September 2, 2025 · Form 4 insider transaction
AULT MILTON C III bought 4,000 shares of Hyperscale Data, Inc. at $1000.00 per share, a transaction worth $4.00M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
As of September 4, 2025, the Series H Conversion Price was $0.419475 per share, so each share of Series H Convertible Preferred Stock is convertible into approximately 2,383.93 shares of Class A Common Stock.; Each share of Series H Convertible Preferred Stock has a stated value of $1,000.00 and is convertible into shares of Class A Common Stock at a conversion price equal to the greater of (i) $0.10 per share and (ii) the lesser of (A) $0.79645 or (B) 105% of the volume weighted average price of the Class A Common Stock during the ten trading days immediately prior to the date of conversion (the "Series H Conversion Price"). The Series H Conversion Price is subject to adjustment in the event of an issuance of Class A Common Stock at a price per share lower than the Conversion Price then in effect, as well as upon customary stock splits, stock dividends, combinations or similar events.; The Series H Convertible Preferred Stock has no expiration date.; Milton C. Ault, III, is the Chief Executive Officer of Ault & Company, Inc. ("Ault & Co.") and is deemed to beneficially own the shares held by Ault & Co.