Entry into a Material Definitive Agreement · Regulation FD Disclosure
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously reported, on June 18, 2026, Hyperscale Data, Inc. (the “Company”) entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) with Spartan Capital Securities, LLC, as sales agent (the “Agent”) to sell shares of its Class A common stock, par value $0.001 (the “Common Stock”), from time to time, through an “at the…
Filed Oct 13, 2026Accepted Oct 13, 2026, 6:15 AM EDTCIK 896493Accession 0001214659-26-012768
Hyperscale Data, Inc., a Delaware corporation formerly known as Ault Alliance, Inc., was incorporated in September 2017. Through our wholly and majority owned subsidiaries and strategic investments, we own and/or operate data centers at which we mine Bitcoin and offer colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries as well as provide mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. Our direct and indirect wholly owned subsidiaries include (i) Sentinum, Inc. (“Sentinum”), (ii) Alliance Cloud Services, LLC (“ACS”) and (iii) BNI Montana, LLC (“BNI Montana”).
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
As previously reported, on June 18, 2026, Hyperscale
Data, Inc. (the “Company”) entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”)
with Spartan Capital Securities, LLC, as sales agent (the “Agent”) to sell shares of its Class A common stock, par
value $0.001 (the “Common Stock”), from time to time, through an “at the market offering” (the “ATM
Offering”) as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”). The
Company filed with the SEC, in accordance with the provisions of the Securities Act, and the rules and regulations thereunder, a registration
statement (the “Registration Statement”) on Form S-3 (File No. 333-291595), including a base prospectus, relating to
certain securities, including the Placement Shares, to be issued from time to time by the Company, and which incorporates by reference
documents that the Company has filed or will file in accordance with the provisions of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and the rules and regulations thereunder.
The Registration Statement was filed on November
17, 2025 and was declared effective by the SEC on December 11, 2025. On June 18, 2026, the Company filed a prospectus supplement with
the Securities and Exchange Commission (“SEC”) relating to the offer and sale of up to $300,000,000 of common stock
in the ATM Offering (collectively, the “Prospectus Supplement”).
The Company will file a supplement to the Prospectus
Supplement (the “Supplement”) with the SEC to decrease the amount of Common Stock that may be offered and sold in the
ATM Offering under the Sales Agreement to $100,000,000 in the aggregate. As of the date of this Current Report on Form 8-K, the Company
has sold an aggregate of 121,827,841 Placement Shares for aggregate gross proceeds (prior to paying expenses associated with the Agreement
and commissions to the Agent) of Forty-Nine Million Seven Hundred Eighty-One Thousand Eight Hundred Eighty-Five Dollars ($49,781,885).
This Current Report on Form 8-K shall not constitute
an offer to sell or the solicitation of any offer to buy any shares under the Sales Agreement, nor shall there be any offer, solicitation
or sale of such shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state.
The foregoing description of the terms of the
Sales Agreement, as amended by the Amendment to the At-The-Market Issuance Sales Agreement, dated October 9, 2026 (the “Amendment”),
does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Amendment, which is filed herewith
as
Item 7.01Item 7.01 - Regulation FD Disclosure
ITEM 7.01 REGULATION FD DISCLOSURE.
On October 12, 2026, Hyperscale Data, Inc. (the
“Company”) issued a press release announcing the entry into the Amendment (the “Press Release”).
A copy of the Press Release is furnished herewith as
Filed exhibits (1)
EX-99.1 (by filename) ex99_1.htm
Exhibit 99.1
Hyperscale Data Announces a Two Hundred Million
Dollar Reduction in the Amount of Sales that May Be Made under the Sales Agreement Providing for Its Current ATM Offering
LAS VEGAS--(PR NEWSWIRE) - October 12, 2026
- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”)
data center company (“Hyperscale Data” or the “Company”), today announced that it has amended the
At-the-Market (“ATM”) Issuance Sales Agreement (the “Agreement”), dated June 18, 2026, by and between
the Company and Spartan Capital Securities, LLC, as sales agent (the “Agent”), reducing the aggregate amount that may
be sold pursuant to the Agreement from Three Hundred Million Dollars ($300,000,000) in shares of the Company’s Class A common stock,
par value $0.001 per share (the “Common Stock”) to One Hundred Million Dollars ($100,000,000), including the shares
of Common Stock that have been sold pursuant to the Agreement through an amendment to the Agreement (the “Amendment”).
The Company has sold 121,827,841 shares of Common Stock and raised approximately $49.8 million in gross proceeds, or approximately $0.41
per share, pursuant to the ATM.
“Based on our current capital pla…