Hyperscale Data creates Series F Exchangeable Preferred Stock exchangeable into Ault Capital shares

Hyperscale Data, Inc.

Filed Certificate of Designation on Nov 22, 2024 for 1,000,000 shares of Series F Preferred Stock.
Each Series F share exchangeable for 10 Class A and 5 Class B ACG shares; exchange begins 1 year after issuance or upon SEC registration.
Series F ranks senior to common and on parity with certain future series; junior to Series A, C, D, E preferred stock.
Two-thirds Series F holder vote required for certain mergers/recapitalizations unless converted to comparable securities.
No change to fiscal year; other equity terms unaffected.

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 a Certificate of Designation to establish the terms, rights, and preferences of Series F Exchangeable Preferred Stock (effective 2024-11-22).

Change: charter amendment
Effective: 2024-11-22

Exact text from the filing

On November 22, 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 Series F Exchangeable Preferred Stock (the “ Series F Preferred Stock ”).

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Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-019564

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