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$GPUSJun 12, 2026, 8:31 PMAI processedSCHEDULE 13D/A

Ault & Company reports beneficial ownership above 50% of Hyperscale Data (GPUS) via convertibles and warrants

AI Summary

N Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15 ) Hyperscale Data, Inc. filed SEC Form SCHEDULE 13D/A. Ault & Company and affiliated reporting persons (led by Milton C. Ault III) filed Amendment No. 15 to a Schedule 13D reporting beneficial ownership of 493,862,908 Class A shares (53.2% of the class) and Mr. Ault individually 495,710,929 Class A shares (53.3%), counting shares issuable on conversion of preferred stock and exercisable warrants. The filing states the Series C, G and H preferred shares and certain warrants are currently convertible/exercisable into large blocks of Class A shares (e.g., 50,000 Series C convert into 432,900,430 Class A shares for calculation purposes) and discloses insider option grants that vested May 6, 2026 with the remainder vesting monthly over 24 months beginning June 1, 2026. The filing notes the purchase prices paid by Ault & Company for the preferred stakes (Series C $50,000,000; Series G $960,000; Series H $4,000,000) and that conversion calculations here use a $0.1155 conversion price.

Positives

  • Ault & Company (and Milton Ault) disclose beneficial ownership above 50% of Class A shares when including convertible securities (493,862,908 Class A shares; 53.2%).
  • Convertible preferred and warrants underlying a large portion of the reported position are described as currently convertible/exercisable (i.e., conversion/exercise potential is live).
  • Insider option grants (to Ault, Horne, Nisser, Cragun) vested May 6, 2026 for 50% and the remainder begin monthly vesting June 1, 2026, making additional shares exercisable on a known schedule.

Negatives

  • The reported position relies heavily on convertible preferred that would convert into very large share amounts (e.g., Series C converts into 432,900,430 Class A shares), representing material dilution potential to other holders.
  • Warrants and convertible preferred are currently exercisable/convertible, meaning dilution risk is actionable now rather than contingent on a future event.
  • Calculations in this amendment use a low conversion price ($0.1155), which determines the large conversion share counts disclosed.