ault alliance inc has set an april 20 record date for its previously announced special dividend of 140 million shares of its electric vehicle unit imperalis holdings corp a payment date for the dividend will be announced once final regulatory approval has been obtained the dividend includes 140 million shares of imperalis shares warrants to purchase an additional 140 million imperalis shares and 7 million shares of electronic equipment maker gigatronics inc another business unit the gigatronics shares are beneficially owned by ault alliance a previously planned record date of jan 17 for the dividend had been canceled in late december the company in february said it would proceed with the special dividend again after it had been renamed to ault alliance from bitnile holdings inc the las vegasbased diversified holding company had planned last year to spin off imperalis securities rename the unit turnongreen inc and declare a special dividend for 140 million imperalis shares to be distributed to bitnile shareholders executive chairman milton ault iii said at the time that the delay was driven by unforeseen obstacles in having the registration statement declared effective coupled with the challenge of a dividend that may be deemed close in value to the current market capitalization of the company shares of ault alliance rose 64 to 11 cents in premarket trading monday shares of imperalis are flat at 6 cents