Hyperscale Data Major Investor Ault & Co Reveals Extensive Stock Holdings
Ault & Company filed a Form 3 (Initial Statement of Beneficial Ownership) for Hyperscale Data (GPUS), reporting its position as a 10% owner.
Rhea-AI Filing Summary
Ault & Company filed a Form 3 (Initial Statement of Beneficial Ownership) for Hyperscale Data (GPUS), reporting its position as a 10% owner. The filing discloses the following key holdings:
- Common Stock: Direct ownership of 721 shares (adjusted for 1-for-35 reverse stock split)
- Series C Convertible Preferred Stock: Convertible to common stock at variable rate (current conversion price $1.0721 per share, ~932.75 shares per preferred share)
- Warrants: 371,661 Series C Warrants ($118.3875 exercise price) and 54,498 October 2023 Warrants ($160.7375 exercise price)
Milton C. Ault III, CEO of Ault & Company, serves as a director of Hyperscale Data, making the company a director by deputization. The warrants become exercisable after a 6-month waiting period and expire five years from issuance. All securities quantities reflect the November 2024 reverse stock split adjustment.
Positive
- None.
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ault & Company, Inc.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C Convertible Preferred Stock | -- | -- | -- |
| holding | Series C Warrants | -- | -- | -- |
| holding | October 2023 Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series C Convertible Preferred Stock — 0 contracts (Direct);
Series C Warrants — 371,661 contracts (Direct);
October 2023 Warrants — 54,498 contracts (Direct);
Common Stock — 721 shares (Direct)
Footnotes (5)
- F1. All price and ownership figures have been adjusted for the 1-for-35 reverse stock split on November 22, 2024.
- F2. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $306.25 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
- F3. The Series C Convertible Preferred Stock has no expiration date.
- F4. As of June 20, 2025, the Conversion Price was $1.0721 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 932.75 shares of Common Stock.
- F5. The October 2023 and the Series C Warrants have a five-year term, expiring on the fifth anniversary of the date of issuance, and become exercisable on the first business day after the six-month anniversary of the date of issuance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What convertible securities does Ault & Company hold in GPUS?
Ault & Company holds Series C Convertible Preferred Stock, Series C Warrants (371,661 underlying shares), and October 2023 Warrants (54,498 underlying shares). The Series C Preferred Stock has a $1,000 stated value and converts at the greater of $0.10 or the lesser of $306.25 or 105% of the 10-day VWAP.
What is the exercise price of GPUS warrants held by Ault & Company?
According to the filing, Ault & Company holds two types of warrants: Series C Warrants with an exercise price of $118.3875 per share, and October 2023 Warrants with an exercise price of $160.7375 per share.
What is Ault & Company's relationship to GPUS?
Ault & Company is a 10% owner of GPUS, and its CEO Mr. Ault serves as a director of GPUS. The filing notes that Ault & Company may be deemed a director by deputization due to its representation on the Board of Directors of GPUS.
What is the current conversion price of GPUS's Series C Convertible Preferred Stock?
As of June 20, 2025, the conversion price of the Series C Convertible Preferred Stock was $1.0721 per share, allowing each preferred share to be converted into approximately 932.75 shares of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
