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[SCHEDULE 13D/A] Hyperscale Data, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Hyperscale Data, Inc. Schedule 13D/A (Amendment No. 10) discloses that Ault & Company, Inc. and affiliated reporting persons collectively beneficially own a majority economic interest in the issuer. The filing reports Ault & Company may be deemed to beneficially own 131,446,273 Class A shares (representing 82.21% of the Class A shares on a conversion basis) and Mr. Milton C. Ault, III may be deemed to beneficially own 131,449,069 Class A shares (82.22%). Based on reported outstanding securities, Ault & Company and Mr. Ault control 57.18% of total voting power. The filing details purchases of preferred stock and warrants totaling $50,000,000 for Series C, $960,000 for Series G and $4,000,000 for Series H, and describes prior convertible notes and warrants; certain conversions are limited by NYSE American rules.

Hyperscale Data, Inc. - Il Schedule 13D/A (Emendamento n. 10) indica che Ault & Company, Inc. e i soggetti correlati che presentano la dichiarazione detengono congiuntamente la maggioranza dell'interesse economico nell'emittente. Il deposito segnala che Ault & Company può essere considerata beneficiaria di 131.446.273 azioni di Classe A (pari al 82,21% delle azioni di Classe A su base di conversione) e che il Sig. Milton C. Ault, III può essere considerato beneficiario di 131.449.069 azioni di Classe A (82,22%). In base ai titoli in circolazione riportati, Ault & Company e il Sig. Ault controllano il 57,18% del potere di voto totale. Il documento descrive acquisti di azioni privilegiate e warrant per un totale di $50.000.000 per la Serie C, $960.000 per la Serie G e $4.000.000 per la Serie H, e riferisce precedenti note convertibili e warrant; alcune conversioni sono soggette ai limiti delle regole della NYSE American.

Hyperscale Data, Inc. - El Schedule 13D/A (Enmienda n.º 10) revela que Ault & Company, Inc. y las personas vinculadas que informan poseen colectivamente la mayoría del interés económico en el emisor. La presentación informa que Ault & Company puede considerarse la beneficiaria de 131.446.273 acciones Clase A (representando el 82,21% de las Clase A en base a conversión) y que el Sr. Milton C. Ault, III puede considerarse beneficiario de 131.449.069 acciones Clase A (82,22%). Según los valores en circulación reportados, Ault & Company y el Sr. Ault controlan el 57,18% del poder de voto total. El documento detalla compras de acciones preferentes y warrants por $50.000.000 para la Serie C, $960.000 para la Serie G y $4.000.000 para la Serie H, y describe notas convertibles y warrants previos; ciertas conversiones están limitadas por las normas de la NYSE American.

Hyperscale Data, Inc. - Schedule 13D/A(수정ì•� 10í˜�)ëŠ� Ault & Company, Inc.와 ê´€ë � ë³´ê³ ìžê°€ 발행회사ì—� 대í•� 경제ì � 과반 ì§€ë¶„ì„ ê³µë™ ë³´ìœ í•˜ê³  있ìŒì� 공시합니ë‹�. 제출서류ì—� 따르ë©� Ault & CompanyëŠ� 131,446,273 í´ëž˜ìŠ� A 주ì‹ì� 실질ì ìœ¼ë¡� 보유í•� 것으ë¡� 간주ë� ìˆ� 있으ë©�(전환 기준 í´ëž˜ìŠ� Aì� 82.21%), Milton C. Ault, IIIëŠ� 131,449,069 í´ëž˜ìŠ� A 주ì‹(82.22%)ì� 실질ì ìœ¼ë¡� 보유í•� 것으ë¡� 간주ë� ìˆ� 있습니다. ë³´ê³ ë� 발행주ì‹ì� 기준으로 Ault & Company와 Mr. AultëŠ� ì´� ì˜ê²°ê¶Œì˜ 57.18%ë¥� 통제합니ë‹�. 서류ëŠ� 시리ì¦� Cì—� 대í•� $50,000,000, 시리ì¦� Gì—� 대í•� $960,000, 시리ì¦� Hì—� 대í•� $4,000,000ì—� 해당하는 ìš°ì„ ì£� ë°� 워런íŠ� 매입ì� ìƒì„¸íž� 설명하고 있으ë©�, ì´ì „ì� 전환사채 ë°� ì›ŒëŸ°íŠ¸ë„ ê¸°ìˆ í•˜ê³  있습니다; ì¼ë¶€ ì „í™˜ì€ NYSE American 규정ì—� ì˜í•´ 제한ë©ë‹ˆë‹�.

