secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001214659-24-000708
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance approves 1-for-25 reverse stock split; reduces quorum threshold to 35%
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- Reverse stock split of common stock at 1:25 ratio effective Jan 16, 2024; split-adjusted trading begins Jan 17 on NYSE American under new CUSIP 09175M 507.
- Shares outstanding reduced from ~121.5M to ~4.86M; par value unchanged at $0.001; authorized shares unchanged.
- Bylaws amended to lower stockholder meeting quorum from majority to 35% of outstanding shares entitled to vote.
- Stockholders elected 7 directors and ratified Marcum LLP as auditor; three proposals withdrawn; reverse split approved with 16.0M for, 11.3M against.
- No fractional shares issued; cash payment for fractional entitlements; Computershare acting as exchange agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465924000708/0001214659-24-000708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465924000708/p1112418k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-000708

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