Ault Disruptive Technologies Company, LLC - Dec 20, 2021 Form 4 Insider Report for Ault Disruptive Technologies Corp (ADRT)

Role: 10%+ Owner
Signature: /s/ Henry C.W. Nisser, as Manager of Ault Disruptive Technologies Company, LLC
Stock symbol: ADRT
Transactions as of: Dec 20, 2021
Transactions value $: $7,100,000
Form type: 4
Date filed: 12/22/2021, 03:54 PM
Previous filing: Dec 22, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ADRT	Warrants to purchase common stock	Purchase	$7.1M	+7.1M		$1.00^*	7.1M	Dec 20, 2021	Common Stock	5.33M	$11.50	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Ault Disruptive Technologies Company, LLC purchased from the Issuer an aggregate of 7,100,000 private warrants, at $1.00 per private warrant, with each warrant exercisable for three-fourths of one share of common stock at an exercise price of $11.50 per whole share of common stock. The private warrants were purchased pursuant to a private placement simultaneously with the consummation of the Issuer's initial public offering.
F2	The private warrants will become exercisable on the later of (i) one year after the date that the Issuer's registration statement for its initial public offering was declared effective by the U.S. Securities and Exchange Commission, which is December 15, 2022 and (ii) the consummation of the Issuer's business combination. The private warrants will expire on the fifth anniversary following the consummation of the Issuer's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

Content

Ault Disruptive Technologies Company, LLC purchased from the Issuer an aggregate of 7,100,000 private warrants, at $1.00 per private warrant, with each warrant exercisable for three-fourths of one share of common stock at an exercise price of $11.50 per whole share of common stock. The private warrants were purchased pursuant to a private placement simultaneously with the consummation of the Issuer's initial public offering.

The private warrants will become exercisable on the later of (i) one year after the date that the Issuer's registration statement for its initial public offering was declared effective by the U.S. Securities and Exchange Commission, which is December 15, 2022 and (ii) the consummation of the Issuer's business combination. The private warrants will expire on the fifth anniversary following the consummation of the Issuer's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.