SCHEDULE 13G/A: Esousa Group Holdings and Michael Wachs Disclose 9.9% Stake in Hyperscale Data, Inc.
Beneficial Ownership Amendment
Esousa Group Holdings LLC and Michael Wachs have jointly filed an amendment to their Schedule 13G, disclosing a beneficial ownership of 9.9% in Hyperscale Data, Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- Esousa Group Holdings LLC and Michael Wachs jointly reported beneficial ownership of 700,000 shares of Hyperscale Data, Inc.'s Class A Common Stock.
- This ownership represents 9.9% of the Class A Common Stock outstanding.
- The 700,000 shares consist of 150,000 shares of Class A common stock and 550,000 shares issuable upon conversion of convertible notes.
- The percentage is calculated based on 1,259,893 shares of Class A common stock outstanding as of January 8, 2025, as reported by the issuer.
- The reporting persons, Esousa Group Holdings LLC and Michael Wachs, hold sole voting and sole dispositive power over the 700,000 shares.
- The filing is an Amendment No. 1 to a previously filed Schedule 13G.
Sentiment
Score: 6
Explanation: The document is a neutral, factual disclosure of beneficial ownership. The presence of a significant institutional investor holding a substantial stake can be seen as a positive signal of confidence, but the document itself does not contain performance or strategic updates that would significantly shift sentiment.
Positives
- A significant institutional investor, Esousa Group Holdings LLC, and its managing member, Michael Wachs, hold a substantial 9.9% stake in Hyperscale Data, Inc., indicating a notable vote of confidence in the company.
- The beneficial ownership includes shares derived from convertible notes, suggesting a prior investment through debt instruments that can convert to equity.
Risks
- The beneficial ownership of 550,000 shares from convertible notes is subject to certain beneficial ownership limitations, which could impact the immediate conversion of all shares.
Future Outlook
The document is a factual disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance, strategic direction, or financial outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ยงยง 240.14a-11."
Industry Context
This filing is a standard regulatory disclosure of significant beneficial ownership, common in the financial industry for transparency. It indicates an investor's stake in Hyperscale Data, Inc., formerly Ault Alliance, Inc., a company operating in the data infrastructure and technology sector, which is characterized by rapid growth and evolving demands for data processing and storage.
Comparison to Industry Standards
- As a Schedule 13G/A filing, this document primarily serves as a regulatory disclosure of beneficial ownership and does not provide financial performance metrics or operational results for direct comparison to industry standards or competitors. It simply states the ownership percentage of a specific entity in Hyperscale Data, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake by an institutional investor, which could be viewed positively as a vote of confidence in the company's long-term prospects.
Next Steps
- Esousa Group Holdings LLC and Michael Wachs agree to jointly file any future statements on Schedule 13D or 13G (and amendments) until a statement terminating this agreement is filed with the SEC.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event which requires the filing of this statement. |
| 2025-01-08 | Date as of which Hyperscale Data, Inc. reported 1,259,893 shares of Class A common stock outstanding. |
| 2025-02-14 | Date of signing and filing of the Schedule 13G/A. |
Keywords
Hyperscale Data Inc., Ault Alliance Inc., Esousa Group Holdings LLC, Michael Wachs, Schedule 13G/A, Beneficial Ownership, Class A Common Stock, Convertible Notes, SEC Filing, Institutional Investor
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