Giga-tronics files to sell 6.88M shares of common stock

The company states: "This prospectus relates to the shares of common stock, no par value per share of Giga-tronics Incorporated , a California corporation (the "Company"), to be distributed as a dividend payable to the stockholders of record of common stock, par value $0.001 per share, of Ault Alliance, Inc., a Delaware corporation, at the close of business on 2023, the record date for the distribution, on the basis of one share of the Company’s common stock for approximately every 64 shares of Ault common stock, owned of record at the close of business on that date . No fractional shares of the Company’s common stock will be issued in the Distribution. In lieu of receiving fractional shares, holders who would otherwise be entitled to receive fractional shares of the Company’s common stock in the Distribution will receive cash for their fractional interests. For Ault stockholders who own Ault common stock in registered form, in most cases the transfer agent, acting as the distribution agent, will credit their shares of the Company’s common stock to book-entry accounts established to hold the Company’s common stock. The distribution agent will mail these stockholders a statement reflecting the Company’s common stock ownership on or about , 2023. For stockholders who own Ault common stock through a broker, bank or other nominee, their shares of the Company’s common stock will be credited to their accounts by that broker, bank or other nominee."