Hyperscale Data, Inc. - Le Schedule 13D/A (Amendement n°10) révèle qu'Ault & Company, Inc. et les personnes affiliées déclarantes détiennent conjointement la majorité de l'intérêt économique dans l'émetteur. Le dépôt indique qu'Ault & Company peut être présumée bénéficier de 131 446 273 actions de Classe A (°ù±ð±è°ùé²õ±ð²Ô³Ù²¹²Ô³Ù 82,21% des actions de Classe A sur une base de conversion) et que M. Milton C. Ault, III peut être présumé détenir 131 449 069 actions de Classe A (82,22%). Sur la base des titres en circulation déclarés, Ault & Company et M. Ault contrôlent 57,18% du pouvoir de vote total. Le dossier détaille des achats d'actions privilégiées et de bons de souscription pour un total de $50 000 000 pour la Série C, $960 000 pour la Série G et $4 000 000 pour la Série H, et décrit des billets convertibles et des warrants antérieurs; certaines conversions sont limitées par les règles de la NYSE American.

Hyperscale Data, Inc. - Das Schedule 13D/A (Änderung Nr. 10) legt offen, dass Ault & Company, Inc. und die zu meldenden verbundenen Personen zusammenmehrheitlich wirtschaftliches Interesse am Emittenten halten. Die Einreichung berichtet, dass Ault & Company möglicherweise wirtschaftlicher Eigentümer von 131.446.273 Class-A-Aktien ist (das entspricht 82,21% der Class-A-Aktien auf Umtauschbasis) und Herr Milton C. Ault, III möglicherweise wirtschaftlicher Eigentümer von 131.449.069 Class-A-Aktien (82,22%). Basierend auf den gemeldeten ausstehenden Wertpapieren kontrollieren Ault & Company und Herr Ault 57,18% der gesamten Stimmrechte. Die Einreichung beschreibt Käufe von Vorzugsaktien und Warrants in Höhe von insgesamt $50.000.000 für Serie C, $960.000 für Serie G und $4.000.000 für Serie H und erwähnt frühere wandelbare Schuldverschreibungen und Warrants; bestimmte Umwandlungen sind durch NYSE American-Regeln eingeschränkt.

Positive
  • Ault & Company provided substantial capital to the issuer through multiple financings, including a $50,000,000 Series C purchase
  • Clear documentation of securities and agreements (Series C, G, H SPAs, warrants, purchase agreements and prior notes are attached or incorporated)
Negative
  • Extremely concentrated ownership: Ault & Company and Mr. Ault collectively control a large majority economic position (82.21% of Class A on conversion) and 57.18% of voting power
  • Potential dilution and governance risk for other shareholders due to large convertible preferred and warrant positions
  • Conversion limitations: 4,467,508 Class A shares issuable on Series H conversion are excluded from the beneficial total due to NYSE American conversion limits, which may complicate timing of conversions

Insights

TL;DR: Ault & Company holds dominant economic and voting exposure via convertible preferreds and warrants, creating concentrated ownership and potential dilution.

The filing shows Ault & Company beneficially owning 131.45 million Class A shares on a conversion basis (~82.21% of Class A on conversion) and controlling 57.18% of voting power when factoring multi-class voting and outstanding convertible securities. Material financings include a $50.0 million Series C purchase, $960k Series G and $4.0 million Series H purchases, plus warrants and earlier convertible notes. For investors, this means governance and capital-structure outcomes will be strongly influenced by Ault's decisions; conversion mechanics and NYSE American conversion limits are important constraints described in the filing.

