Milton Ault group discloses 32.2% YY Group (YYGH) stake

Rhea-AI Filing Summary

YY Group Holding Ltd received an updated Schedule 13D/A showing that entities associated with Milton C. Ault III collectively report significant beneficial ownership of its Class A Ordinary Shares.

Based on 4,371,392 Shares outstanding as of April 24, 2026, Mr. Ault is deemed to beneficially own 1,409,137 Shares, or 32.2%, including 32,500 Shares held directly and 1,377,137 Shares held through Alpha Fund and Ault Lending. Hyperscale Data, Inc. and Ault Capital Group, Inc. each may be deemed to beneficially own 1,377,137 Shares, or 31.5%, while Ault Lending, LLC holds 1,257,137 Shares, or 28.8%, and Alpha Structured Finance beneficially owns 120,000 Shares, or 2.7%.

Insights

Equity Ownership Analyst

Ault-affiliated entities report control of about one-third of YYGH shares.

The amendment details how Milton C. Ault III and related entities now report beneficial ownership of up to 32.2% of YY Group Holding Ltd’s Class A Shares. This combines direct holdings with positions in Alpha Fund and Ault Lending.

Control of roughly one-third of the outstanding 4,371,392 Shares can give this group substantial influence over shareholder votes and strategic decisions. The filing clarifies which entities hold voting and dispositive power, but it does not itself change the company’s operations.

The amendment also notes that recent share transactions since the prior amendment are listed in an exhibit, while Item 5(a) and 5(b) update current ownership percentages and control relationships among Hyperscale, Ault Capital, Alpha entities, and Mr. Ault.

Key Figures

Shares outstanding: 4,371,392 Shares Milton C. Ault III beneficial ownership: 1,409,137 Shares (32.2%) Hyperscale/Ault Capital beneficial ownership: 1,377,137 Shares (31.5%) +3 more

6 metrics

Shares outstanding 4,371,392 Shares Class A Ordinary Shares outstanding as of April 24, 2026

Milton C. Ault III beneficial ownership 1,409,137 Shares (32.2%) Class A Ordinary Shares beneficially owned as of Amendment No. 2

Hyperscale/Ault Capital beneficial ownership 1,377,137 Shares (31.5%) Shares beneficially owned in aggregate by Alpha Fund and Ault Lending

Ault Lending holdings 1,257,137 Shares (28.8%) Class A Ordinary Shares beneficially owned by Ault Lending, LLC

Alpha Fund holdings 120,000 Shares (2.7%) Class A Ordinary Shares beneficially owned by Alpha Structured Finance

Alpha Fund aggregate purchase price $167,347 Aggregate purchase price for 120,000 Shares, including commissions

Key Terms

beneficially own, Schedule 13D, Form 20-F/A, sole power to vote or direct vote, +1 more

5 terms

beneficially own financial

"The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 4,371,392 Shares"

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.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Form 20-F/A regulatory

"Shares outstanding as of April 24, 2026, which is the total number of Shares outstanding reported by the Issuer in its Form 20-F/A"

sole power to vote or direct vote financial

"Hyperscale: 1. Sole power to vote or direct vote: 0"

shared power to dispose or direct the disposition financial

"Shared power to dispose or direct the disposition: 1,377,137"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

YY Group Holding Ltd.

(Name of Issuer)

Class A Ordinary Shares, each with no par value

(Title of Class of Securities)

G9888Q103

(CUSIP Number)

Kenneth Schlesinger, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

Andrew J. Astore, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/01/2026

(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

CUSIP Number(s): G9888Q103

1

Name of reporting person

Hyperscale Data, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,377,137.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,377,137.00

11

Aggregate amount beneficially owned by each reporting person

1,377,137.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

31.5 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

Alpha Structured Finance LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 120,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 120,000.00

11

Aggregate amount beneficially owned by each reporting person

120,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.7 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

Alpha Structured Finance GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 120,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 120,000.00

11

Aggregate amount beneficially owned by each reporting person

120,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

ACG Alpha Management LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 120,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 120,000.00

11

Aggregate amount beneficially owned by each reporting person

120,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

Ault Lending, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,257,137.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,257,137.00

11

Aggregate amount beneficially owned by each reporting person

1,257,137.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

28.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

Ault Capital Group, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,377,137.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,377,137.00

11

Aggregate amount beneficially owned by each reporting person

1,377,137.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

31.5 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): G9888Q103

1

Name of reporting person

AULT MILTON C III

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 32,500.00
8	Shared Voting Power 1,377,137.00
9	Sole Dispositive Power 32,500.00
10	Shared Dispositive Power 1,377,137.00

