Company Overview - Ault & Company has increased its controlling stake in Hyperscale Data, a company transitioning to focus solely on owning and operating data centers to support high-performance computing services [1] - Hyperscale Data is publicly traded on the NYSE American under the symbol GPUS [1] - Ault & Company's principal business is investing in securities, and it is actively enhancing its portfolio with investments in high-potential technology-driven enterprises [5][3] 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] - The ownership includes shares from Class A Common, Class B Common, Series C Preferred, Series G Preferred, and outstanding warrants [2] - The increased ownership resulted from receiving Class B Common as a dividend and recent purchases of Preferred Shares [2] Strategic Vision - The increased stake aligns with Ault & Company's strategic vision to expand its footprint in the data technology sector [3] - The company aims to contribute to Hyperscale Data's growth and leverage its resources to enhance capabilities in delivering data solutions [3] - Hyperscale Data is expected to broaden its service offerings under Ault & Company's strategic guidance [3] Regulatory and Informational Notes - Further details on 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] - The press release is for informational purposes only and does not constitute an offer to buy or sell securities [6]
Ault & Company, Inc. Announces an Increased Majority Stake in Hyperscale Data, Inc.