Hyperscale Data, Inc. (NYSEAMERICAN: GPUS) Announces Distribution of Series F Exchangeable Preferred Stock

On November 26, 2024, Hyperscale Data, Inc., a Delaware corporation, declared a special one-time dividend consisting of one million shares of a newly designated Series F Exchangeable Preferred Stock. This distribution is planned for all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The record date for this dividend has been set for December 13, 2024, with a payment date scheduled for December 23, 2024.

In accordance with the distribution plan, holders of the Company’s stock on the record date will be eligible to receive the shares of Series F Preferred Stock. The Company anticipates approximately 7,211,194 shares of Eligible Capital Stock to be outstanding by the record date, with each share of Eligible Capital Stock entitling the holder to approximately 0.139 shares of Series F Preferred Stock.

The Series F Preferred Stock, carrying a $1.00 liquidation preference and without dividend payments, is designed to be exchangeable for shares of Class A and Class B Common Stock of Ault Capital Group, Inc., a subsidiary of Hyperscale Data, under certain conditions. The distribution has received approval from the NYSE American.

Upon effectuation of this distribution plan, Hyperscale Data’s business operations are anticipated to primarily revolve around its ownership of Sentinum, Inc., focusing on Bitcoin mining, High Power Computing, and AI operations.

The Company emphasized that the Series F Preferred Stock will not be publicly traded. Interested stockholders have been encouraged to refer to the official announcements or seek advice from financial advisors for more details about the special dividend.

This press release serves as an informational disclosure and does not constitute an offer for the sale or exchange of the Company’s common stock or any other securities. Furthermore, it clarifies that the Distribution is not intended for individuals in jurisdictions where such activity is prohibited.

For additional insights on Hyperscale Data and its subsidiaries, the Company suggests referencing its public filings and press releases available under the Investor Relations section at https://hyperscaledata.com/ or on www.sec.gov.

Forward-Looking Statements:

This announcement contains forward-looking statements as outlined in Sections 27A and 21E of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are predictive in nature and may involve future events or conditions. While these statements are made based on current views, they are subject to various risks and uncertainties, and the Company undertakes no obligation to update any forward-looking statements. For more detailed risk factors affecting the business, one can refer to the Company’s filings with the U.S. Securities and Exchange Commission.

Investor Relations Contact:

For inquiries related to Hyperscale Data, kindly reach out via email at [email protected] or call 1-888-753-2235.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ault Global’s 8K filing here.

Ault Global Company Profile

Ault Global Holdings, Inc engages in the design, development, manufacture, and sale of customized and flexible power system solutions for the medical, military, telecom, and industrial markets. It operates through the following segments: DPC, DPL, Enertec, Digital Farms, and I.AM. The DPC segment includes Microphase, Coolisys, Power-Plus, and DP Lending.