IPO - Hyperscale Data, Inc.

Form Type: S-1/A

Filing Date: 2025-05-15

Corporate Action: Ipo

Type: Update

Accession Number: 000121465925007899

Filing Summary: Hyperscale Data, Inc., incorporated in Delaware and formerly known as Ault Alliance, Inc., is amending its S-1 registration statement to facilitate the public sale of its equity securities. This amendment includes the filing of a preliminary prospectus dated May 15, 2025, stating the offering of up to 125,000,000 shares of its Class A Common Stock, which are issuable upon conversion of the Series B Preferred Stock that is being sold by a Selling Stockholder as part of a structured financial agreement initiated on March 31, 2025. The document highlights the company's business operations, which primarily focus on Bitcoin mining, colocation, hosting services for AI ecosystems, and other diversified industries. Furthermore, the company is transitioning its data centers to high-performance computing operations aimed at supporting AI. The terms and structure of the sale offer are outlined, alongside the risks associated with investing in the company's offerings, which include market volatility, operational challenges, and compliance with existing securities regulations. The Company aims to maximize shareholder value while navigating funding needs against a backdrop of evolving business strategies.

Form Type: S-1

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: New

Accession Number: 000121465925006343

Filing Summary: Hyperscale Data, Inc. filed its S-1 registration statement on April 25, 2025, indicating its intention to go public through an Initial Public Offering (IPO). The document outlines the company's business model, which focuses on providing scalable data solutions to enterprises, and highlights key financial metrics that indicate strong growth potential. Management discusses the use of proceeds from the IPO, aiming to fund further expansion of infrastructure and investment in technology development. The filing includes information on underwriting details, potential risks associated with the IPO, and competitive analysis in the data services sector.

Form Type: S-1/A

Filing Date: 2025-01-14

Corporate Action: Ipo

Type: Update

Accession Number: 000121465925000524

Filing Summary: Hyperscale Data, Inc., previously known as Ault Alliance, Inc., is filing this Pre-Effective Amendment No. 3 to its Form S-1 registration statement under the Securities Act of 1933 in connection with the offer and resale of 1,500,000 shares of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The selling stockholder, Orion Equity Partners LLC, is authorized to sell these shares under a Purchase Agreement, which commits to a total acquisition of $37.5 million worth of Series D Preferred Stock. The shares will not generate proceeds for the company upon resale but could lead to proceeds if sold by Hyperscale at future dates. The filing indicates that the company began transitioning from data center Bitcoin mining operations to high-performance computing (HPC) and artificial intelligence (AI) applications. Furthermore, the company currently holds multiple subsidiaries involved in various sectors such as fintech, real estate, and digital health. Risk factors acknowledge the speculative nature of the investment and the company's status as a 'smaller reporting company.' The document also outlines that no part of the sale is authorized outside the U.S. until compliance with regulations is ensured. Investors should proceed cautiously, reviewing the comprehensive risk factors and business model transition the company is undertaking.

Form Type: S-1/A

Filing Date: 2024-11-05

Corporate Action: Ipo

Type: Update

Accession Number: 000121465924018390

Filing Summary: Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is proceeding with a public offering of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, consisting of 1,500,000 shares. The offering will be carried out by Orion Equity Partners LLC, acting as the selling stockholder pursuant to a Purchase Agreement signed on June 20, 2024, with subsequent amendments. The total commitment amount from Orion is $37.5 million. Notably, the company will not receive proceeds from sales by Orion, but it can sell its shares to the selling stockholder over the next 36 months for cash flow purposes. The preferred stock is listed on the NYSE American under the symbol “GPUS PD”, with the last trading price reported at $22.58 as of October 31, 2024. The company is characterized as a smaller reporting company, engaging primarily in data mining and hosting operations, along with diverse industry involvements spanning various technology and real estate sectors. Recent adjustments include a reverse stock split and amendments to a loan agreement, which significantly impacts its financing strategy and operational commitments, particularly concerning Bitcoin-related activities and emerging AI ecosystems.

Form Type: S-1/A

Filing Date: 2024-09-26

Corporate Action: Ipo

Type: Update

Accession Number: 000121465924016793

Filing Summary: Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., filed a pre-effective amendment to its Form S-1 registration statement to offer and resell up to 1,500,000 shares of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The offering is facilitated through Orion Equity Partners LLC, which will purchase shares from Hyperscale Data at the company's discretion over a period of approximately 36 months, with a total commitment of up to $25 million, subject to SEC effectiveness. The shares are expected to commence public sale after the registration statement becomes effective. The company is positioned as a 'smaller reporting company' and is utilizing reduced public company reporting requirements. Additionally, the Series D Preferred Stock is currently traded on NYSE American under the symbol 'GPUS PD', with the last reported sales price at $22.00 prior to the filing. The document highlights risks associated with investment that list several factors which could affect performance and emphasizes uncertain future outcomes related to business operations and investments.

Form Type: CORRESP

Filing Date: 2024-07-30

Corporate Action: Ipo

Type: New

Accession Number: 000121465924013243

Filing Summary: On July 30, 2024, Ault Alliance, Inc. submitted a Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission. This registration involves 1,500,000 shares of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock that the Company plans to sell in the future, pursuant to Rule 415 under the Securities Act of 1933. The correspondence indicates that the Company is opening for potential public investment through this registration.