STOCK TITAN

Ault & Company reports 63% Hyperscale Data stake

Amendment No. 19 shows Ault-affiliated holders controlling over 63% of Hyperscale Data’s Class A shares on an as-converted basis, with about 14% of total voting power.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Hyperscale Data, Inc. (GPUS) is the subject of Amendment No. 19 to a Schedule 13D, which updates the ownership positions of Ault & Company, Inc. and several executives. Based on 187,077,596 Class A shares outstanding as of September 14, 2026, Ault & Company is reported to beneficially own 317,568,715 Class A shares, or 63.3% of the Class A class on an as-converted basis. Milton C. Ault is reported to beneficially own 318,613,936 Class A shares, or 63.5%, including shares and derivatives held through Ault & Company.

The Ault & Company position is composed of Class A and Class B common stock, 50,000 Series C, 960 Series G, and 4,000 Series H Convertible Preferred shares and warrants, all calculated using a stated conversion price of $0.1763 per Class A share (subject to a floor of $0.10 and a 105% VWAP test). The filing also details open-market purchases by Messrs. Ault, Horne, Nisser and Cragun, their option awards at a $3.60 strike price vesting over time, and notes that Ault & Company and Mr. Ault hold approximately 14.12% and 14.45%, respectively, of total company voting power across all voting securities.

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Class A shares outstanding 187,077,596 shares Class A shares outstanding as of September 14, 2026 used for ownership calculations
Ault & Company beneficial ownership 317,568,715 Class A shares Represents 63.3% of Class A common stock on an as-converted basis
Milton C. Ault beneficial ownership 318,613,936 Class A shares Represents 63.5% of Class A common stock on an as-converted basis
Series C Convertible Preferred conversion 283,607,486 Class A shares Class A shares issuable from 50,000 Series C shares at a $0.1763 conversion price
Conversion price for preferred stock $0.1763 per Class A share Used to calculate Class A shares issuable from Series C, G and H preferred
Executive option strike price $3.60 per share Stock options granted to Messrs. Ault, Horne, Nisser and Cragun, expiring July 30, 2035
Ault & Company voting power 14.12% of total voting power Based on all voting securities outstanding as of September 14, 2026
Purchase price of Series C and related warrants $50,000,000 Paid by Ault & Company for 50,000 Series C Convertible Preferred shares and certain warrants
beneficially own financial
"The aggregate amount beneficially owned by each reporting person 317,568,715.00"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Series C Convertible Preferred Stock financial
"283,607,486 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock"
Series C convertible preferred stock is a class of investment shares issued in a later private financing round that combine safety and upside: they usually pay ahead of ordinary shares if a company pays dividends or is sold, but can be converted into common stock to share in future growth. For investors this acts like a VIP ticket with a safety net—offering priority protection while preserving the option to participate in a successful exit.
volume weighted average price financial
"105% of the volume weighted average price of the Class A Common Stock"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
senior secured convertible promissory note financial
"issued in connection with a senior secured convertible promissory note in the principal face amount"
A senior secured convertible promissory note is a formal IOU a company issues that is backed by specific assets (secured), given higher priority for repayment than other debts (senior), and can be exchanged for company shares instead of cash (convertible). For investors this means the loan is safer than unsecured debt because it has collateral and repayment priority, but it also carries the potential for dilution if the lender converts the note into equity — like holding a mortgage-backed IOU that can later be swapped for ownership stakes.
voting power financial
"beneficial ownership of Shares represents 14.12% and 14.45%, respectively, of the Issuer's total voting power"
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
NYSE American market
"approval of the option grants by the Issuer's stockholders and the NYSE American"
NYSE American is a stock exchange where companies can list their shares to be bought and sold by investors. It functions like a marketplace, helping businesses raise money and providing investors with opportunities to buy ownership in these companies. Its role is important because it facilitates the trading of smaller or emerging companies, offering investors access to a broader range of investment options.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of Hyperscale Data, Inc. (GPUS) does Ault & Company beneficially own?

Ault & Company is reported to beneficially own 317,568,715 Class A shares, representing 63.3% of the Class A common stock on an as-converted basis, using 187,077,596 Class A shares outstanding as of September 14, 2026.

