Ault Lending & Affiliates Amend Filing for Hyperscale Data

TL;DR

Ault Lending group filed 13D/A for Hyperscale Data & Algorhythm Holdings - ownership changes incoming.

AI Summary

On September 30, 2024, Ault Lending, LLC, along with Henry C. W. Nisser, James M. Turner, Kenneth S. Cragun, and Milton C. Ault, III, filed an SC 13D/A amendment. This filing relates to Hyperscale Data, Inc. (formerly known as BitNile Holdings, Inc. and Ault Alliance, Inc.) and Algorhythm Holdings, Inc. (formerly known as Singing Machine Co Inc). The filing indicates a change in beneficial ownership or control concerning these entities.

Why It Matters

This amendment to a Schedule 13D/A filing signals a potential shift in control or significant stakeholding in Hyperscale Data, Inc. and Algorhythm Holdings, Inc., which could impact their stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and strategic shifts for the involved companies.

Key Players & Entities

• Ault Lending, LLC (company) — Filer of SC 13D/A
• Henry C. W. Nisser (person) — Group Member
• James M. Turner (person) — Group Member
• Kenneth S. Cragun (person) — Group Member
• Milton C. Ault, III (person) — Group Member
• Hyperscale Data, Inc. (company) — Subject Company
• Algorhythm Holdings, Inc. (company) — Subject Company
• BitNile Holdings, Inc. (company) — Former Name of Hyperscale Data, Inc.
• Ault Alliance, Inc. (company) — Former Name of Hyperscale Data, Inc.
• Singing Machine Co Inc (company) — Former Name of Algorhythm Holdings, Inc.

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
• $113,834.96 — nding’s aggregate expenditures by $113,834.96. Consequently, as of the date of this A
• $9,440,090.79 — lt Lending has expended an aggregate of $9,440,090.79 for the purchase of the Shares. Item

Filing Documents

• o930242sc13da9.htm (SC 13D/A) — 111KB
• 0001214659-24-016891.txt ( ) — 114KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

of the Schedule 13D is hereby amended

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The Shares purchased by Ault Lending were purchased with working capital in open market purchases. The Shares transacted by Ault Lending as reported on this Amendment No. 9 decreased Ault Lending’s aggregate expenditures by $113,834.96. Consequently, as of the date of this Amendment No. 9, Ault Lending has expended an aggregate of $9,440,090.79 for the purchase of the Shares.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer .

of the Schedule 13D is hereby amended

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The aggregate percentage of Shares reported owned by each Reporting Person herein is based upon 9,736,850 Shares outstanding, which is the total number of Shares outstanding as of August 16, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 19, 2024. A. Hyperscale Data (a) As of the date hereof, Hyperscale Data may be deemed to beneficially own 1,452,984 Shares, consisting of Shares held by Ault Lending. Hyperscale Data may be deemed to beneficially own the Shares beneficially owned by Ault Lending by virtue of its relationship with such entity described in Item 2. Percentage: 14.9% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,452,984 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,452,984 (c) Hyperscale Data has not entered into any transactions in the Shares during the past sixty days. B. Ault Lending (a) As of the date hereof, Ault Lending beneficially owns 1,452,984 Shares held directly by it. Percentage: 14.9% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,452,984 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,452,984 (c) Other than as previously disclosed on the Schedule 13D and the transactions set forth in Schedule A attached hereto, which are both incorporated by reference, Ault Lending has not entered into any transactions in the Shares during the past sixty days. All of such transactions were effected in the open market. 8 C. Milton C. Ault, III (a) As of the date hereof, Mr. Ault may be deemed to beneficially own 1,452,984 Shares, consisting of Shares held by Ault Lending. Mr. Ault may be deemed to beneficially own the Shares beneficially owned by Ault

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 30, 2024 HYPERSCALE DATA, INC. /s/ MILTON C. AULT, III MILTON C. AULT, III By: /s/ MILTON C. AULT, III Name: Milton C. Ault, III Title: Executive Chairman AULT LENDING, LLC /s/ KENNETH S. CRAGUN KENNETH S. CRAGUN By: /s/ DAVID J. KATZOFF Name: David J. Katzoff Title: Manager /s/ HENRY C.W. NISSER Henry C. W. Nisser /s/ JAMES M. TURNER JAMES M. TURNER 11 SCHEDULE A Transactions in the Shares of Common Stock During the Last Sixty Days Ault Lending, LLC Nature of the Transaction Shares of Common Stock Purchased / (Sold) Price Per Share ($) Date of Transaction Sale of Common Stock (200) 0.6033 09/20/2024 Sale of Common Stock (17,733) 0.5813 09/23/2024 Sale of Common Stock (38,459) 0.5696 09/24/2024 Sale of Common Stock (21,300) 0.5502 09/25/2024 Sale of Common Stock (29,400) 0.5237 09/26/2024 Sale of Common Stock (107,016) 0.5082 09/27/2024 12

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View this SC 13D/A filing on SEC EDGAR