Business Context and Reporting Period
Company: Hyperscale Data, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 5, 2025
Reporting Period: Immediate event notification regarding listing status.
Key Financial Metrics
This filing does not report current period revenue, profit, cash flow, or debt metrics. It references historical financial data from a prior filing:
- Stockholders' Equity: Approximately $2.2 million (as reported in the Form 10-Q for the period ended September 30, 2024).
- Profitability: The company reported losses from continuing operations and/or net losses in five of its most recent fiscal years ended December 31, 2023.
Material Changes and Listing Status
The primary material event concerns the company's compliance with NYSE American listing standards:
- Delisting Notice: On December 18, 2024, the company was notified it failed to meet the $6 million minimum stockholders' equity requirement due to reported losses.
- Compliance Plan: The company submitted a plan by January 17, 2025, to regain compliance within 18 months.
- Extension Granted: On March 4, 2025, the NYSE American granted a listing extension until June 18, 2026.
Outlook, Risks, and Contingencies
Management Commentary: The company is subject to periodic review by the Exchange during the extension period.
Risks: Failure to make progress consistent with the compliance plan or to regain compliance with the Listing Standards by June 18, 2026, could result in delisting from the NYSE American.
Investor Verification Checklist
- Verify the specific details of the compliance plan submitted to the NYSE American to understand the path to regaining $6 million in stockholders' equity.
- Review the Form 10-Q for the period ended September 30, 2024, to analyze the $2.2 million equity position and the nature of the reported losses.
- Monitor future 8-K filings for any updates on the company's progress toward the June 18, 2026, compliance deadline.
- Confirm the current trading status of Class A Common Stock (GPUS) and Series D Preferred Stock (GPUS PD) on the NYSE American.