REDEEMABLE NON-CONTROLLING INTERESTS IN EQUITY OF SUBSIDIARY LIABILITY |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
| Redeemable Non-controlling Interests In Equity Of Subsidiary Liability | ||||||||||||||||||||||||||||||||||||||||||||||
| REDEEMABLE NON-CONTROLLING INTERESTS IN EQUITY OF SUBSIDIARY LIABILITY | 18. REDEEMABLE NON-CONTROLLING INTERESTS IN EQUITY OF SUBSIDIARY LIABILITY
The Company previously recorded a redeemable non-controlling interest in the equity of its subsidiary, Ault Disruptive, to reflect the redeemable nature of its public shares. All such interests were redeemed during the year ended December 31, 2024, and no redeemable non-controlling interests remained outstanding as of December 31, 2024 or 2025.
Redemption of Shares
On September 27, 2024, Ault Disruptive announced that it would redeem all of its outstanding shares of common stock which occurred as of the close of business on October 11, 2024, because Ault Disruptive would not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended. During the year ended December 31, 2024, shares of Ault Disruptive common stock were redeemed for an aggregate redemption amount of $2.3 million.
The following table summarizes the changes in the Company’s redeemable non-controlling interests in equity of subsidiaries during the year ended December 31, 2024:
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