Hyperscale group reports 35.7% stake in YY Group

Rhea-AI Filing Summary

Hyperscale Data, Inc. and affiliated Ault entities report significant ownership in YY Group Holding Ltd. They collectively beneficially own 1,559,532 Class A Ordinary Shares, representing 35.7% of the company, based on 4,371,392 shares outstanding as of April 24, 2026.

The stake is held across Alpha Structured Finance (130,000 shares, 3.0%) and Ault Lending (1,429,532 shares, 32.7%), with control and investment roles flowing through Alpha GP, ACG Alpha Management, Ault Capital Group, and Hyperscale. Milton C. Ault III is reported as beneficially owning these shares through his leadership positions.

The amendment updates funding details, noting Alpha Fund’s 130,000 shares were purchased in open-market transactions for $177,186, while Ault Lending’s 1,429,532 shares were acquired in open-market transactions for $(42,017), both using working capital that may include margin loans. The filing also restates voting and dispositive powers, which are shared among the reporting persons.

Insights

Equity ownership and governance analyst

Filers confirm a concentrated 35.7% stake in YY Group Holding.

The amendment shows Hyperscale Data and related Ault entities collectively controlling 1,559,532 Class A shares, or 35.7% of YY Group Holding Ltd., based on 4,371,392 shares outstanding as of April 24, 2026. This is a sizeable block for an external holder.

Control is dispersed across multiple vehicles, including Alpha Structured Finance, Ault Lending, Ault Capital Group, and management entities, with shared voting and dispositive power rather than sole authority. The structure concentrates influence while using several legal entities.

Because the filing states no new transactions beyond those listed in Exhibit 1, the main update is clarification of ownership percentages, funding sources, and power over the shares. Subsequent SEC and issuer filings will frame how this large holding interacts with company governance and any future corporate actions.

Key Figures

Group beneficial ownership: 1,559,532 shares Ownership percentage: 35.7% Shares outstanding: 4,371,392 shares +4 more

7 metrics

Group beneficial ownership 1,559,532 shares Class A Ordinary Shares of YY Group beneficially owned in aggregate

Ownership percentage 35.7% Portion of YY Group’s Class A shares beneficially owned by reporting group

Shares outstanding 4,371,392 shares YY Group Class A shares outstanding as of April 24, 2026

Alpha Fund position 130,000 shares (3.0%) YY Group shares beneficially owned by Alpha Structured Finance

Ault Lending position 1,429,532 shares (32.7%) YY Group shares beneficially owned by Ault Lending, LLC

Alpha Fund purchase cost $177,186 Aggregate purchase price for 130,000 shares, including commissions

Ault Lending purchase price $(42,017) Aggregate purchase price for 1,429,532 shares, including commissions

Key Terms

beneficially own, shared voting power, Schedule 13D, Form 20-F/A, +1 more

5 terms

beneficially own financial

"may be deemed to beneficially own the 1,559,532 Shares beneficially owned in the aggregate"

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.

shared voting power financial

"Shared power to vote or direct vote: 1,559,532"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Schedule 13D regulatory

"This Amendment No. 4 ("Amendment No. 4") amends the statement on originally filed by the Reporting Persons"

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

"reported by the Issuer in its Form 20-F/A filed with the Securities and Exchange Commission"

Form 20-F/A is an amended annual filing that a foreign company submits to the U.S. Securities and Exchange Commission to correct, clarify, or add information to a previously filed Form 20-F. For investors, an amendment matters because it signals that earlier disclosures changed or were incomplete—like a corrected instruction manual—and those updates can alter how you judge the company’s finances, risks, governance or legal standing, potentially affecting the stock’s value.

margin loans financial

"working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business)"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

FAQ

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

What ownership stake do Hyperscale and Ault entities report in YYGH?

Hyperscale Data and affiliated Ault entities report beneficial ownership of 1,559,532 YY Group Holding Ltd. shares, equal to 35.7% of the company. This percentage is based on 4,371,392 Class A Ordinary Shares outstanding as of April 24, 2026, as disclosed in the issuer’s Form 20-F/A.

How many YYGH shares does Alpha Structured Finance beneficially own?

Alpha Structured Finance beneficially owns 130,000 Class A Ordinary Shares of YY Group Holding Ltd., representing 3.0% of the class. These shares were purchased by Alpha Fund in open market transactions using working capital, and related entities Alpha GP and Alpha Management are deemed to share beneficial ownership.

What is Ault Lending’s position in YY Group Holding Ltd. (YYGH)?

Ault Lending beneficially owns 1,429,532 Class A Ordinary Shares of YY Group Holding Ltd., representing 32.7% of the class. The filing states these shares were acquired in open market purchases using working capital, which may include margin loans from brokerage firms in the ordinary course of business.

How is Milton C. Ault III connected to the YYGH shareholdings?

Milton C. Ault III is reported as beneficially owning 1,559,532 shares held by Alpha Fund and Ault Lending through his leadership roles. He is Executive Chairman of Ault Capital and Hyperscale, and CEO and Chief Investment Officer of Alpha Management, which leads to deemed beneficial ownership of the aggregated stake.

On what share count is the 35.7% YYGH ownership calculation based?

The 35.7% beneficial ownership figure is calculated using 4,371,392 Class A Ordinary Shares outstanding as of April 24, 2026. This outstanding share count is taken from YY Group Holding Ltd.’s Form 20-F/A filed with the SEC on that same date, as referenced in the filing.

What funding sources were used to buy the YYGH shares reported in this Schedule 13D/A?

Both Alpha Fund and Ault Lending used working capital to buy their YYGH shares in open market transactions. Alpha Fund’s 130,000 shares cost $177,186, including commissions; Ault Lending’s 1,429,532 shares have an aggregate purchase price of $(42,017), with both amounts possibly including margin loans from brokerage firms.

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

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Accepted by SEC EDGAR 05/29/2026 - 04:53 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

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)

05/27/2026

(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 1,559,532.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,559,532.00

11

Aggregate amount beneficially owned by each reporting person

1,559,532.00

12

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

13

Percent of class represented by amount in Row (11)

35.7 %

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 130,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 130,000.00

11

Aggregate amount beneficially owned by each reporting person

130,000.00

12

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

13

Percent of class represented by amount in Row (11)

3.0 %

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 130,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 130,000.00

11

Aggregate amount beneficially owned by each reporting person

130,000.00

12

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

13

Percent of class represented by amount in Row (11)

3.0 %

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 130,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 130,000.00

11

Aggregate amount beneficially owned by each reporting person

130,000.00

12

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

13

Percent of class represented by amount in Row (11)

3.0 %

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 1,429,532.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,429,532.00

11

Aggregate amount beneficially owned by each reporting person

1,429,532.00

12

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

13

Percent of class represented by amount in Row (11)

32.7 %

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 1,559,532.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,559,532.00

11

Aggregate amount beneficially owned by each reporting person

1,559,532.00

12

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

13

Percent of class represented by amount in Row (11)

35.7 %

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 0.00
8	Shared Voting Power 1,559,532.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,559,532.00

11

Aggregate amount beneficially owned by each reporting person

1,448,532.00

12

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

13

Percent of class represented by amount in Row (11)

35.7 %

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. 4 ("Amendment No. 4") 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. 4 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. 4 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 130,000 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 $177,186, including brokerage commissions. The aggregate purchase price of the 1,429,532 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 $(42,017), 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 1,559,532 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 35.7% As of the date hereof, Alpha Fund beneficially owned 130,000 Shares. Percentage: 3.0% As of the date hereof, Alpha GP, as the general partner of Alpha Fund, may be deemed to beneficially own the 130,000 Shares beneficially owned by Alpha Fund. Percentage: 3.0% As of the date hereof, Alpha Management, as the investment manager of Alpha Fund, may be deemed to beneficially own the 130,000 Shares beneficially owned by Alpha Fund. Percentage: 3.0% As of the date hereof, Ault Lending beneficially owned 1,429,532 Shares. Percentage: 32.7% 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 1,559,532 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 35.7% As of the date hereof, Mr. Ault beneficially owned the 1,559,532 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: 35.7%
(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: 1,559,532 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,559,532 Alpha Fund: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 130,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 130,000 Alpha GP: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 130,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 130,000 Alpha Management: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 130,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 130,000 Ault Lending: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,429,532 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,429,532 Ault Capital: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,559,532 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,559,532 Mr. Ault: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,559,532 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,559,532
(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. 3 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. 3

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:	05/29/2026

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:	05/29/2026

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:	05/29/2026

ACG Alpha Management LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer
Date:	05/29/2026

Ault Lending, LLC

Signature:	/s/ David J. Katzoff
Name/Title:	David J. Katzoff, Manager
Date:	05/29/2026

Ault Capital Group, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	05/29/2026

AULT MILTON C III

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III
Date:	05/29/2026