Hyperscale Data Inc. Amends Algorhythm Holdings Stake

TL;DR

Hyperscale Data Inc. just updated its stake in Algorhythm Holdings. Keep an eye on this.

AI Summary

Hyperscale Data, Inc. filed an amendment (Amendment No. 11) to its Schedule 13D on October 17, 2024, regarding its beneficial ownership of Algorhythm Holdings, Inc. The filing indicates a change in the reporting person's holdings, though specific dollar amounts or exact share counts are not detailed in this excerpt. Hyperscale Data, Inc. was formerly known as Ault Alliance, Inc., BitNile Holdings, Inc., and Ault Global Holdings, Inc.

Why It Matters

This filing signals a potential shift in control or significant investment activity by Hyperscale Data, Inc. in Algorhythm Holdings, Inc., which could impact the latter's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant ownership changes or activist intentions, which can introduce volatility.

Key Players & Entities

• Hyperscale Data, Inc. (company) — Reporting Person
• Algorhythm Holdings, Inc. (company) — Subject Company
• Ault Alliance, Inc. (company) — Former Name of Hyperscale Data, Inc.
• BitNile Holdings, Inc. (company) — Former Name of Hyperscale Data, Inc.
• Ault Global Holdings, Inc. (company) — Former Name of Hyperscale Data, Inc.

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
• $151,841.12 — nding’s aggregate expenditures by $151,841.12. Consequently, as of the date of this A
• $8,951,649.07 — lt Lending has expended an aggregate of $8,951,649.07 for the purchase of the Shares. Item

Filing Documents

• r1017240sc13da11.htm (SC 13D/A) — 110KB
• 0001214659-24-017657.txt ( ) — 112KB

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. 11 decreased Ault Lending’s aggregate expenditures by $151,841.12. Consequently, as of the date of this Amendment No. 11, Ault Lending has expended an aggregate of $8,951,649.07 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 601,045 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: 6.2% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 601,045 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 601,045 (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 601,045 Shares held directly by it. Percentage: 6.2% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 601,045 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 601,045 (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 601,045 Shares, consisting of Shares held by Ault Lending. Mr. Ault may be deemed to beneficially own the Shares beneficially owned by Ault Lending by virt

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: October 17, 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 (55,000) 0.5011 10/14/2024 Sale of Common Stock (76,500) 0.4636 10/15/2024 Sale of Common Stock (28,500) 0.3948 10/16/2024 Sale of Common Stock (183,955) 0.4217 10/17/2024 12

View Full Filing

View this SC 13D/A filing on SEC EDGAR