Ault Disruptive Technologies Corporation’s Business Plan Accepted by NYSE American

Ault Disruptive Technologies Corporation, a special purpose acquisition company, announced today that its business plan to regain compliance with the NYSE American’s continued listing standards has been accepted. The NYSE American has granted the company a plan period through December 20, 2024, to meet the requirements.

In July 2023, Ault Disruptive Technologies Corporation received a notification from the NYSE American stating that it was not in compliance with the minimum requirements for publicly held shares and public stockholders. The company submitted a plan of compliance in August 2023, outlining its strategy to regain compliance by the specified deadline.

The acceptance of the plan by the NYSE American is a positive development for Ault Disruptive Technologies Corporation. It provides the company with an opportunity to work towards meeting the continued listing standards and avoid potential delisting procedures.

Ault Disruptive Technologies Corporation, incorporated in February 2021, is a blank check company with a focus on effecting a merger, capital stock exchange, asset acquisition, or similar business combination. The company aims to acquire businesses with innovative and emerging technologies, products, or services that have the potential to transform industries and make a significant impact on society.

While forward-looking statements were made in this press release, the company acknowledges that these statements are subject to various conditions beyond its control. The company will update these statements as required by law.

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Source: [Business Wire](https://www.businesswire.com/news/home/20231003025384/en/)