to provide fixed monthly returns higher than the best-paying bank savings accounts and certificates of deposit. Monthlyincome.com plans to expand its FinTech offerings across a multitude of sectors and verticals, including real estate, direct lending and private equity-like transactions. Utilizing the in-depth commercial lending experience of Ault Alliance’s subsidiary Ault Lending, LLC , Monthlyincome.com aims to build a diversified portfolio of high-income generating opportunities for customers. It is expected that Ault Lending will provide support for Monthlyincome.com in selecting the offerings through sourcing, underwriting, diligence and management of the eventual investments.
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Milton “Todd” Ault III, Executive Chairman of Ault Alliance, shared his excitement on the launch of Monthlyincome.com stating, “We could not be more excited for the launch of the Company’s new FinTech offering, Monthlyincome.com. We believe this platform will be uniquely situated to offer better overall interest rate returns to investors and we look forward to bringing new exciting opportunities to both accredited and non-accredited investors as Monthlyincome.com grows.”
Ault Alliance is not a bank, registered broker-dealer or investment adviser. Funds invested with Ault Alliance, including through the Monthlyincome.com platform, do not have FDIC or SIPC insurance, and could be lost if the investment fails. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section
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