TL;DR: The holder has near-de facto control through convertible instruments and substantial preferred investments, which is material to strategic direction.

Ault & Company's aggregated position—supported by Series C, G and H preferred issuances and warrants—creates a controlling stake in both economic exposure and voting outcomes. The filing documents multiple securities purchase agreements and note transactions that established these positions, including a $50 million Series C financing. The concentration presents potential for coordinated corporate actions, restructurings or transaction approvals driven by the reporting persons; NYSE conversion limitations and specified conversion-price formulas are described and may affect timing or scope of any conversion-driven changes.

Hyperscale Data, Inc. - Il Schedule 13D/A (Emendamento n. 10) indica che Ault & Company, Inc. e i soggetti correlati che presentano la dichiarazione detengono congiuntamente la maggioranza dell'interesse economico nell'emittente. Il deposito segnala che Ault & Company può essere considerata beneficiaria di 131.446.273 azioni di Classe A (pari al 82,21% delle azioni di Classe A su base di conversione) e che il Sig. Milton C. Ault, III può essere considerato beneficiario di 131.449.069 azioni di Classe A (82,22%). In base ai titoli in circolazione riportati, Ault & Company e il Sig. Ault controllano il 57,18% del potere di voto totale. Il documento descrive acquisti di azioni privilegiate e warrant per un totale di $50.000.000 per la Serie C, $960.000 per la Serie G e $4.000.000 per la Serie H, e riferisce precedenti note convertibili e warrant; alcune conversioni sono soggette ai limiti delle regole della NYSE American.

Hyperscale Data, Inc. - El Schedule 13D/A (Enmienda n.º 10) revela que Ault & Company, Inc. y las personas vinculadas que informan poseen colectivamente la mayoría del interés económico en el emisor. La presentación informa que Ault & Company puede considerarse la beneficiaria de 131.446.273 acciones Clase A (representando el 82,21% de las Clase A en base a conversión) y que el Sr. Milton C. Ault, III puede considerarse beneficiario de 131.449.069 acciones Clase A (82,22%). Según los valores en circulación reportados, Ault & Company y el Sr. Ault controlan el 57,18% del poder de voto total. El documento detalla compras de acciones preferentes y warrants por $50.000.000 para la Serie C, $960.000 para la Serie G y $4.000.000 para la Serie H, y describe notas convertibles y warrants previos; ciertas conversiones están limitadas por las normas de la NYSE American.

Hyperscale Data, Inc. - Schedule 13D/A(수정ì•� 10í˜�)ëŠ� Ault & Company, Inc.와 ê´€ë � ë³´ê³ ìžê°€ 발행회사ì—� 대í•� 경제ì � 과반 ì§€ë¶„ì„ ê³µë™ ë³´ìœ í•˜ê³  있ìŒì� 공시합니ë‹�. 제출서류ì—� 따르ë©� Ault & CompanyëŠ� 131,446,273 í´ëž˜ìŠ� A 주ì‹ì� 실질ì ìœ¼ë¡� 보유í•� 것으ë¡� 간주ë� ìˆ� 있으ë©�(전환 기준 í´ëž˜ìŠ� Aì� 82.21%), Milton C. Ault, IIIëŠ� 131,449,069 í´ëž˜ìŠ� A 주ì‹(82.22%)ì� 실질ì ìœ¼ë¡� 보유í•� 것으ë¡� 간주ë� ìˆ� 있습니다. ë³´ê³ ë� 발행주ì‹ì� 기준으로 Ault & Company와 Mr. AultëŠ� ì´� ì˜ê²°ê¶Œì˜ 57.18%ë¥� 통제합니ë‹�. 서류ëŠ� 시리ì¦� Cì—� 대í•� $50,000,000, 시리ì¦� Gì—� 대í•� $960,000, 시리ì¦� Hì—� 대í•� $4,000,000ì—� 해당하는 ìš°ì„ ì£� ë°� 워런íŠ� 매입ì� ìƒì„¸íž� 설명하고 있으ë©�, ì´ì „ì� 전환사채 ë°� ì›ŒëŸ°íŠ¸ë„ ê¸°ìˆ í•˜ê³  있습니다; ì¼ë¶€ ì „í™˜ì€ NYSE American 규정ì—� ì˜í•´ 제한ë©ë‹ˆë‹�.

