BitNile Holdings, Inc. (NYSEAM:NILE) agreed to spin-off Giga-tronics Incorporated (OTCPK:GIGA) on September 9, 2022. In related transactions, BitNile Holdings, intends to spin-off TurnOnGreen, Inc. and Ault Alliance, Inc. BitNile Holdings will host a conference call on October 17, 2022 to provide additional information on the planned spin-offs. The spin-offs, whether completed or planned, will upon completion result in the distribution of substantially all of the BitNile Holdings' nearly $600 million assets to its shareholders, who will become owners of four public companies.
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- BitNile Holdings, Inc. agreed to Spin-Off Giga-tronics Incorporated.