Group 1 - Ault & Company has abandoned its planned cash tender offer to purchase up to 111,000 shares of Class A Common Stock of Hyperscale Data, Inc. to pursue a securities purchase agreement [1] - The company has the right to purchase up to $25 million in shares of Hyperscale Data's Series G Convertible Preferred Stock [1] - Ault & Company believes the current stock price of Hyperscale Data's Common Stock is below its long-term intrinsic value [2] Group 2 - Ault & Company may consider revisiting a tender offer after completing the purchase of the Preferred Shares, subject to board and regulatory approvals [2] - Ault & Company and its affiliates own approximately 91.7% of Hyperscale Data's outstanding shares of Common Stock [3] - The principal business of Ault & Company is investing in securities [3]
Ault & Company, Inc. Announces Abandonment of Dutch Tender Offer to Acquire Shares of Common Stock of Hyperscale Data, Inc.