---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-26-012768"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2026-10-13T10:15:19+00:00"
generated_at: "2026-10-13T10:20:21.456967+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Hyperscale Data cuts ATM offering to $100M from $300M after selling 121.8M shares at ~$0.41

## Summary
- Company amended its June 18, 2026 ATM sales agreement with Spartan Capital Securities, reducing the aggregate Class A common stock offering from $300,000,000 to $100,000,000.
- Hyperscale Data has sold 121,827,841 shares under the ATM for gross proceeds of ~$49.8 million, an average of roughly $0.41 per share.
- CEO Will Horne: 'we do not believe the additional $200 million of ATM capacity is currently necessary'; says equity is 'significantly undervalued' and the cut limits dilution.
- Michigan AI data center is being built to initially support 20 megawatts of critical compute capacity for a neocloud customer, with buildout costs to be augmented by project debt.
- Preliminary estimates indicate the Michigan Facility will support project debt financing of between $100 million and $150 million.

## SEC filing metadata
- accession: 0001214659-26-012768
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2026-10-13T10:15:19+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465926012768/0001214659-26-012768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465926012768/z10122618k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-26-012768
- JSON: https://secwatch.observer/filing/0001214659-26-012768.json
- Plain text: https://secwatch.observer/filing/0001214659-26-012768.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.