Business Context and Reporting Period
Company: Hyperscale Data, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 20, 2024
Reporting Period: This filing reports a specific corporate event (Reverse Stock Split) effective November 22, 2024, rather than a standard financial reporting period.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a capital structure adjustment.
Material Changes
- Reverse Stock Split: The Company effected a 1-for-35 reverse stock split of its Class A Common Stock.
- Share Count Reduction: Outstanding shares were reduced from approximately 38,846,318 to approximately 1,109,895.
- Trading Adjustments: Beginning November 25, 2024, the stock trades on a split-adjusted basis under a new CUSIP number (09175M 804).
- Derivative Adjustments: All options, warrants, and similar instruments convertible into Common Stock were proportionally adjusted.
- Authorized Shares: There was no change in the number of authorized shares or the par value per share.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of risks and contingencies. The primary purpose is to disclose the amendment to the Certificate of Incorporation approved by the Board's special committee on November 8, 2024, and filed with the State of Delaware on November 20, 2024.
Investor Verification Checklist
- Verify the new CUSIP number (09175M 804) for trading purposes starting November 25, 2024.
- Confirm the adjusted share count of approximately 1,109,895 shares outstanding.
- Review the proportional adjustment terms for any held options, warrants, or convertible instruments.
- Check the NYSE American listing status for the split-adjusted Common Stock (Symbol: GPUS).