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Hyperscale Data, Inc. Introduces Special Dividend of Class B Common Stock

Hyperscale Data, Inc., a diversified holding entity listed on the NYSE American as GPUS, has recently made headlines by announcing a special one-time dividend. This significant distribution consists of 20 million shares of its Class B Common Stock, set to be allocated among all holders of its Common Stock and various series of Convertible Preferred Stock.

Details of the Special Dividend

The forthcoming dividend is particularly noteworthy as it targets holders of both common and preferred stock, ensuring that a broad range of investors will benefit from this initiative. As outlined in their official release, the record date for evaluating eligible shareholders is set for September 15, 2026. This means that anyone holding the company’s stock by the close of trading on that date will qualify for the distribution, which is scheduled for payment on October 6, 2026.

As of the announcement date, Hyperscale Data recorded a total of approximately 165 million outstanding shares of Class A Common Stock and roughly 4.8 million shares of Class B Common Stock. This leads to a significant pool of about 491.8 million shares of Eligible Capital Stock, from which approximately 7.2 million shares will be distributed to the shareholders of Class A Common Stock.

The company has established a Payment Ratio, calculated as roughly 0.04066734 shares of Class B Common Stock for each share of Eligible Capital Stock held. However, it is anticipated that additional shares may be issued prior to the record date, potentially affecting this ratio.

The Significance of Class B Common Stock

Notably, the Class B Common Stock will carry ten times the voting power compared to the Class A shares. This feature is designed to reward long-term holders and ensure they have a significant impact in company decisions. Moreover, the Class B shares can be converted into Class A shares on a one-for-one basis after the dividend payment date, adding an attractive flexibility for investors.

As it stands, there isn't a public trading market for Class B Common Stock yet, but Hyperscale Data is considering a future listing on the NYSE American, although specific timelines regarding this remain uncertain.

Company Background

Hyperscale Data operates within the dimensions of diverse industries, driven primarily by its subsidiary, Sentinum, Inc., which provides data center and hosting services essential for the evolving AI landscape. Additionally, its other subsidiary, Ault Capital Group, Inc., engages in various sectors including financial services and digital assets.

A significant forthcoming event for the company is the anticipated divestiture of Ault Capital Group, slated for 2027. This transition is expected to pivot Hyperscale Data towards becoming a focused operator of data centers, reinforcing its mission to support high-performance computing services and enhance its digital assets management.

In addition to the dividend announcement, Hyperscale Data also issued 1 million shares of newly designated Series F Preferred Stock aimed at further benefiting its common and preferred stockholders. This initiative will occur through a voluntary exchange for shares of Class A and Class B stock of ACG, positioning loyal stockholders to capitalize under the new structure.

Conclusion

Investors and stakeholders are encouraged to keep an eye on further announcements from Hyperscale Data regarding the specifics of the dividend and the anticipated developments concerning its subsidiaries. This bold dividend issuance demonstrates Hyperscale Data's ongoing commitment to enhancing shareholder value amid a rapidly changing business environment.

For further insights into the performance and announcements of Hyperscale Data, stockholders are advised to monitor the company's public disclosures and filings.