Ault Alliance shareholders approve reverse stock split (1:10 to 1:300); reject increase in authorized shares

Hyperscale Data, Inc.

Stockholders approved reverse stock split of Common Stock at board-determined ratio between 1:10 and 1:300, with 318.2M votes for, 85.4M against.
Proposal to increase authorized Common Stock from 500M to 1B shares was rejected (142.8M for, 78.2M against, 396.8k abstain).
Board may implement the reverse split any time before May 14, 2024, at its sole discretion.
Meeting held May 15, 2023; record date April 10, 2023; 415.7M common shares outstanding and entitled to vote.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Hyperscale Data, Inc. shareholders approved Approval of the amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Common Stock by a ratio of not less than one-for-ten and not more than one-for-three hundred at any time prior to May 14, 2024, with the exact ratio to be set at a whole number within this at the 2023-05-15 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-05-15

Exact text from the filing

Proposal One : Approval of the amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Common Stock by a ratio of not less than one-for-ten and not more than one-for-three hundred at any time prior to May 14, 2024, with the exact ratio to be set at a whole number within this range as determined by the Company’s board of directors in its sole discretion. For Against Abstain Broker Non-Votes 318,160,934 85,363,956 840,102 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Hyperscale Data, Inc. shareholders rejected Approval of the amendment to the Company’s Certificate of Incorporation to increase the authorized shares of Common Stock from 500,000,000 to 1,000,000,000. at the 2023-05-15 meeting.

Proposal: charter amendment
Outcome: failed
Meeting: 2023-05-15

Exact text from the filing

Proposal Two : Approval of the amendment to the Company’s Certificate of Incorporation to increase the authorized shares of Common Stock from 500,000,000 to 1,000,000,000. For Against Abstain Broker Non-Votes 142,795,703 78,170,221 396,839 0

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63 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-007202

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