Hyperscale Data, Inc. (GPUS): M&A transaction — Hyperscale Data sells St. Petersburg property for $13M; proceeds held for potential dividend

Hyperscale Data, Inc.

Third Avenue Apartments sold Property to Cats Mirror Lake for $13M; closing on December 13.
Approximately $11M placed in segregated account, raising balance to ~$18.3M for guarantee obligations.
Company in discussions with lender to enable cash dividend to common and Series C preferred holders.
Sale advances strategy to become pure-play data center business supporting HPC and AI solutions.

item 1.01 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Hyperscale Data, Inc. completed a disposition involving Cats Mirror Lake, LLC for $13,000,000 (closed 2024-12-13).

Action: disposition
Counterparty: Cats Mirror Lake, LLC
Consideration: $13,000,000
Closing: 2024-12-13

Exact text from the filing

(the “ Buyer ”) pursuant to a contract of sale, as amended (the “ Sale Agreement ”) entered into by Third Avenue Apartments and the Buyer. The sale price for the property was $13,000,000. The foregoing description of the Sale Agreement, as amended, does not purport to be complete and is qualified in its entirety by reference to the form of Sale Agreement and the

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-020560

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.