Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Ault Global Holdings, Inc.ex99_1.htm
EX-10.1 - EXHIBIT 10.1 - Ault Global Holdings, Inc.ex10_1.htm
8-K - Ault Global Holdings, Inc.s2162118k.htm

 

Exhibit 5.1

 

   

 

 

 

  February 17, 2021

 

Ault Global Holdings, Inc.

11411 Southern Highlands Parkway, Suite 240

Las Vegas, Nevada 89141

 

Ladies and Gentlemen:

 

We are acting as counsel for Ault Global Holdings, Inc. (formerly DPW Holdings, Inc.), a Delaware corporation (the “Company”), in connection with the issuance and sale of up to $125,000,000 of shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), of the Company, all of which are authorized but heretofore unissued shares to be offered and sold by the Company pursuant to the Registration Statement on Form S-3 (Registration No. 333-251995) (the “Registration Statement”), originally filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933 (the “Act”), on January 8, 2021, which became effective on January 20, 2021, as supplemented by the Prospectus Supplement dated January 25, 2021, and Amendment No. 1 to Prospectus Supplement dated February 17, 2021, relating to the offer and sale of the Shares (as so supplemented and amended, the “Prospectus”).

 

We have reviewed and are familiar with such documents, corporate proceedings and other matters as we have considered relevant or necessary as a basis for the opinions in this letter. Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and sold by the Company in the manner described in the Registration Statement and the Prospectus and in accordance with the resolutions adopted by the Board of Directors of the Company, will be validly issued, fully paid and nonassessable.

 

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Company’s Current Report on Form 8-K filed by the Company with the Commission on the date hereof and the incorporation thereof in the Registration Statement and to the use of our name under the caption “Legal Matters” in the Prospectus. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder.

 

  Very truly yours,
   
  /s/ Olshan Frome Wolosky LLP
   
  Olshan Frome Wolosky LLP