DealsJun 18, 2026, 04:47 PM
Hyperscale Data to Sell Up to $300M in Stock; Declares Preferred Dividends
AI Summary
Hyperscale Data, Inc. has entered into an At-the-Market Issuance Sales Agreement with Spartan Capital Securities, LLC, allowing for the sale of up to $300 million of its common stock. The company intends to use the net proceeds for developing its data facilities, acquiring Bitcoin, and purchasing precious metals, with remaining funds for working capital and general corporate purposes. Additionally, Hyperscale Data declared monthly cash dividends for its Series D and Series E preferred stocks, with record dates set for June 30, 2026, and payment dates for July 10, 2026.
Key Highlights
- Hyperscale Data, Inc. entered an At-the-Market Issuance Sales Agreement with Spartan Capital Securities, LLC.
- The agreement allows for the sale of up to $300 million of Class A common stock.
- Proceeds will be used for data facility development, Bitcoin acquisition, and precious metals purchase.
- Hyperscale Data declared monthly cash dividends for Series D ($0.2708333/share) and Series E ($0.20833/share) preferred stock.
- The record date for dividends is June 30, 2026, with a payment date of July 10, 2026.
Price Impact
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