Tender Offers for Ault & Company, Inc.

Form Type: SC TO-C

Filing Date: 2025-01-02

Corporate Action: Tender-offer

Type: Abandonment

Accession Number: 000092189525000008

Comments: On January 2, 2025, Ault & Company, Inc. announced the abandonment of its cash tender offer intended to acquire up to 111,000 shares of Class A Common Stock of Hyperscale Data, Inc. The offer was set within a price range of $7.50 to $10.00 per share. The decision to abandon the offer allows Ault & Company to pursue a recently executed securities purchase agreement where it has the right to invest up to $25 million in Hyperscale Data's Series G Convertible Preferred Stock. Ault & Company expressed that the current stock price of the Common Stock is below the intrinsic value and highlighted their commitment to Hyperscale Data and its shareholders through the Preferred Shares investment. Future tender offers may be reconsidered post completion of the Preferred Shares purchase, contingent upon board and regulatory approval, and current market assessments. Ault & Company and its affiliates control approximately 91.7% of Hyperscale Data's shares, predominantly through Series C Convertible Preferred Stock and warrants.

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