SCHEDULE 13G/A: Hyperscale Data, Inc. Discloses 14.02% Passive Stake in EVmo, Inc.
Beneficial Ownership Disclosure
Hyperscale Data, Inc. has filed an amendment to its Schedule 13G, confirming a beneficial ownership of 14.02% of EVmo, Inc.'s common stock as of December 31, 2024.
Summary
- Hyperscale Data, Inc. reported beneficial ownership of 10,000,000 shares of EVmo, Inc. common stock.
- This ownership represents 14.02% of EVmo, Inc.'s outstanding common stock.
- The percentage is calculated based on 71,302,649 shares of Common Stock issued and outstanding on May 22, 2023, as reported by EVmo, Inc. in its Form 10-Q.
- Hyperscale Data, Inc. holds shared voting power and shared dispositive power over all 10,000,000 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of EVmo, Inc.
- Ault Lending, LLC, a wholly owned subsidiary of Ault Capital Group, Inc., which is a wholly owned subsidiary of Hyperscale Data, Inc., is the entity that acquired the security.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership. It contains no forward-looking statements, performance metrics, or strategic announcements that would indicate a positive or negative sentiment for the issuer beyond the confirmation of a significant, passive shareholder.
Future Outlook
NA
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 §§ 240.14a-11."
Industry Context
This filing is a routine disclosure of a significant passive ownership stake and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Provides updated information on significant beneficial ownership, confirming a large, passive stake held by Hyperscale Data, Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-05-22 | Date EVmo, Inc. reported 71,302,649 shares of Common Stock issued and outstanding in its quarterly report on Form 10-Q. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership position). |
| 2025-02-14 | Date the Schedule 13G/A filing was signed by Hyperscale Data, Inc. |
Keywords
EVmo Inc., Hyperscale Data Inc., Beneficial Ownership, Schedule 13G, Common Stock, SEC Filing, Passive Investment
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