Hyperscale data enters into an agreement for a financing of up to $25 million

Las vegas, dec. 23, 2024 (globe newswire) -- hyperscale data, inc. (nyse american: gpus), a diversified holding company (“hyperscale data” or the “company”), announced today that it has entered into a securities purchase agreement (the “agreement”) providing for up to $25 million of financing (the “financing”) from ault & company, inc., a related party (“a&c”). pursuant to the agreement, hyperscale data has agreed to issue and sell to a&c up to $25 million in shares of series g convertible preferred stock (the “preferred shares”).
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