Hyperscale Data Plans to Issue a $16.25 Million Stated Value Special Dividend of 10% Series E Cumulative Redeemable Perpetual Preferred Stock
Hyperscale Data, Inc. (GPUS)
Company Research
Source: GlobeNewswire
LAS VEGAS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data,” or the “Company”), today announced that it plans to issue a special one-time dividend of a newly designated 10% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred on an as-converted basis. The Series E Preferred Stock is expected to have a $25 stated value per share and pay a monthly cash dividend at a 10% annualized rate. Any such special dividend will be subject to various regulatory requirements and approvals, including but not limited to board approval, NYSE American approval, compliance with applicable law and regulations as well as market conditions, among other matters. There can be no assurance that the Company will be able to obtain the necessary approvals. The Company will provide further information, including any record
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