Hyperscale Data suspends at-the-market stock offering after raising $50.6M
Hyperscale Data, Inc. (NYSE American: GPUS), an AI data center company, has suspended its At-the-Market Offering for Class A common stock. According to the company, it sold approximately 127.2 million shares and raised approximately $50.6 million in gross proceeds under the program.
- Hyperscale Data (NYSE American: GPUS) has suspended its At-the-Market Offering with Spartan Capital Securities, LLC as sales agent.
- The company sold approximately 127.2 million Class A shares for about $50.6 million in gross proceeds, or approximately $0.3975 per share.
- It may evaluate capital markets options in the future.
- The company expects the divestiture of Ault Capital Group to occur in 2027, via a voluntary exchange of Series F Preferred Stock.
What the company announced
Hyperscale Data said it has suspended the At-the-Market Offering (ATM) provided for in the Issuance Sales Agreement dated June 18, 2026, which was amended on October 9, 2026. The agreement is with Spartan Capital Securities, LLC, which acts as sales agent for sales of the company's Class A common stock, par value $0.001 per share.
According to the company, it sold approximately 127.2 million shares under the ATM and raised approximately $50.6 million in gross proceeds. That works out to approximately $0.3975 per share. The company did not give a reason for the suspension.
Hyperscale Data added that it "may evaluate capital markets options in the future as appropriate and in the best interests of the Company and its stockholders." The release stresses that it is not an offer to sell or a solicitation of an offer to buy any shares.
Business and the planned divestiture
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center that offers colocation and hosting services for the emerging AI ecosystems and other industries. Another wholly owned subsidiary, Ault Capital Group, Inc. (ACG), is described as a hybrid private equity firm and operating company with interests across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.
The company currently expects the divestiture of ACG to occur in 2027. After that, according to the company, it would be an owner and operator of data centers supporting high-performance computing services. It would also hold digital assets and its third wholly owned subsidiary, Omnipresent Robotics, LLC.
Until the divestiture, the company says it will continue to provide products through ACG and its subsidiaries and strategic investments. These include an AI software platform, equipment rental services, defense and aerospace, industrial, automotive and hotel operations. ACG is also active in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary.
How the ACG exchange works
On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to all common stockholders and holders of the Series C Preferred Stock, on an as-converted basis. The divestiture will take place through a voluntary exchange of that Series F Preferred Stock for Class A and Class B common stock of ACG.
The company reminded stockholders that only holders of Series F Preferred Stock who agree to surrender their shares, and do not properly withdraw that surrender, in the exchange offer will receive ACG shares. Those holders will then become ACG shareholders when the divestiture occurs.
What it means for investors
The suspension stops further sales of common stock under this particular program for now. The company has left open the option of returning to the capital markets, so the release does not rule out future financing. Stockholders and other interested parties are pointed to the company's public filings and press releases, available on its Investor Relations site and at sec.gov, for more detail on the company and its subsidiaries.
PR Newswire: Hyperscale Data Announces Suspension of Its At-the-Market Offering
