Hyperscale Data Offers 82% Premium in 12% Preferred Stock Exchange
Las Vegas – November 10, 2026 -- Hyperscale Data (NYSE American: GPUS) plans an exchange offer for up to 192,307,692 Class A common shares at an implied $0.26 per share, an 82% premium to the November 6 close of $0.1429.
Each 100 common shares convert into $2.00 in cash and one 12% preferred share
Holders can tender blocks of 100 shares for one unit. Each unit consists of $2.00 in cash and one preferred share with a $24.00 stated value. The preferred stock carries an annual dividend of 12.00%.
The offer requires holders to tender at least 100 million common shares.
Hyperscale Data targets a November 17 launch and a NYSE American listing for the preferred
The AI data center operator expects to launch the offer around November 17, 2026. Launch remains subject to board approval, regulatory approval and customary closing conditions. Terms will be set out in an Offer to Exchange filed with the U.S. Securities and Exchange Commission.