Hyperscale Data Announces Termination of the Sales Agreement Providing for Its ATM Offering
Rhea-AI Summary
Hyperscale Data (NYSE American: GPUS), an AI data center company anchored by Bitcoin, is terminating its amended and restated at-the-market (ATM) Issuance Sales Agreement for Class A common stock.
The company sold about 137.6 million shares, raising roughly $24.7 million in gross proceeds (~$0.1793 per share). The 10-day termination process began May 27, 2026, with termination effective June 8, 2026. No further ATM sales will occur, and Hyperscale Data will have no ongoing obligations under the ATM while continuing to evaluate future capital markets options.
Positive
- ATM program raised approximately $24.7 million in gross proceeds
- Termination effective June 8, 2026 removes ongoing ATM-related obligations
- No further common stock sales will occur under the terminated ATM facility
Negative
- Approximately 137.6 million shares of common stock were issued under the ATM
- Gross proceeds of $24.7 million equal roughly $0.1793 per share sold
News Market Reaction – GPUS
On the day this news was published, GPUS gained 15.75%, reflecting a significant positive market reaction. Argus tracked a peak move of +25.7% during that session. Argus tracked a trough of -10.8% from its starting point during tracking. Our momentum scanner triggered 32 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $14M to the company's valuation, bringing the market cap to $101.74M at that time. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 13 | Preferred ATM offering | Negative | -8.9% | Launched ATM for 13% Series D preferred stock up to $35.4M. |
| Dec 19 | Common ATM program | Negative | -9.1% | Established up to $50M at-the-market common stock offering. |
| Aug 29 | Large ATM setup | Negative | -22.4% | Announced up to $125M ATM common stock program for Bitcoin and facilities. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior offering-tagged announcements for GPUS led to consistently negative 24h moves, with an average reaction of about -13.47% following ATM or similar equity programs.
Recent history shows Hyperscale Data repeatedly using at-the-market and related offering programs to raise capital, often tied to Bitcoin accumulation and data center growth. Those announcements on Aug 29, 2025, Dec 19, 2025, and Feb 13, 2026 all preceded notable share-price declines. Today’s termination of an ATM program contrasts with that pattern by reducing one ongoing equity-issuance channel against a backdrop of heavy prior reliance on such tools.
Key Terms
at-the-market financial
atm offering financial
par value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company initiated the 10-day termination process of the ATM with the Agent on May 27, 2026, with the official termination to take effect on June 8, 2026. However, the Company will not engage in further sales of its Common Stock under the ATM. Upon termination, the Company will have no further obligations related to the ATM.
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 mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in the second quarter of 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. 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,
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
Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235
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SOURCE Hyperscale Data Inc.