14,666,667 shared were sold in the offering. Either someone besides Kenneth Cragun had previous shares, or they bought a few more in the offering.
"Initial Filing. Current Rule 13d-1(c) requires a Passive Investor to file its initial Schedule 13G within 10 days after acquiring more than 5 percent percent beneficial ownership of the covered class."
Milton Ault was the CEO Ault & Company, Inc & now the Executive Chairman of BitNile Holdings, Inc.,
"Ault Global Holdings, Inc. (the "Company"
to change its name to BitNile Holdings, Inc. and stock symbol to NILE by the end of 2021; Company to reorganize operations into two primary subsidiaries, BitNile, Inc.Nov 22, 2021"
BitNile Holdings, Inc. - 5,333,334
Digital Power Lending, LLC, - 5,333,334
Milton C. Ault, III - 5,333,334
Kenneth S. Cragun - 259,590
https://bitnile.com/about-us/
https://digitalpowerlending.com/
https://www.linkedin.com/in/miltontoddault/
https://www.linkedin.com/in/kencragun/
BitNile and Todd Ault must be very confident in Verb, but maybe there is something else going on, eh?
Rory did mention another acquisition, but he didn't say anything beyond that.
Could it be? Not seeing the connection myself. BitNile is a beat'n down stock like every other one. Did $52M of revenue and get this. Their market cap is $85M AND they have total assets of $490.3 million.
Well the day before the offering PR, they did announce
"VERB’s MARKET Platform Now Supports Secure Sales of NFTs Built on Blockchain Technology Through Livestream Shopping Events"
But wait, there is more...
BitNile completed the IPO of Ault Disruptive Technologies Corporation, a special purpose acquisition company, ending the year with $116.7 million cash and marketable securities held in trust.
Ault Disruptive Technologies Corporation Announces Closing of $115 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
December 20, 2021
"The Company intends to focus on opportunities to acquire companies with innovative, emerging and disruptive technologies , products or services that have the potential to transform major industries and that have an aggregate enterprise value of approximately $200 million to $500 million and would benefit from access to public markets and the operational and strategic expertise of the company’s management team and board of directors."
https://www.businesswire.com/news/home/202112...ent-Option
Ahhh, now we know why 3i wasn't in this picture. Seems very positive to me...
BitNile Holdings Reports 2021 Year-End Results
The Company Grows Revenue by 120% to $52 Million and Ends the Year with $490 Million in Assets
https://www.businesswire.com/news/home/202204...nd-Results
"Initial Filing. Current Rule 13d-1(c) requires a Passive Investor to file its initial Schedule 13G within 10 days after acquiring more than 5 percent percent beneficial ownership of the covered class."
Milton Ault was the CEO Ault & Company, Inc & now the Executive Chairman of BitNile Holdings, Inc.,
"Ault Global Holdings, Inc. (the "Company"
to change its name to BitNile Holdings, Inc. and stock symbol to NILE by the end of 2021; Company to reorganize operations into two primary subsidiaries, BitNile, Inc.Nov 22, 2021" BitNile Holdings, Inc. - 5,333,334
Digital Power Lending, LLC, - 5,333,334
Milton C. Ault, III - 5,333,334
Kenneth S. Cragun - 259,590
https://bitnile.com/about-us/
https://digitalpowerlending.com/
https://www.linkedin.com/in/miltontoddault/
https://www.linkedin.com/in/kencragun/
BitNile and Todd Ault must be very confident in Verb, but maybe there is something else going on, eh?
Rory did mention another acquisition, but he didn't say anything beyond that.
Could it be? Not seeing the connection myself. BitNile is a beat'n down stock like every other one. Did $52M of revenue and get this. Their market cap is $85M AND they have total assets of $490.3 million.
Well the day before the offering PR, they did announce
"VERB’s MARKET Platform Now Supports Secure Sales of NFTs Built on Blockchain Technology Through Livestream Shopping Events"
But wait, there is more...
BitNile completed the IPO of Ault Disruptive Technologies Corporation, a special purpose acquisition company, ending the year with $116.7 million cash and marketable securities held in trust.
Ault Disruptive Technologies Corporation Announces Closing of $115 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
December 20, 2021
"The Company intends to focus on opportunities to acquire companies with innovative, emerging and disruptive technologies , products or services that have the potential to transform major industries and that have an aggregate enterprise value of approximately $200 million to $500 million and would benefit from access to public markets and the operational and strategic expertise of the company’s management team and board of directors."
https://www.businesswire.com/news/home/202112...ent-Option
Ahhh, now we know why 3i wasn't in this picture. Seems very positive to me...
BitNile Holdings Reports 2021 Year-End Results
The Company Grows Revenue by 120% to $52 Million and Ends the Year with $490 Million in Assets
https://www.businesswire.com/news/home/202204...nd-Results
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