PLTR
Palantir
-- 76.070 NVDA
NVIDIA
-- 134.250 MSTR
MicroStrategy
-- 408.670 SMCI
Super Micro Computer
-- 36.450 TSLA
Tesla
-- 436.230 
NEWS
Ault & Company, Inc. Announces Its Intention to Commence a Dutch Tender Offer to Acquire Approximately 111,000 Shares of Common Stock (Representing 10% of the Outstanding Common Stock) of Hyperscale Data, Inc.
Friday, 6th December at 6:30 am
LAS VEGAS, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Ault & Company, Inc. ("Ault & Company" or the "Purchaser"), today announced that it intends to initiate a cash tender offer to purchase up to 111,000 shares of Class A Common Stock, $0.001 par value per share ("Common Stock"), of Hyperscale Data, Inc., a Delaware corporation (the "Company"), at a price not greater than $10.00 nor less than $7.50 per share of Common Stock, net to the seller in cash, less any applicable withholding taxes and without interest (the "Offer"). The exact price will be determined through a modified Dutch auction described in the offering materials to be filed with the Securities and Exchange Commission (the "SEC") upon commencement of the Offer.
The Purchaser intends to make this Offer because it believes the Company's current stock price is below the Company's long-term intrinsic value per share. The price of $10.00 and $7.50 per share of Common Stock represent approximately 100% and 50% increases, respectively, over the last reported sales price of the Common Stock of $4.98 on December 5, 2024 (the "Closing Price"), on the NYSE American.
The principal business of Ault & Company is investing in securities. Ault & Company, together with its affiliates (including, Milton C. Ault III, the Company's Executive Chairman, William Horne, the Company's Chief Executive Officer and Vice Chairman, Henry Nisser, the Company's President, General Counsel and Director and Ken Cragun, the Company's Chief Financial Officer), beneficially own approximately 85.7% of the Company's outstanding shares of Common Stock, primarily through the ownership of Series C Convertible Preferred Stock and warrants to purchase Common Stock.
Friday, 6th December at 6:30 am
LAS VEGAS, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Ault & Company, Inc. ("Ault & Company" or the "Purchaser"), today announced that it intends to initiate a cash tender offer to purchase up to 111,000 shares of Class A Common Stock, $0.001 par value per share ("Common Stock"), of Hyperscale Data, Inc., a Delaware corporation (the "Company"), at a price not greater than $10.00 nor less than $7.50 per share of Common Stock, net to the seller in cash, less any applicable withholding taxes and without interest (the "Offer"). The exact price will be determined through a modified Dutch auction described in the offering materials to be filed with the Securities and Exchange Commission (the "SEC") upon commencement of the Offer.
The Purchaser intends to make this Offer because it believes the Company's current stock price is below the Company's long-term intrinsic value per share. The price of $10.00 and $7.50 per share of Common Stock represent approximately 100% and 50% increases, respectively, over the last reported sales price of the Common Stock of $4.98 on December 5, 2024 (the "Closing Price"), on the NYSE American.
The principal business of Ault & Company is investing in securities. Ault & Company, together with its affiliates (including, Milton C. Ault III, the Company's Executive Chairman, William Horne, the Company's Chief Executive Officer and Vice Chairman, Henry Nisser, the Company's President, General Counsel and Director and Ken Cragun, the Company's Chief Financial Officer), beneficially own approximately 85.7% of the Company's outstanding shares of Common Stock, primarily through the ownership of Series C Convertible Preferred Stock and warrants to purchase Common Stock.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment