Business
Hyperscale Data, Inc. Commences Tender Offer to Repurchase up to $5 Million of Shares of Class A Common Stock
Hyperscale Data, Inc. Commences Tender Offer to Repurchase up to $5 Million of Shares of Class A Common
About this update from Hyperion Defi, Inc.
[{"type":"text","content":"LAS VEGAS, May 26, 2026 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (\"AI\") data center company anchored by Bitcoin (\"Hyperscale Data\" or the \"Company\"), today announced that it has commenced a cash tender offer to repurchase up to $5 million of shares of the Company's Class A common stock, par value $0.001 per share (\"Class A common stock\"), subject to market conditions, at a purchase price of $0.21 per share. The Company expects to fund the tender offer from its existing cash and cash equivalents.The tender offer will expire one minute after 11:59 p.m. ET on Monday, June 8, 2026, unless extended or earlier terminated. The full terms, conditions and other details of the tender offer are set forth in the Offer to Purchase, dated May 26, 2026, as may be amended or supplemented in accordance with the terms thereof (the \"Offer to Purchase\"), the related Letter of Transmittal and other tender offer documents that Hyperscale filed today with the Securities and Exchange Commission (\"SEC\") on a Schedule TO.Neither the Company nor its Board of Directors has made, nor will make, any recommendation as to whether a stockholder should tender shares of the Company's Class A common stock. Stockholders must make their own decisions as to whether to tender their shares, after considering their own circumstances and preferences and consulting with their personal tax, financial and legal advisors.Documents relating to the offer may be downloaded at: www.sec.gov and will be distributed to holders of shares of Class A common stock who request them from Georgeson LLC, the information agent for the Offer at (877) 514-4861.This press release is for informational purposes only and shall not constitute an offer to purchase nor a solicitation of an offer to sell Class A common stock or any other securities. The offer is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any offers to purchase the Class A common stock will be made only by means of the Offer to Purchase and the Letter of Transmittal.The complete terms and conditions of the offer are set forth in the Offer to Purchase and related Letter of Transmittal that is being furnished to holders of Class A common stock and also filed with the SEC on Schedule TO. Stockholders of Hyperscale a...