Ault & Company, Inc. - 23 Jul 2024 Form 3 Insider Report for Hyperscale Data, Inc. (GPUS)

Role
10%+ Owner
Signature
/s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc.
Issuer symbol
GPUS
Transactions as of
23 Jul 2024
Net transactions value
$0
Form type
3
Filing time
20 Jun 2025, 18:50:41 UTC
Previous filing
21 Jun 2021
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ault & Company, Inc. 10%+ Owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 190, LAS VEGAS /s/ Milton C. Ault, III, Chief Executive Officer of Ault & Company, Inc. 20 Jun 2025 0001734770

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GPUS Common Stock 721 23 Jul 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GPUS Series C Convertible Preferred Stock 23 Jul 2024 Common Stock Direct F2, F3, F4
holding GPUS Series C Warrants 23 Jul 2024 Common Stock 371,661 $118.39 Direct F2, F5
holding GPUS October 2023 Warrants 23 Jul 2024 Common Stock 54,498 $160.74 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All price and ownership figures have been adjusted for the 1-for-35 reverse stock split on November 22, 2024.
F2 Each share of Series C Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $306.25 or (B) 105% of the volume weighted average price of the Common Stock during the ten trading days immediately prior to the date of conversion (the "Conversion Price"). The Conversion Price is subject to adjustment in the event of an issuance of Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.
F3 The Series C Convertible Preferred Stock has no expiration date.
F4 As of June 20, 2025, the Conversion Price was $1.0721 per share, so each share of Series C Convertible Preferred Stock is convertible into approximately 932.75 shares of Common Stock.
F5 The October 2023 and the Series C Warrants have a five-year term, expiring on the fifth anniversary of the date of issuance, and become exercisable on the first business day after the six-month anniversary of the date of issuance.

Remarks:

Mr. Ault, Chief Executive Officer of Ault & Company, Inc. ("Ault & Co."), is a director of the Issuer. For purposes of Section 16 of the Exchange Act, Ault & Co. may be deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer. The holdings reported herein were previously disclosed on Section 16 filings made by Mr. Ault, and this filing is being made solely for the purpose of identifying Ault & Co. directly as reporting person for Section 16 purposes.