Hyperscale Data Terminates ATM Sales Agreement, Evaluates Future Capital Options
Hyperscale Data Announces Termination of the Sales Agreement Providing for Its ATM Offering
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Hyperscale Data, Inc. has terminated its At-the-Market (ATM) Issuance Sales Agreement, having raised approximately $24.7 million from the sale of 137.6 million shares. The termination process began on May 27, 2026, and will be effective on June 8, 2026. The company plans to explore future capital market options.
- 01Hyperscale Data raised around $24.7 million through the sale of 137.6 million shares under the ATM agreement.
- 02The termination of the ATM agreement was initiated on May 27, 2026, and will officially take effect on June 8, 2026.
- 03The company will not conduct any further sales of its Common Stock under the terminated ATM agreement.
- 04Hyperscale Data operates a data center through its subsidiary, Sentinum, Inc., focused on AI and digital asset mining.
- 05The company anticipates a divestiture of its subsidiary, Ault Capital Group, Inc., in the second quarter of 2027.
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Hyperscale Data, Inc. (NYSE: GPUS), an AI-focused data center company, has announced the termination of its amended At-the-Market (ATM) Issuance Sales Agreement with Spartan Capital Securities, LLC, and Wilson-Davis & Co., Inc. The agreement, effective from January 16, 2026, allowed the company to sell shares of its Class A common stock, raising approximately $24.7 million from the sale of 137.6 million shares at about $0.1793 per share. The termination process began on May 27, 2026, and will be finalized on June 8, 2026. Following this termination, Hyperscale Data will not engage in further sales under the ATM and will have no obligations related to it. The company is considering future capital market options that align with its interests and those of its stockholders. Additionally, Hyperscale Data operates a data center through its subsidiary, Sentinum, Inc., and is preparing for a divestiture of Ault Capital Group, Inc. in the second quarter of 2027, which will transition the company into a focused operator of data centers supporting high-performance computing.
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The termination of the ATM agreement may affect the company's ability to raise funds for future projects, impacting its operational capabilities.
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