Core Insights - Ault & Company has increased its controlling stake in Hyperscale Data, Inc., which is transitioning to focus solely on data center operations for high-performance computing services [1] - The acquisition reflects Ault & Company's commitment to investing in emerging technologies that shape the future of data infrastructure [1] Ownership Details - As of January 3, 2025, Ault & Company beneficially owned 13,900,765 shares of Hyperscale Data's Class A Common stock, representing 91.7% ownership [2] - This ownership includes various shares from Class B Common, Series C Preferred, Series G Preferred, and outstanding warrants [2] Strategic Vision - The increase in stake aligns with Ault & Company's strategic vision to expand its presence in the data technology sector [3] - Ault & Company aims to enhance Hyperscale Data's capabilities and service offerings through this acquisition [3] Regulatory Filings - Further details regarding Ault & Company's ownership of Hyperscale Data can be found in the Schedule 13D/A Amendment No. 9 filed with the U.S. Securities and Exchange Commission on January 6, 2025 [4]
Ault & Company, Inc. Announces an Increased Majority Stake in Hyperscale Data, Inc.