Core Viewpoint - Hyperscale Data, Inc. announces that Gresham Worldwide has received final court approval for its Chapter 11 reorganization plan, allowing it to emerge from bankruptcy on October 1, 2025, and is expected to contribute approximately $40 million in annual sales to the company [1][2][3] Group 1: Company Developments - Gresham Worldwide will be reconsolidated as a direct subsidiary of Hyperscale Data upon its emergence from bankruptcy, enhancing the company's diversified platform and supporting long-term growth [2] - The court-approved plan reflects extensive negotiations among creditors and stakeholders, positioning Gresham Worldwide with a stronger balance sheet and operational stability [3] Group 2: Financial Impact - The anticipated contribution of Gresham Worldwide is projected to be around $40 million in annualized sales, which will further strengthen Hyperscale Data's financial results [2] - The emergence from Chapter 11 is expected to provide Gresham Worldwide with renewed financial strength, enabling it to deliver meaningful revenue and long-term value for stockholders [3] Group 3: Future Plans - Hyperscale Data plans to divest Ault Capital Group, Inc. in the first quarter of 2026, which will allow the company to focus on owning and operating data centers and supporting high-performance computing services [6] - The divestiture will occur through the exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG, allowing stockholders to become shareholders of ACG [7]
Hyperscale Data Subsidiary Gresham Worldwide Receives Court Approval of Reorganization Plan; On Track to Emerge from Chapter 11 on October 1, 2025