0001214659-22-002427.txt : 20220211 0001214659-22-002427.hdr.sgml : 20220211 20220211175144 ACCESSION NUMBER: 0001214659-22-002427 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220211 DATE AS OF CHANGE: 20220211 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AULT MILTON C III CENTRAL INDEX KEY: 0001212502 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41171 FILM NUMBER: 22623198 MAIL ADDRESS: STREET 1: 15641 RED HILL AVENUE, SUITE 200 CITY: TUSTIN STATE: CA ZIP: 92780 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ault Disruptive Technologies Corp CENTRAL INDEX KEY: 0001864032 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 862279256 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 11411 SOUTHERN HIGHLANDS PKWY 240 CITY: LAS VEGAS STATE: NV ZIP: 89141 BUSINESS PHONE: (949) 444-5464 MAIL ADDRESS: STREET 1: 11411 SOUTHERN HIGHLANDS PKWY 240 CITY: LAS VEGAS STATE: NV ZIP: 89141 5 1 ownership.xml X0306 5 2021-12-31 0 0 1 0001864032 Ault Disruptive Technologies Corp ADRT 0001212502 AULT MILTON C III C/O AULT DISRUPTIVE TECHNOLOGIES CORP 11411 SOUTHERN HIGHLANDS PKWY, SUITE 240 LAS VEGAS NV 89141 1 0 1 0 Common Stock 2021-02-23 5 P 0 2875000 A 2875000 I By Ault Disruptive Technologies Company, LLC Common Stock 2021-12-16 4 P 0 L 1000 10.0262 A 2876000 I By Digital Power Lending, LLC Common Stock 2021-12-21 4 P 0 L 200 10.015 A 2876200 I By Digital Power Lending, LLC Warrants 11.50 2021-12-15 5 P 0 7100000 1.00 A Common Stock 7100000 7100000 I By Ault Disruptive Technologies Company, LLC Warrants 11.50 2021-12-16 4 P 0 L 750 10.0262 A Common Stock 750 7100750 I By Digital Power Lending, LLC Warrants 11.50 2021-12-21 4 P 0 L 150 10.015 A Common Stock 150 7100900 I By Digital Power Lending, LLC This Form 5 is being filed by Mr. Ault to correct his indirect ownership of shares of Common Stock and Warrants that are directly held by Ault Disruptive Technologies Company, LLC (the "Sponsor") and to reflect the purchases described in Tables I and II. This transaction reflects the shares of Common Stock purchased and held directly by the Sponsor, which were acquired pursuant to a Subscription Agreement by and among the Sponsor and the Issuer. The shares of Common Stock were purchased for a total sum of $25,000. The Sponsor is a wholly-owned subsidiary of BitNile Holdings, Inc. ("BitNile"). Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the shares directly held by the Sponsor. This transaction was executed in multiple trades at a per unit price ranging from $10.00 to $10.035. The price above reflects the weighted average sale price. The per unit price above reflects the total price per unit, each unit consisted of one share of Common Stock and three-fourths of one redeemable warrant ("Unit"). The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each price. Digital Power Lending, LLC ("DPL") is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by DPL. The price reflects the per Unit purchase price. This transaction reflects the Warrants purchased and held directly by the Sponsor, which were acquired pursuant to a private placement by and among the Sponsor and the Issuer. The Sponsor is a wholly-owned subsidiary of BitNile. Mr. Ault, the Executive Chairman of BitNile, is deemed to have voting and investment power with respect to the securities held of record by the Sponsor. This transaction is reflected in this Form 5 to correct and reflect Mr. Ault's indirect ownership of the Warrants directly held by the Sponsor. The Warrants may be exercised during the period commencing on the later of (A) the consummation by the Issuer of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a "Business Combination") or (B) December 15, 2022, and terminating at 5:00 p.m., New York City time, on the date that is five years after the consummation of the Issuer's initial Business Combination or earlier upon redemption or the liquidation of the Issuer. /s/ Milton C. Ault III 2022-02-11