Business
Hyperscale Data Subsidiary Gresham Worldwide Receives Court Approval of Reorganization Plan; On Track to Emerge from Chapter 11 on October 1, 2025
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that Gresham Worldwide, Inc. ("Gresham Worldwide"), currently an affiliated defense business in which the Company holds a majority equity interest, has received final court approval and confirmation of its Chapter 11 plan of reorganization. The approved plan clears the way for Gresham Worldwide to successfully emerge from bankruptcy protection on October 1, 2025.
About this update from Hyperscale Data, Inc.
[{"type":"text","content":"Projected to Contribute $40 Million in Annual Sales to Hyperscale Data","length":70,"tagName":"p"},{"type":"text","content":"LAS VEGAS, Aug. 21, 2025 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that Gresham Worldwide, Inc. ("Gresham Worldwide"), currently an affiliated defense business in which the Company holds a majority equity interest, has received final court approval and confirmation of its Chapter 11 plan of reorganization. The approved plan clears the way for Gresham Worldwide to successfully emerge from bankruptcy protection on October 1, 2025.","length":575,"tagName":"p"},{"type":"image","alt":"Official Corporate Logo of Hyperscale Data, Inc.\nAll rights reserved 2024 - 2025 (PRNewsfoto/Hyperscale Data Inc.)","displaySize":"","headline":null,"caption":"Official Corporate Logo of Hyperscale Data, Inc. All rights reserved 2024 - 2025 (PRNewsfoto/Hyperscale Data Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":202,"url":"https://media.zenfs.com/en/prnewswire.com/1961508f0c670512019c1d2aac5fcd0b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4CDfa8a7wPOQ8iUorGubSA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1961508f0c670512019c1d2aac5fcd0b","width":400,"height":202}},"href":"https://mma.prnewswire.com/media/2734592/Hyperscale_Data_Inc_Blue_Stacked_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Upon emergence, Hyperscale Data expects to reconsolidate Gresham Worldwide as a direct subsidiary. The Company anticipates Gresham Worldwide will contribute approximately $40 million in annualized sales to consolidated results, further strengthening Hyperscale Data's diversified platform and supporting long-term growth.","length":325,"tagName":"p"},{"type":"text","content":""This is a pivotal milestone for both Hyperscale Data and Gresham Worldwide," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "Court confirmation of the plan enables Gresham Worldwide to emerge from Chapter 11 with renewed financial strength and operational stability. We believe the business is well positioned to deliver meaningful revenue and long-term ...