Hyperscale Data Inc. Files IPO Amendment
Ticker: GPUS-PD · Form: S-1/A · Filed: Nov 5, 2024 · CIK: 896493
| Field | Detail |
|---|---|
| Company | Hyperscale Data, INC. (GPUS-PD) |
| Form Type | S-1/A |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001, $37.5 million, $22.58, $36 million, $38.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, sec-filing, amendment
TL;DR
Hyperscale Data (fka Ault Alliance) filed an S-1/A for its IPO. Get ready.
AI Summary
Hyperscale Data, Inc. (formerly Ault Alliance, Inc.) filed an S-1/A amendment on November 4, 2024, for its initial public offering. The company, incorporated in Delaware, is seeking to register an unspecified number of shares. Its principal executive offices are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, Nevada.
Why It Matters
This S-1/A filing indicates Hyperscale Data, Inc. is moving forward with its public offering, which could provide significant capital for expansion and operations.
Risk Assessment
Risk Level: medium — As an S-1/A filing, it represents a company seeking to go public, which inherently carries risks associated with market reception and operational execution.
Key Numbers
- 333-281109 — SEC File Number (Identifies the registration statement with the SEC.)
- 241425518 — Film Number (Internal SEC processing number.)
Key Players & Entities
- Hyperscale Data, Inc. (company) — Registrant
- Ault Alliance, Inc. (company) — Former name of registrant
- BitNile Holdings, Inc. (company) — Former name of registrant
- Ault Global Holdings, Inc. (company) — Former name of registrant
- Henry Nisser (person) — Contact person mentioned
- November 4, 2024 (date) — Filing date of amendment
- 11411 Southern Highlands Parkway, Suite 240, Las Vegas, Nevada 89141 (address) — Principal executive offices
FAQ
What is the primary business of Hyperscale Data, Inc.?
The filing indicates the company's Standard Industrial Classification is 'ELECTRONIC COMPONENTS, NEC [3679]', suggesting a focus related to electronic components manufacturing.
When was the company formerly known as Ault Alliance, Inc. renamed Hyperscale Data, Inc.?
The filing states the date of the name change from Ault Alliance, Inc. to Hyperscale Data, Inc. was January 3, 2023.
What is the company's state of incorporation?
Hyperscale Data, Inc. is incorporated in Delaware.
What is the company's fiscal year end?
The company's fiscal year ends on December 31st.
Who is listed as a contact person for the filing?
Henry Nisser is mentioned in the filing as a contact person.
Filing Stats: 4,343 words · 17 min read · ~14 pages · Grade level 16.5 · Accepted 2024-11-05 06:27:45
Key Financial Figures
- $0.001 — le Perpetual Preferred Stock, par value $0.001 per share (“Series D Preferred St
- $37.5 million — at our direction, up to an aggregate of $37.5 million of shares of Series D Preferred Stock (
- $22.58 — tock, as reported by NYSE American, was $22.58 per share. We are a “smaller re
- $36 million — pany”), a related party, borrowed $36 million and issued secured promissory notes to
- $38.9 million — the lenders in the aggregate amount of $38.9 million (collectively, the “Secured Notes
- $3.5 million — ntee of repayment of the Secured Notes. $3.5 million of cash was paid into the Segregated Ac
- $7 m — the Segregated Account be not less than $7 million, $15 million, $20 million and $27
- $15 m — ed Account be not less than $7 million, $15 million, $20 million and $27.5 million on
- $20 million — not less than $7 million, $15 million, $20 million and $27.5 million on the five-month, ni
- $27.5 million — 7 million, $15 million, $20 million and $27.5 million on the five-month, nine-month, one-year
- $0.3 million — h 31, 2024, we were required to deposit $0.3 million monthly into the Segregated Account, wh
- $0.4 million — Segregated Account, which increases to $0.4 million monthly starting March 31, 2025. Furthe
- $7 million — Segregated Account, (i) up to the first $7 million of net proceeds, if any, from the sale
- $9 million — ings we conduct, which shall not exceed $9 million in the aggregate; and (iv) 25% of the n
- $5 million — ation payments), which shall not exceed $5 million in the aggregate. In addition, if we de
Filing Documents
- h111240s1a2.htm (S-1/A) — 807KB
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- 0001214659-24-018390.txt ( ) — 7129KB
RISK FACTORS
RISK FACTORS 26 COMMITTED EQUITY FINANCING 55
USE OF PROCEEDS
USE OF PROCEEDS 59 DESCRIPTION OF THE SERIES D PREFERRED STOCK 60 SELLING STOCKHOLDER 68 PLAN OF DISTRIBUTION (CONFLICTS OF INTEREST) 69 LEGAL MATTERS 71 EXPERTS 71 INFORMATION INCORPORATED BY REFERENCE 71 WHERE YOU CAN FIND MORE INFORMATION 72 i ABOUT THIS PROSPECTUS This prospectus is part of a Registration Series D Preferred Stock, as described in this prospectus. We will not receive any proceeds from the sale by the Selling Stockholder of the securities described in this prospectus. You should rely only on the information contained in this prospectus, any supplement to this prospectus or in any free writing prospectus, filed with the SEC. Neither we nor the Selling Stockholder have authorized anyone to provide you with additional information or information different from that contained in this prospectus, or any applicable prospectus supplement or any free writing prospectuses prepared by us or on our behalf and filed with the SEC. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The Selling Stockholder is offering to sell our securities only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating to these offerings. The prospectus supplement or post-effective amendment, as the case may be, may add, update or change information contained in this prospectus wi
forward-looking statements in this document. See “ Cautionary Note Regarding Forward-Looking Statements .”
forward-looking statements in this document. See “ Cautionary Note Regarding Forward-Looking Statements .” iii CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This registration statement, of which this prospectus forms a part, contains forward-looking statements. All statements other than statements of historical fact contained herein, including statements regarding our business plans or strategies, projected or anticipated benefits or other consequences of our plans or strategies are forward-looking statements. Words such as “anticipates,” “assumes,” “believes,” “can,” “could,” “estimates,” “expects,” “forecasts,” “guides,” “intends,” “is confident that,” “may,” “plans,” “seeks,” “projects,” “targets,” and “would,” and their opposites and similar expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will actually be achieved. Forward-looking statements are based on information we have when those statements are made or our management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to: · we will need to raise additional capital to fund our operations in furtherance of our business plan; · we have an evolving business model, which increases the complexity of our business; · our Bitcoin mining operations present a number of ris