Hyperscale Data, Inc. - Le Schedule 13D/A (Amendement n°10) révèle qu'Ault & Company, Inc. et les personnes affiliées déclarantes détiennent conjointement la majorité de l'intérêt économique dans l'émetteur. Le dépôt indique qu'Ault & Company peut être présumée bénéficier de 131 446 273 actions de Classe A (°ù±ð±è°ùé²õ±ð²Ô³Ù²¹²Ô³Ù 82,21% des actions de Classe A sur une base de conversion) et que M. Milton C. Ault, III peut être présumé détenir 131 449 069 actions de Classe A (82,22%). Sur la base des titres en circulation déclarés, Ault & Company et M. Ault contrôlent 57,18% du pouvoir de vote total. Le dossier détaille des achats d'actions privilégiées et de bons de souscription pour un total de $50 000 000 pour la Série C, $960 000 pour la Série G et $4 000 000 pour la Série H, et décrit des billets convertibles et des warrants antérieurs; certaines conversions sont limitées par les règles de la NYSE American.

Hyperscale Data, Inc. - Das Schedule 13D/A (Änderung Nr. 10) legt offen, dass Ault & Company, Inc. und die zu meldenden verbundenen Personen zusammenmehrheitlich wirtschaftliches Interesse am Emittenten halten. Die Einreichung berichtet, dass Ault & Company möglicherweise wirtschaftlicher Eigentümer von 131.446.273 Class-A-Aktien ist (das entspricht 82,21% der Class-A-Aktien auf Umtauschbasis) und Herr Milton C. Ault, III möglicherweise wirtschaftlicher Eigentümer von 131.449.069 Class-A-Aktien (82,22%). Basierend auf den gemeldeten ausstehenden Wertpapieren kontrollieren Ault & Company und Herr Ault 57,18% der gesamten Stimmrechte. Die Einreichung beschreibt Käufe von Vorzugsaktien und Warrants in Höhe von insgesamt $50.000.000 für Serie C, $960.000 für Serie G und $4.000.000 für Serie H und erwähnt frühere wandelbare Schuldverschreibungen und Warrants; bestimmte Umwandlungen sind durch NYSE American-Regeln eingeschränkt.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Represents (i) 19,249 shares of class A common stock ("Class A Shares"), (ii) 4,234,561 shares of Class A Shares issuable upon conversion of 4,234,561 shares of class B common stock ("Class B Shares"), (iii) 119,196,615 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock, (iv) 2,288,575 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock, (v) 5,068,221 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock and (vi) 639,052 Class A Shares issuable upon exercise of outstanding warrants. Excludes 4,467,508 shares of Class A Shares issuable upon conversion of Series H Preferred Stock due to NYSE American limitations on conversion without stockholder approval. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock are based upon a conversion price of $0.419475. (2) In accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, the Reporting Person's beneficial ownership percentage was determined by dividing (a) the sum of (i) the outstanding Class A Shares beneficially owned by the Reporting Person and (ii) the number of Class A Shares that the Reporting Person is entitled to acquire upon (x) conversion of the outstanding Class B Shares, (y) conversion of the outstanding Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock, and (z) the outstanding warrants, beneficially owned by the Reporting Person at any time within the next 60 days (all of which are immediately convertible); by (b) the sum of (i) the 28,454,714 Class A Shares outstanding as of September 4, 2025, as reported by the Issuer to the Reporting Persons, and (ii) the 131,427,024 Class A Shares that the Reporting Person is entitled to acquire upon conversion and exercise of the Reporting Person's Class B Shares, Series C Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and warrants at any time within the next 60 days.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Represents (i) 2,450 Class A Shares and (ii) 346 Class A Shares issuable upon conversion of 346 Class B Shares and (iii) one (1) Class A Share underlying a stock option currently exercisable or exercisable within 60 days. (2) Represents (i) 19,249 Class A Shares held by Ault & Company, Inc. ("A&C"), (ii) 4,234,561 Class A Shares issuable upon conversion of 4,234,561 Class B Shares held by A&C, (iii) 119,196,615 Class A Shares issuable upon conversion of 50,000 shares of Series C Convertible Preferred Stock held by A&C, (iv) 2,288,575 Class A Shares issuable upon conversion of 960 shares of Series G Convertible Preferred Stock held by A&C, (v) 5,068,221 Class A Shares issuable upon conversion of 4,000 shares of Series H Convertible Preferred Stock held by A&C and (vi) 639,052 Class A Shares issuable upon exercise of outstanding warrants held by A&C. Excludes 4,467,508 shares of Class A Shares issuable upon conversion of Series H Preferred Stock due to NYSE American limitations on conversion without stockholder approval. Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $183.58 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series G Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $6.74 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion. For purposes of this Schedule 13D filing, the calculations for the number of Class A Shares issuable upon conversion of the Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock are based upon a conversion price of $0.419475. (2) In accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, the Reporting Person's beneficial ownership percentage was determined by dividing (a) the sum of (i) the outstanding Class A Shares beneficially owned by the Reporting Person and (ii) the number of Class A Shares that the Reporting Person is entitled to acquire upon (x) conversion of the outstanding Class B Shares, (y) conversion of the outstanding Series C Preferred Stock, Series G Preferred Stock and Series H Preferred Stock, and (z) the outstanding warrants, beneficially owned by the Reporting Person at any time within the next 60 days (all of which are immediately convertible); by (b) the sum of (i) the 28,454,714 Class A Shares outstanding as of September 4, 2025, as reported by the Issuer to the Reporting Persons, and (ii) the 131,427,370 Class A Shares that the Reporting Person is entitled to acquire upon conversion and exercise of the Reporting Person's Class B Shares, Series C Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and warrants at any time within the next 60 days.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Represents one (1) Class A Share issuable upon conversion of one (1) Class B Share.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Represents (i) two (2) Class A Shares and (ii) one (1) Class A Share issuable upon conversion of one (1) Class B Share.


