-+ 0.00%
-+ 0.00%
-+ 0.00%
Hyperscale Data Reduces Size Of ATM Offering From $300M To $100M
Share
Listen to the news

The Company will file a supplement to the Prospectus Supplement (the "Supplement") with the SEC to decrease the amount of Common Stock that may be offered and sold in the ATM Offering under the Sales Agreement to $100,000,000 in the aggregate. As of the date of this Current Report on Form 8-K, the Company has sold an aggregate of 121,827,841 Placement Shares for aggregate gross proceeds (prior to paying expenses associated with the Agreement and commissions to the Agent) of Forty-Nine Million Seven Hundred Eighty-One Thousand Eight Hundred Eighty-Five Dollars ($49,781,885). 

As previously reported, on June 18, 2026, Hyperscale Data, Inc. (the "Company") entered into an At-the-Market Issuance Sales Agreement (the "Sales Agreement") with Spartan Capital Securities, LLC, as sales agent (the "Agent") to sell shares of its Class A common stock, par value $0.001 (the "Common Stock"), from time to time, through an "at the market offering" (the "ATM Offering") as defined in Rule 415 under the Securities Act of 1933, as amended (the "Securities Act"). The Company filed with the SEC, in accordance with the provisions of the Securities Act, and the rules and regulations thereunder, a registration statement (the "Registration Statement") on Form S-3 (File No. 333-291595), including a base prospectus, relating to certain securities, including the Placement Shares, to be issued from time to time by the Company, and which incorporates by reference documents that the Company has filed or will file in accordance with the provisions of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder.

The Registration Statement was filed on November 17, 2025 and was declared effective by the SEC on December 11, 2025. On June 18, 2026, the Company filed a prospectus supplement with the Securities and Exchange Commission ("SEC") relating to the offer and sale of up to $300,000,000 of common stock in the ATM Offering (collectively, the "Prospectus Supplement").

 

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending