Milton C. Ault III, Executive Chairman of Hyperscale Data, Inc. (NASDAQ:GPUS), recently purchased 500 shares of the company’s common stock. The shares were acquired at a price of $5.25 each, amounting to a total investment of $2,625. Following this transaction, Ault holds 6,849 shares indirectly through Ault & Company, Inc., where he serves as CEO.
Ault also maintains direct ownership of 432 shares of common stock and 116 shares of 13% Series D Cumulative Redeemable Perpetual Preferred Stock. The transactions reflect Ault's continued investment in Hyperscale Data, a company known for its electronic components manufacturing.
In other recent news, Hyperscale Data, Inc. has secured substantial funding through a series of financial transactions. The company has raised a total of $47.55 million through the sale of Series C convertible preferred stock and associated warrants. This move is part of the company's strategic efforts to strengthen its capital structure and fund its operations.
In addition, Hyperscale Data has completed a reverse stock split, consolidating every thirty-five shares into one. The company has also sold a real estate property in St. Petersburg, Florida for $13.2 million.
On the strategic front, Hyperscale Data is focusing on enhancing its data center operations, specifically its artificial intelligence (AI) data center in Michigan. The company plans to increase the facility's capacity from approximately 30 megawatts to 300 megawatts, contingent on necessary regulatory approvals and financing.
Lastly, Hyperscale Data's shareholders have approved the conversion of a 10% OID Convertible Promissory Note into common stock. These are the recent developments in Hyperscale Data's ongoing activity in the electronic components sector.
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