What is Milton C. Ault’s beneficial ownership in GPUS after Amendment No. 19?

Milton C. Ault is reported to beneficially own 318,613,936 Class A shares, or 63.5% of the Class A class on an as-converted basis. This includes his direct holdings, options and Class B shares, plus all securities beneficially owned by Ault & Company.

How many Hyperscale Data (GPUS) shares are outstanding for this ownership calculation?

The reported percentages are based on 187,077,596 Class A shares outstanding as of September 14, 2026, as well as additional options that are currently exercisable or become exercisable within 60 days for the named executives.

What preferred stock positions in GPUS does Ault & Company hold?

Ault & Company holds 50,000 Series C, 960 Series G and 4,000 Series H Convertible Preferred shares. Using a $0.1763 conversion price, these are calculable into 283,607,486, 5,445,264 and 22,688,599 Class A shares, respectively.

What stock options in Hyperscale Data (GPUS) have the executives received?

Messrs. Ault, Horne, Nisser and Cragun were awarded options to purchase 400,000, 400,000, 300,000 and 200,000 Class A shares, respectively, at a $3.60 strike price, expiring July 30, 2035. Half vested on May 6, 2026, and the remaining half vests monthly over 24 months from June 1, 2026.

What voting power in GPUS does Ault & Company and Mr. Ault hold across all voting securities?

Across all voting securities, including Class A, Class B and preferred stock, Ault & Company’s beneficial holdings represent about 14.12% of total voting power, and Mr. Ault’s beneficial holdings represent about 14.45%, reflecting different vote counts per share class.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09175M879

(CUSIP Number)
Milton C. Ault, III
c/o Ault & Company, Inc., 11411 Southern Highlands Pkwy, Suite 190
Las Vegas, NV, 89141
949-444-5464

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/11/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Represents (i) 2,763,692 shares of class A common stock ("Class A Shares"), (ii) 2,935,861 shares of Class A Shares issuable upon conversion of 2,935,861 shares of class B common stock ("Class B Shares"), (iii) 283,607,486 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock, (iv) 5,445,264 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock, (v) 22,688,599 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock and (vi) 127,813 Class A Shares issuable upon exercise of outstanding warrants. Each share of Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock are based upon a conversion price of $0.1763.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Sole voting power represents (i) 250,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days, (ii) 794,600 Class A Shares and (iii) 621 Class A Share issuable upon conversion of 621 Class B Shares. (2) Shared voting power represents (i) 2,763,692 Class A Shares held by Ault & Company, Inc. ("Ault & Company"), (ii) 2,935,861 shares of Class A Shares issuable upon conversion of 2,935,861 Class B Shares held by Ault & Company, (iii) 283,607,486 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock held by Ault & Company, (iv) 5,445,264 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock held by Ault & Company, (v) 22,688,599 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock held by Ault & Company and (vi) 127,813 Class A Shares issuable upon exercise of outstanding warrants held by Ault & Company. Each share of Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock are based upon a conversion price of $0.1763.


SCHEDULE 13D




Comment for Type of Reporting Person:
Represents (i) 250,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days and (ii) 300,000 Class A Shares.


SCHEDULE 13D




Comment for Type of Reporting Person:
Represents (i) 187,500 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days and (ii) 250,000 Class A Shares.


SCHEDULE 13D




Comment for Type of Reporting Person:
Represents (i) 125,000 Class A Shares issuable upon exercise of stock options that are currently exercisable or exercisable within 60 days and (ii) 100,000 Class A Shares.


SCHEDULE 13D


Ault & Company, Inc.
Signature:/s/ Milton C. Ault, III
Name/Title:Milton C. Ault, III, Chief Executive Officer
Date:09/15/2026
AULT MILTON C III
Signature:/s/ Milton C. Ault, III
Name/Title:Milton C. Ault, III
Date:09/15/2026
HORNE WILLIAM B
Signature:/s/ William B. Horne
Name/Title:William B. Horne
Date:09/15/2026
NISSER HENRY CARL
Signature:/s/ Henry C. Nisser
Name/Title:Henry C. Nisser
Date:09/15/2026
CRAGUN KENNETH S
Signature:/s/ Kenneth S. Cragun
Name/Title:Kenneth S. Cragun
Date:09/15/2026

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