BitNile Holdings announced its plan to merge its wholly owned subsidiary, Ault Alliance, with and into BitNile. In connection with this upstream merger, the current AAI will disappear and the business of BitNile will continue as it is currently being conducted. Further, on January 3, 2023, the effective date of the merger, the company will change its name to Ault Alliance, and its ticker will be changed to "AULT."
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