SCHEDULE 13D






SCHEDULE 13D


Ault & Company, Inc.
Signature:/s/ Milton C. Ault, III
Name/Title:Chief Executive Officer
Date:09/04/2025
AULT MILTON C III
Signature:/s/ Milton C. Ault, III
Name/Title:MILTON C. AULT, III
Date:09/04/2025
Horne William B
Signature:/s/ William B. Horne
Name/Title:WILLIAM B. HORNE
Date:09/04/2025
Nisser Henry Carl
Signature:/s/ Henry C.W. Nisser
Name/Title:HENRY C.W. NISSER
Date:09/04/2025
CRAGUN KENNETH S
Signature:/s/ Kenneth S. Cragun
Name/Title:KENNETH S. CRAGUN
Date:09/04/2025

FAQ

How many Class A shares does Ault & Company beneficially own according to the filing (GPUS)?

Ault & Company may be deemed to beneficially own 131,446,273 Class A shares (reported as 82.21% of Class A on a conversion basis).

What voting power do Ault & Company and Milton C. Ault, III control?

Based on reported outstanding securities, Ault & Company and Mr. Ault control 57.18% of the issuer's total voting power.

What financings did Ault & Company make in Hyperscale Data, Inc.?

Notable financings disclosed include a $50,000,000 purchase of Series C preferred and associated warrants, $960,000 for Series G, and $4,000,000 for Series H preferred stock, plus earlier convertible notes and warrants.

Are there limitations on converting preferred shares into Class A shares?

Yes. The filing excludes 4,467,508 Class A shares issuable on conversion of Series H preferred due to NYSE American limitations requiring stockholder approval for conversion without approval.

Does the filing disclose prior debt or note transactions with Ault & Company?

Yes. The filing references an 8% convertible promissory note and a senior secured convertible promissory note sold to Ault & Company (the Senior Note), and states the Senior Note was subsequently repaid.
Hyperscale Data Inc.

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