Reverse Stock Split Details - The company announced a reverse stock split of its Class A Common Stock with a ratio of 1-for-35, effective on November 22, 2024 [1][3] - The reverse split was approved by stockholders at the annual meeting on June 28, 2024, with a ratio range of 1-for-2 to 1-for-35 [2] - Trading on a split-adjusted basis will begin on November 25, 2024, under a new CUSIP number [3] Impact of Reverse Stock Split - The reverse split affects all issued and outstanding shares, as well as shares available for issuance under equity incentive plans [4] - It reduces the number of shares issuable upon the exercise of stock options or warrants outstanding prior to the split [4] - The par value of the Common Stock remains unchanged at $0.001 per share [4] - Stockholders will not receive fractional shares; instead, they will receive cash payments for fractional shares [4] Company Overview - Hyperscale Data is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies [7] - The company operates a data center for Bitcoin mining and provides colocation and hosting services for AI ecosystems and other industries [7] - It offers mission-critical products across various industries, including social gaming, defense/aerospace, automotive, and medical/biopharma [7] - The company is also engaged in private credit and structured finance through a licensed lending subsidiary [7] Additional Information - Computershare Trust Company, N A, is acting as the exchange and transfer agent for the reverse split, providing instructions to stockholders with physical certificates [5] - Stockholders and investors are encouraged to review the company's public filings and press releases for more information [6]

LAS VEGAS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), today announced that it plans to issue a special one-time dividend of a newly designated 10% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred on an as-converted basis. The Series E Preferred Stock is expected to have a $25 stated value ...