Corporate ActionMay 28, 2026, 06:51 AM
Hyperscale Data Terminates ATM Offering After Raising $24.7M
AI Summary
Hyperscale Data, Inc. announced the termination of its amended and restated At-the-Market (ATM) Issuance Sales Agreement, effective June 8, 2026. The company had utilized the ATM to sell approximately 137.6 million shares of Class A common stock, raising gross proceeds of about $24.7 million at an average price of $0.1793 per share. Hyperscale Data will cease further sales under the ATM and may evaluate other capital market options in the future.
Key Highlights
- Hyperscale Data terminated its At-the-Market (ATM) Issuance Sales Agreement.
- The termination notice was provided to Spartan Capital Securities, LLC on May 27, 2026.
- The official termination of the agreement is effective on June 8, 2026.
- The company sold approximately 137.6 million shares of Common Stock under the ATM.
- Gross proceeds from the ATM offering totaled approximately $24.7 million.
- The average price per share sold was approximately $0.1793.
- Hyperscale Data will not engage in further sales of Common Stock under the ATM.
- Upon termination, the company will have no further obligations related to the ATM.
Price Impact
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