Hyperscale Data, Inc. Announces Final Results for Tender Offer
Rhea-AI Summary
Hyperscale Data (NYSE American: GPUS) announced final results of its cash tender offer to repurchase Class A common stock at $0.21 per share. Stockholders tendered 8,731,574 shares, all accepted, for an aggregate purchase price of about $1.83 million, representing 1.9% of outstanding shares.
The offer, which expired on June 8, 2026, was funded with existing cash and cash equivalents. Depositary Computershare will promptly pay for purchased shares and return any tendered but unpurchased shares.
Positive
- Company repurchased 8,731,574 shares of Class A stock at $0.21
- Total cash returned to shareholders of approximately $1.83 million
- Repurchased shares equal about 1.9% of Class A shares outstanding
- Tender offer funded entirely from existing cash and cash equivalents
Negative
- Maximum tender capacity was 23,809,523 shares, but 8,731,574 were purchased
- Cash balance reduced by approximately $1.83 million for the repurchase
News Market Reaction – GPUS
On the day this news was published, GPUS gained 3.61%, reflecting a moderate positive market reaction. Argus tracked a peak move of +8.6% during that session. Argus tracked a trough of -11.4% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $83.54M at that time.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the "Depositary"), a total of 8,731,574 shares of Class A common stock were validly tendered and not validly withdrawn, which includes shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the Offer, the Company accepted for purchase a total of 8,731,574 shares, for an aggregate purchase price of approximately
The Depositary will promptly pay for all shares accepted for purchase pursuant to the Offer using the Company's existing cash and cash equivalents and return all other shares tendered and not purchased.
Stockholders with questions about the Offer may contact Georgeson LLC, the information agent for the Offer at (877) 514-4861.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" regarding future events and our future results. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events, except as required by law. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.
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SOURCE Hyperscale Data Inc.