Hyperscale Data, Inc. (GPUS): auditor change — Ault Alliance restates Dec 2022 balance sheet; redeems $118M trust assets to current

Hyperscale Data, Inc.

Reclassified $117.993M redeemable noncontrolling interests from temporary equity to current liabilities.
Reclassified $118.193M cash and marketable securities held in trust from non-current to current assets.
No changes to consolidated statements of operations, comprehensive loss, or cash flows for FY 2022.
Management concluded disclosure controls and ICFR were ineffective; remediation plan in progress.

item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Hyperscale Data, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Marcum, LLP

Exact text from the filing

irectors has discussed the matters disclosed herein with Marcum, LLP, the Company’s independent registered public accounting firm.

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Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-007658

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