Hyperscale Data enters up to $100M Series H convertible preferred financing from affiliate Ault & Company

Hyperscale Data, Inc.

Up to 100,000 Series H preferred shares at $1,000 stated value sold to Ault & Company for up to $100M.
Conversion price set at greater of $0.10 floor or lesser of $0.79645 (105% of pre-deal VWAP) or 105% of VWAP at conversion.
Cumulative dividend at 9.5% annual rate; company may pay in common stock for first two years.
Proceeds to fund MI data center expansion, debt repayment, and working capital.
Conversion above 19.99% of outstanding common requires stockholder approval; closings extendable to Dec 31, 2026.

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