Hyperscale Data Announces a Special Dividend of Class B Common Stock
Hyperscale Data (NYSE: GPUS) announces a special one-time dividend distribution of 5,000,000 shares of Class B Common Stock to holders of Class A Common Stock and Series C Convertible Preferred Stock. Stockholders of record as of November 29, 2024, will receive approximately 0.71 shares of Class B Common Stock for each eligible share, with payment scheduled for December 16, 2024. The Class B Common Stock carries 10x voting power compared to Class A shares and is convertible to Class A shares on a one-for-one basis. While the company plans to seek NYSE American listing for Class B shares, trading availability is not guaranteed.
Hyperscale Data (NYSE: GPUS) annuncia una distribuzione speciale di dividendi una tantum di 5.000.000 azioni di Titoli Ordinari di Classe B ai detentori di Titoli Ordinari di Classe A e di Azioni Preferenziali Convertibili di Classe C. Gli azionisti registrati al 29 novembre 2024 riceveranno circa 0,71 azioni di Titoli Ordinari di Classe B per ogni azione idonea, con pagamento previsto per il 16 dicembre 2024. Le azioni di Classe B hanno un potere di voto 10 volte superiore rispetto alle azioni di Classe A e sono convertibili in azioni di Classe A su base uno a uno. Sebbene l'azienda preveda di richiedere la quotazione delle azioni di Classe B presso NYSE American, la disponibilit脿 per il trading non 猫 garantita.
Hyperscale Data (NYSE: GPUS) anuncia una distribuci贸n especial de dividendos 煤nica de 5,000,000 de acciones de acciones ordinarias Clase B para los tenedores de acciones ordinarias Clase A y de acciones preferentes convertibles Clase C. Los accionistas registrados al 29 de noviembre de 2024 recibir谩n aproximadamente 0.71 acciones de acciones ordinarias Clase B por cada acci贸n elegible, con un pago programado para el 16 de diciembre de 2024. Las acciones de Clase B tienen un poder de voto 10 veces mayor en comparaci贸n con las acciones Clase A y son convertibles en acciones Clase A en una base uno a uno. Aunque la empresa planea solicitar la cotizaci贸n de las acciones Clase B en NYSE American, no se garantiza la disponibilidad para el comercio.
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Hyperscale Data (NYSE: GPUS) annonce une distribution sp茅ciale de dividende unique de 5 000 000 d'actions de la classe B aux d茅tenteurs d'actions de la classe A et d'actions privil茅gi茅es convertibles de la s茅rie C. Les actionnaires inscrits au 29 novembre 2024 recevront environ 0,71 action de la classe B pour chaque action 茅ligible, avec un paiement pr茅vu pour le 16 d茅cembre 2024. Les actions de la classe B disposent d'un pouvoir de vote 10 fois sup茅rieur 脿 celui des actions de la classe A et peuvent 锚tre converties en actions de la classe A sur une base un pour un. Bien que l'entreprise envisage de demander une cotation des actions de la classe B sur le NYSE American, la disponibilit茅 pour le trading n'est pas garantie.
Hyperscale Data (NYSE: GPUS) k眉ndigt eine einmalige Sonderdividendenverteilung von 5.000.000 Aktien der Stammaktien der Klasse B an die Inhaber von Stammaktien der Klasse A und von Serie C wandelbaren Vorzugsaktien an. Aktion盲re, die am 29. November 2024 im Aktienregister stehen, erhalten f眉r jede berechtigte Aktie etwa 0,71 Aktien der Stammaktien der Klasse B, wobei die Zahlung f眉r den 16. Dezember 2024 geplant ist. Die Stammaktien der Klasse B haben 10-mal so viel Stimmkraft wie die Klasse A Aktien und k枚nnen im Verh盲ltnis eins zu eins in Klasse A Aktien umgewandelt werden. W盲hrend das Unternehmen plant, eine Notierung der Klasse B Aktien an der NYSE American zu beantragen, ist die Handelsverf眉gbarkeit nicht garantiert.
