Ault Incorporated Listed on Nasdaq National Market; Trading to Commence October 30.MINNEAPOLIS--(BUSINESS WIRE)--Oct. 30, 1996-- Ault Incorporated today announced that it will commence trading on the Nasdaq National Market this morning under the symbol AULT. The Company previously traded on the Nasdaq Small-Cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock market. Ault announced on Tuesday the filing of a registration statement with the Securities and Exchange Commission for a public offering of 1,800,000 shares of common stock. Ault is the largest independent manufacturer of external power conversion products based in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and is a leading supplier of these products to original equipment manufacturers of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , computer peripherals and medical equipment. CONTACT: Ault Incorporated Carlos Montague 612/493-1900 |
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