SCHEDULE: Hyperscale Data Inc. Insider Share Accumulation Continues

An amended Schedule 13D filing reveals continued open market purchases of Class A Common Stock by Milton C. Ault, III and Ault & Company, Inc., reinforcing their significant beneficial ownership.

Summary

• This filing is an amendment (Amendment No. 19) to a Schedule 13D, originally filed on October 12, 2021, concerning Hyperscale Data, Inc. (the 'Issuer').
• The amendment primarily updates information regarding the beneficial ownership of Class A Common Stock by several reporting persons, including Ault & Company, Inc., Milton C. Ault, III, William B. Horne, Henry Carl Nisser, and Kenneth S. Cragun.
• Milton C. Ault, III and Ault & Company, Inc. have continued to purchase Class A Common Stock in open market transactions between September 9, 2026, and September 14, 2026.
• As of September 15, 2026, Ault & Company, Inc. beneficially owns approximately 63.3% of the Issuer's Class A Common Stock, and Milton C. Ault, III beneficially owns approximately 63.5% of the Issuer's Class A Common Stock.
• The filing details the sources of funds for these purchases, primarily personal funds and working capital, with specific aggregate purchase prices noted for various transactions.
• The beneficial ownership calculations include direct holdings, shares issuable upon conversion of preferred stock and convertible notes, and shares underlying exercisable warrants and stock options.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting ongoing accumulation of shares by key insiders and entities, indicating confidence in the company's future, but without significant new strategic information.

Positives

• Continued open market purchases by key individuals and entities (Milton C. Ault, III and Ault & Company, Inc.) suggest ongoing confidence in the company's value and future prospects.
• The reporting persons maintain a significant aggregate beneficial ownership of approximately 63.3% to 63.5% of the Class A Common Stock, indicating substantial alignment of interests with other shareholders.
• The filing provides detailed information on the sources and amounts of funds used for share acquisitions, offering transparency into the transactions.

Negatives

• The filing does not introduce new strategic initiatives or significant operational updates, focusing primarily on ownership changes.
• The substantial beneficial ownership by a few parties could be perceived as a lack of broad institutional or public float, potentially impacting liquidity.

Risks

• The conversion price for Series C, G, and H Convertible Preferred Stock is subject to market conditions, being the greater of $0.10 per share or 105% of the volume-weighted average price, which could lead to dilution if the stock price fluctuates significantly.
• The significant concentration of ownership could limit the ability of other shareholders to influence corporate decisions or exit their positions easily.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the company. However, the continued share purchases by Ault & Company, Inc. and Milton C. Ault, III suggest a positive outlook from their perspective.

Management Comments

• The filing details the aggregate purchase prices for shares acquired by reporting persons, indicating the financial commitment involved in these transactions.
• The conversion price for preferred stock is noted as the greater of $0.10 per share or 105% of the volume-weighted average price of Class A Common Stock during the ten trading days prior to conversion.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common for significant investors or groups acquiring more than 5% of a company's stock. The continued accumulation by Ault & Company and Milton C. Ault, III in Hyperscale Data, Inc. suggests a strategic interest and potential for further influence or control, which is a typical dynamic in evolving technology or data infrastructure companies.

Stakeholder Impact

• Shareholders: The continued accumulation by major holders may signal confidence but also raises questions about future control and potential dilution from preferred stock conversions.
• Creditors: The substantial ownership by Ault entities could imply a stable or influential party overseeing the company's financial direction.
• Management: The significant stake held by the CEO and Chairman (Milton C. Ault, III) reinforces their control and strategic direction.

Next Steps

• Continued monitoring of beneficial ownership changes.
• Observation of any future strategic announcements or operational updates from Hyperscale Data, Inc.

Key Dates

Keywords

Schedule 13D, Beneficial Ownership, Class A Common Stock, Hyperscale Data, Inc., Ault & Company, Inc., Milton C. Ault, III, Convertible Preferred Stock, Stock Options