- Distribution of additional shares to existing stockholders
- Enhanced voting rights (10x) for Class B shares compared to Class A
- Flexibility to convert Class B to Class A shares on a one-for-one basis
- No guaranteed public trading market for Class B shares
- Potential voting power dilution for existing Class A shareholders
- Complex share structure may affect market perception and valuation
All Class A Common and Series C Convertible Preferred Stockholders to Receive Planned Dividend
LAS VEGAS, Nov. 15, 2024 (GLOBE NEWSWIRE) -- 聽(NYSE American: GPUS), a diversified holding company (鈥�Hyperscale Data,鈥� or the 鈥�Company鈥�), announces that it plans to issue a special one-time dividend (the 鈥�Distribution鈥�) of 5,000,000 shares of its Class B Common Stock (the 鈥�Class B Common Stock鈥�) to all holders of its Class A Common Stock (the 鈥�Class A Common Stock鈥�) and the Series C Convertible Preferred Stock on an as-converted basis.
The record date for the Distribution is November 29, 2024. Stockholders who own the Company鈥檚 Class A Common Stock at the close of trading on that date will be eligible to receive the shares of Class B Common Stock. Further, the Company has set a payment date of December 16, 2024, subject to adjustment. On the record date, the Company anticipates there will be approximately 1,109,895 shares of Class A Common Stock and approximately 5,935,065 Class A Common Stock equivalents, based on the current conversion price of the Company鈥檚 Series C Convertible Preferred Stock, issued and outstanding (collectively, the 鈥�Eligible Capital Stock鈥�), for an aggregate of approximately 7,044,960 shares of Eligible Capital Stock. Consequently, the number of shares of Class B Common Stock issuable is approximately 0.71 for each share of Eligible Capital Stock. The foregoing figures reflect the implementation of the one-for-thirty-five reserve stock split that will be effectuated on November 25, 2024.
There will be no public trading market for the Class B Common Stock by the payment date. While the Company presently intends to seek to have the Class B Common Stock listed for trading on the NYSE American within the foreseeable future, there can be no assurance when, or if, such a listing will occur. The CUSIP number of the Class B Common Stock is 09175M 606.
The Class B Common Stock is identical to the currently outstanding Class A Common Stock, with the exception that each share thereof carries ten (10) times the voting power of a share of Class A Common Stock. The Class B Common Stock is convertible at any time after the payment date into Class A Common Stock on a one-for-one basis. The Company will pay holders of the Eligible Capital Stock cash in lieu of issuing fractional shares of Class B Common Stock. The Distribution has been approved by the NYSE American.
Stockholders should refer to the Company鈥檚 official announcements or consult their financial advisors for more information about the specifics of the Distribution.
This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company鈥檚 common stock or any other securities of the Company. The Distribution is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data鈥檚 public filings and press releases available under the Investor Relations section at or available at
About Hyperscale Data, Inc.
Hyperscale Data is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides mission-critical products that support a diverse range of industries, including a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, hotel operations and textiles. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data鈥檚 headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141;聽
Forward-Looking Statements
This press release contains 鈥渇orward-looking statements鈥� within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as 鈥渂elieves,鈥� 鈥減lans,鈥� 鈥渁nticipates,鈥� 鈥減rojects,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥渟trategy,鈥� 鈥渇uture,鈥� 鈥渙pportunity,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥減otential,鈥� or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company鈥檚 business and financial results are included in the Company鈥檚 filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company鈥檚 Forms 10-K, 10-Q and 8-K. All filings are available at and on the Company鈥檚 website at .
Hyperscale Data Investor Contact:
or 1-888-753-2235
FAQ
What is the distribution ratio for Hyperscale Data's (GPUS) special dividend?
When is the record date for Hyperscale Data's (GPUS) Class B stock dividend?
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Will Hyperscale Data's (GPUS) Class B shares be publicly traded?
