Las Vegas, October 22nd / PRNewswire / -- Hyperscale Data, Inc. (New York Stock Exchange American Market: GPUS) is an artificial intelligence ( AI ) data center company. The company announced today that it has suspended the plan to issue shares at market price ( ATM ) as stipulated in its issuance and sales agreement. The agreement was signed on June 18, 2026, and revised on October 9, 2026. The parties to the agreement are the company and Spartan Capital Securities, LLC, with the latter acting as the sales agent. This suspension applies to the sale of the company's Class A common shares (with a par value of $0.001 per share) under the agreement.
The company stated that it has sold approximately 127.2 million ordinary shares through this ATM plan, raising a total of about 50.6 million US dollars, which amounts to approximately $0.3975 per share.
The company stated that in the future, it may assess capital market options at an appropriate time, with the decision being made in the best interests of the company and its shareholders.
This press release does not constitute an offer to sell or a solicitation for an offer to buy; in any state or other jurisdiction, it is illegal to sell common shares in such areas if such offers, solicitations, or sales are prohibited by the securities laws of that state or jurisdiction before registration or qualification is obtained in accordance with those laws.
For more information about Hyperscale Data and its subsidiaries, the company recommends that shareholders, investors, and other relevant parties read the public documents and press releases published under the Investor Relations section. The relevant content can be found at hyperscaledata.com or www.sec.gov.
Regarding Hyperscale Data, Inc.
Through its wholly-owned subsidiaries Sentinum, Inc, and Hyperscale Data, it owns and operates a data center that provides hosting and server hosting services for the emerging AI ecosystem as well as other industries. Another wholly-owned subsidiary of the company, Ault Capital Group and Inc ("ACG"), is a hybrid private equity firm and operating company that acquires, finances, builds, and actively manages businesses covering financial services, digital assets, industrial services, hospitality, defense technology, and other fields.
The divestiture of Hyperscale Data is currently expected to be completed in 2027 ("Divestiture"). Upon completion of the divestiture, the Company will become the owner and operator of high-performance computing service data centers, while also holding digital assets and the Company's third wholly-owned subsidiary, Omnipresent Robotics, LLC. Until the divestiture is completed, the Company will continue to provide key products supporting a diverse range of industries, including the AI software platform, equipment leasing services, defense/aerospace, industrial, automotive, and hospitality businesses, through ACG and its wholly-owned and holding subsidiaries, as well as strategic investments. In addition, ACG actively engages in private lending and structured finance businesses through its licensed lending subsidiaries Ault Lending and LLC. Hyperscale Data is headquartered in Room 190, 11411, Las Vegas, Nevada.
On December 23, 2024, the company issued 1 million newly designated Series F exchangeable preferred shares to all common shareholders and holders of Series C preferred shares that are convertible on a certain basis. The separation of ACG will be completed by voluntarily exchanging Series F preferred shares for Class A common shares and Class B common shares of ACG (collectively referred to as “ACG Shares”). The company reminds shareholders that only those holders of Series F preferred shares who agree to surrender these shares in this exchange offer and have not properly withdrawn their surrender rights will be entitled to receive ACG Shares upon completion of the separation, and thus become shareholders of ACG.
Forward-looking Statements
This press release contains “forward-looking statements” as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended). Such forward-looking statements typically include projections that depend on future events or conditions and use words such as “believes,” “plans,” “expects,” “projects,” “estimates,” “anticipates,” “intends,” “strategies,” “future,” “opportunities,” “possible,” “will,” “should,” “can,” “potential,” and similar phrases. Statements that are not historical facts are considered forward-looking statements. Forward-looking statements are based on current beliefs and assumptions and involve risks and uncertainties.
Forward-looking statements are only valid as of the date they are made, and the company has no obligation to publicly update any such statements due to new information or future events. Due to various factors, actual results may differ significantly from those contained in any forward-looking statements. Additional information that may affect the company's business and financial results, including potential risk factors, is included in the documents submitted by the company to the U.S. Securities and Exchange Commission, including but not limited to the company's 10-K, 10-Q, and 8-K forms. All documents can be found at www.sec.gov as well as on the company's website at hyperscaledata.com.
