Hyperscale Data Announces Suspension of Its At-the-Market Offering
Shares sold through the offering had an average gross proceeds amount of approximately $0.3975 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Hyperscale Data (GPUS) has suspended its at-the-market offering, which allowed sales of Class A common stock through Spartan Capital Securities.
The offering raised approximately $50.6 million in gross proceeds through sales of approximately 127.2 million shares. The suspension covers sales under the issuance sales agreement dated June 18, 2026, as amended on October 9, 2026. Spartan served as the sales agent. Hyperscale Data said it may evaluate future capital markets options as appropriate and in the best interests of the company and its stockholders.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major pointCompleted offering sales raised approximately $50.6 million in gross proceeds. 2.6× market cap
- Minor pointSuspension of the at-the-market offering stops further Class A common stock sales under the agreement.
Negative
- Major pointSales of approximately 127.2 million Class A common shares at approximately $0.3975 per share diluted existing holders.
News Explained
The ATM is suspended; its completed sales issued approximately
Details
Market Reaction – GPUS
On Oct 22, the day this news came out, the latest delayed price for GPUS is 22.22% above the previous close. Argus tracked a peak move of +44.8% during the session. Argus tracked a trough of -1.3% from its starting point during tracking. Our momentum scanner has recorded 108 alerts for this stock so far that day. The latest delayed price is $0.15.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Shares sold under ATM
- approximately 127.2 million shares
- Cumulative sales under the Agreement
- Gross proceeds
- approximately $50.6 million
- Raised pursuant to the ATM
- Proceeds per share
- approximately $0.3975 per share
- Average gross proceeds per share under the ATM
Previous Offering Reports
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Reduced the current ATM sales cap from $300 million to $100 million.
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Established the current common-stock ATM program with a maximum offering amount of $300 million.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
at-the-market offering financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company may evaluate capital markets options in the future as appropriate and in the best interests of the Company and its stockholders.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares of the Common Stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for the emerging AI ecosystems and other industries. Another of Hyperscale Data's wholly owned subsidiaries, Ault Capital Group, Inc. ("ACG"), is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.
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SOURCE Hyperscale Data Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hyperscale Data suspend under its GPUS stock offering?
Hyperscale Data suspended its at-the-market offering of Class A common stock through sales agent Spartan Capital Securities. The suspension applies to sales under the June 18, 2026 issuance sales agreement, as amended on October 9, 2026.
How much did Hyperscale Data raise through its suspended at-the-market offering?
Hyperscale Data raised approximately $50.6 million in gross proceeds by selling approximately 127.2 million shares, or approximately $0.3975 per share.