Hyperscale Data announces 1-for-35 reverse stock split effective Nov 22, 2024; creates new 10% Series E Preferred Stock

Hyperscale Data, Inc.

Reverse split ratio set at 1:35; effective in Delaware Nov 22; split-adjusted trading on NYSE American begins Nov 25.
New 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock authorized; $25 stated value, 10% annual dividend payable monthly.
Series E ranks senior to common, on parity with some series, junior to Series A and C preferred and all debt.
No fractional shares issued; stockholders entitled to fractional interests receive cash payment.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hyperscale Data, Inc.: Filed Certificate of Designation establishing 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock (effective 2024-11-11).

Change: charter amendment
Effective: 2024-11-11

Exact text from the filing

On November 11, 2024, Hyperscale Data, Inc. (the “ Company ”) filed a Certificate of Designation, Rights and Preferences (the “ Certificate of Designation ”) with the Secretary of State of the State of Delaware to establish the preferences, voting powers, limitations as to dividends or other distributions, qualifications, terms and conditions of redemption and other terms and conditions of the Company’s 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock

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13 governance changes filed in the last 30 days. Browse all governance changes →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-018757

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