Circle 8 Ranch

Ault Alliance Received a Dividend of $1.5 Million from its Subsidiary, Circle 8 Crane Services

Retrieved on:

Tuesday, August 8, 2023

Professional Services, Business, Other Professional Services, Other Construction & Property, Finance, Construction & Property, Acquisition, Investment, Circle 8 Ranch, III, NYSE, Circle, Airline

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) is pleased to announce that its indirect subsidiary, Circle 8 Crane Services LLC, a leading crane rental and lifting solutions provider (“Circle 8”), recently paid a cash dividend of $1.5 million to Ault Alliance.

Key Points:

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) is pleased to announce that its indirect subsidiary, Circle 8 Crane Services LLC, a leading crane rental and lifting solutions provider (“Circle 8”), recently paid a cash dividend of $1.5 million to Ault Alliance.
Ault Alliance acquired the assets of Circle 8 in December 2022, and the cash dividend from Circle 8 to Ault Alliance has reinforced the Company’s financial position.
The addition of Circle 8 to Ault Alliance’s business portfolio has produced positive results in less than nine months, a testament to the commitment and efficiency of Circle 8’s management team, whose performance has significantly exceeded Ault Alliance’s projections when it decided to make the acquisition.
Milton “Todd” Ault, III, the Company’s Executive Chairman, expressed his satisfaction with the results, stating, “We could not be more pleased with the acquisition of Circle 8.

Ault Alliance Forecasts $200 Million Revenue for 2023 in Mid-Year Update

Retrieved on:

Monday, June 5, 2023

Technology, Finance, Fintech, Professional Services, Metaverse, Software, Blockchain, Data Management, Cryptocurrency, Web3, Bitcoin, Washington Marriott Marquis, Growth, Central U.S. hardwood forests, NYSE, Circle, Circle 8 Ranch, Security (finance)

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), today provided a mid-year update forecasting a promising outlook for the remainder of 2023.

Key Points:

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), today provided a mid-year update forecasting a promising outlook for the remainder of 2023.
Ault Alliance anticipates a considerable surge in revenue for 2023, projecting revenue of approximately $200 million, a significant uptick from the previous year’s $134 million.
Ault Alliance expects that Ault Lending, a licensed lender in California, will contribute significantly to revenue growth and bottom-line improvements for the second half of 2023 and beyond.
“We are excited about the progress we have made so far in 2023,” said Executive Chairman, Milton “Todd” Ault III of Ault Alliance.

Ault Alliance’s Subsidiary, Circle 8, Expands Leadership Team With Appointment of Crane Industry Veteran Arnold Mabee as CEO

Retrieved on:

Thursday, April 6, 2023

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), announced today that its indirect subsidiary, Circle 8 Newco, LLC, a leading crane rental and lifting solutions provider (“Circle 8”), has appointed Arnold Mabee as its new CEO.

Key Points:

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), announced today that its indirect subsidiary, Circle 8 Newco, LLC, a leading crane rental and lifting solutions provider (“Circle 8”), has appointed Arnold Mabee as its new CEO.
With over 30 years of operational and senior management experience, Mr. Mabee is a veteran in the crane services industry.
He previously served as President of Sterling Crane (USA), where he doubled the company’s revenue during his tenure.
“Circle 8 is a great company with enormous potential, and I am excited to join the team and drive the business forward to its full potential,” said Mr. Mabee, CEO of Circle 8.

Ault Alpha Has Purchased 50 Million Shares of Common Stock of BitNile Holdings, Inc.

Retrieved on:

Friday, December 30, 2022

Professional Services, Data Management, Technology, Cryptocurrency, Finance, Digital Cash Management, Digital Assets, III, Acquisition, Executive, NYSE, NILE, Circle, Circle 8 Ranch, Security (finance), LP

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that its related party, Ault Alpha, LP (“Ault Alpha”), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021.

Key Points:

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that its related party, Ault Alpha, LP (“Ault Alpha”), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021.
Ault Alpha purchases common stock of BitNile pursuant to a plan previously adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
Ault Alpha intends to continue its purchase of common stock of BitNile if the current market conditions continue.
Ault Alpha anticipates adopting a new 10b5-1/10b-18 plan in the near future,” said Milton “Todd” Ault, III, the controlling person of Ault Alpha and the Executive Chairman of BitNile.

BitNile Holdings’ Subsidiary Announces the Closing of its Acquisition of the Assets of Circle 8 Crane Services

Retrieved on:

Monday, December 19, 2022

In particular, Circle 8 provided crane operators, engineering, custom rigging and transportation services for oilfield, construction, commercial and infrastructure markets.

Key Points:

In particular, Circle 8 provided crane operators, engineering, custom rigging and transportation services for oilfield, construction, commercial and infrastructure markets.
The Company’s Founder and Executive Chairman, Milton “Todd” Ault, III said, “We are very pleased to consummate this strategic acquisition.
We believe the Circle 8 acquisition provides a significant growth platform and furthers our strategy of investing in private equity opportunities that provide operating cash flow.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

BitNile Holdings’ Subsidiary Agrees to Purchase Assets of Circle 8 Crane Services

Retrieved on:

Friday, November 18, 2022

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (BitNile or the Company), announced today that Circle 8 Newco LLC (Circle 8 Newco), a newly formed indirect subsidiary of Ault Alliance, Inc. (Ault Alliance), a wholly owned subsidiary of the Company, has entered into an asset purchase agreement (the Agreement) with Circle 8 Crane Services LLC (Circle 8), providing for the acquisition of substantially all of Circle 8s operating assets (the Assets) and recapitalization of the business into Circle 8 Newco for an aggregate consideration of approximately $40 million (the Acquisition).

Key Points:

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (BitNile or the Company), announced today that Circle 8 Newco LLC (Circle 8 Newco), a newly formed indirect subsidiary of Ault Alliance, Inc. (Ault Alliance), a wholly owned subsidiary of the Company, has entered into an asset purchase agreement (the Agreement) with Circle 8 Crane Services LLC (Circle 8), providing for the acquisition of substantially all of Circle 8s operating assets (the Assets) and recapitalization of the business into Circle 8 Newco for an aggregate consideration of approximately $40 million (the Acquisition).
The Acquisition will be funded with $16 mm in cash and approximately $24 mm of asset-based debt will be assumed.
In particular, Circle 8 provides crane operators, engineering, custom rigging and transportation services for oilfield, construction, commercial and infrastructure markets.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Tropical Racing, Inc. Announces Closing Date for Its Current Regulation A, Tier 2 Offering

Retrieved on:

Wednesday, March 2, 2022

VERSAILLES, Ky., March 02, 2022 (GLOBE NEWSWIRE) -- Tropical Racing, Inc. ("Tropical Racing," the "Company"), a thoroughbred horse breeding and racing company, has announced a closing date of March 9, 2022, for its current Regulation A ("Reg A"), Tier 2 offering.

Key Points:

VERSAILLES, Ky., March 02, 2022 (GLOBE NEWSWIRE) -- Tropical Racing, Inc. ("Tropical Racing," the "Company"), a thoroughbred horse breeding and racing company, has announced a closing date of March 9, 2022, for its current Regulation A ("Reg A"), Tier 2 offering.
In 2019, Tropical Racing embarked to be more than a thoroughbred syndicate racing company.
In 2019, when Tropical Racing arrived in Kentucky, it had two broodmares and a few racehorses.
In March 2021, Tropical Racing's Reg A, Tier 2 offering was qualified by the United States Securities and Exchange Commission.The Company commenced selling efforts in the offering in May 2021.