11

Aggregate amount beneficially owned by each reporting person

1,409,137.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

32.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Ordinary Shares, each with no par value
(b)	Name of Issuer: YY Group Holding Ltd.
(c)	Address of Issuer's Principal Executive Offices: 60 PAYA LEBAR ROAD #05-43 PAYA LEBAR SQ, SINGAPORE, SINGAPORE , 409051.
Item 1 Comment: This Amendment No. 2 ("Amendment No. 2") amends the statement on Schedule 13D originally filed by the Reporting Persons on April 15, 2026, as amended (the "Schedule 13D"), and relates to the Class A Ordinary Shares, each with no par value, of YY Group Holding Ltd. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 2 shall have the meaning assigned to such term in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated as follows: The aggregate purchase price of the 120,000 Shares beneficially owned by Alpha Fund that were purchased directly by Alpha Fund with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $167,347, including brokerage commissions. The aggregate purchase price of the 1,257,137 Shares beneficially owned by Ault Lending that were purchased directly by Ault Lending with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $(146,306), including brokerage commissions. The aggregate purchase price of the 32,500 Shares beneficially owned by Mr. Ault that were purchased directly by Mr. Ault with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $(35,757), including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 4,371,392 Shares outstanding as of April 24, 2026, which is the total number of Shares outstanding reported by the Issuer in its Form 20-F/A filed with the Securities and Exchange Commission (the "SEC") on April 24, 2026. As of the date hereof, Hyperscale, as the majority holder of the equity interests of Ault Capital, may be deemed to beneficially own the 1,377,137 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 31.5% As of the date hereof, Alpha Fund beneficially owned 120,000 Shares. Percentage: 2.7% As of the date hereof, Alpha GP, as the general partner of Alpha Fund, may be deemed to beneficially own the 120,000 Shares beneficially owned by Alpha Fund. Percentage: 2.7% As of the date hereof, Alpha Management, as the investment manager of Alpha Fund, may be deemed to beneficially own the 120,000 Shares beneficially owned by Alpha Fund. Percentage: 2.7% As of the date hereof, Ault Lending beneficially owned 1,257,137 Shares. Percentage: 28.8% As of the date hereof, Ault Capital, as the majority holder of the equity interests of Alpha Management and Ault Lending, may be deemed to beneficially own the 1,377,137 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 31.5% As of the date hereof, Mr. Ault beneficially owned 1,409,137 Shares, including 32,500 Shares beneficially owned directly, and the 1,377,137 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending that, as the CEO and Chief Investment Officer of Alpha Management, Executive Chairman of Ault Capital, and the Executive Chairman of Hyperscale, Mr. Ault may be deemed to beneficially own. Percentage: 32.2%
(b)	Item 5(b) is hereby amended and restated as follows: Hyperscale: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,377,137 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,377,137 Alpha Fund: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 120,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 120,000 Alpha GP: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 120,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 120,000 Alpha Management: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 120,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 120,000 Ault Lending: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,257,137 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,257,137 Ault Capital: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,377,137 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,377,137 Mr. Ault: 1. Sole power to vote or direct vote: 32,500 2. Shared power to vote or direct vote: 1,377,137 3. Sole power to dispose or direct the disposition: 32,500 4. Shared power to dispose or direct the disposition: 1,377,137
(c)	Item 5(c) is hereby amended and restated as follows: None of the Reporting Persons have engaged in any transactions in the Shares since the filing of Amendment No. 1 except as set forth in Exhibit 1 hereto.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1 - Transactions in Securities of the Issuer Since the Filing of Amendment No. 1

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hyperscale Data, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	05/05/2026

Alpha Structured Finance LP

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer of its Investment Manager
Date:	05/05/2026

Alpha Structured Finance GP LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer of its Managing Member
Date:	05/05/2026

ACG Alpha Management LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer
Date:	05/05/2026

Ault Lending, LLC

Signature:	/s/ David J. Katzoff
Name/Title:	David J. Katzoff, Manager
Date:	05/05/2026

Ault Capital Group, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	05/05/2026

AULT MILTON C III

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III
Date:	05/05/2026

FAQ

What does YYGH’s latest Schedule 13D/A amendment disclose?

The amendment discloses updated beneficial ownership of YY Group Holding Ltd Class A shares by Milton C. Ault III and affiliated entities. It restates ownership percentages, voting and dispositive power, and references recent transactions listed in an exhibit since the prior Amendment No. 1 filing.

How many YYGH shares does Milton C. Ault III beneficially own?

Milton C. Ault III is reported to beneficially own 1,409,137 Class A Ordinary Shares of YY Group Holding Ltd, equal to 32.2% of the class. This includes 32,500 shares held directly and 1,377,137 shares held through Alpha Fund and Ault Lending via his leadership roles.

What stakes do Hyperscale Data and Ault Capital report in YYGH?

Hyperscale Data, Inc. and Ault Capital Group, Inc. may each be deemed to beneficially own 1,377,137 YYGH Class A Shares, representing 31.5% of the outstanding class. These stakes reflect their positions as majority holders or controlling entities over Alpha Fund and Ault Lending, which directly hold the shares.

How many YYGH shares are outstanding and what is the reference date?

The filing states that 4,371,392 YY Group Holding Ltd Class A Ordinary Shares were outstanding as of April 24, 2026. This figure comes from the issuer’s Form 20-F/A filed with the SEC on April 24, 2026 and is used to calculate each reporting person’s ownership percentage.

What position does Ault Lending, LLC hold in YYGH?

Ault Lending, LLC beneficially owns 1,257,137 Class A Ordinary Shares of YY Group Holding Ltd, representing 28.8% of the class. It has shared power to vote and dispose of these shares, and its holdings are aggregated with Alpha Fund’s for several affiliated reporting persons’ totals.

Did YYGH reporting persons note any recent share transactions?

The reporting persons state that, since the filing of Amendment No. 1, they have not engaged in transactions in YY Group Holding Ltd shares except those listed in Exhibit 1. That exhibit, referenced in Item 7, details any such trades occurring after the prior amendment.