SCHEDULE 13G/A: Hyperscale Data Divests Entire Stake in Mullen Automotive, Reports Zero Ownership

Hyperscale Data, Inc. has filed an amended Schedule 13G, indicating it no longer holds any beneficial ownership in Mullen Automotive Inc. as of December 31, 2024.

Summary

• Hyperscale Data, Inc. filed an Amendment No. 1 to its Schedule 13G regarding Mullen Automotive Inc.
• The filing reports that Hyperscale Data, Inc. and its subsidiaries, including Ault Lending, LLC, beneficially own 0 shares of Mullen Automotive's common stock, representing 0% of the class.
• The event triggering this filing, indicating the change in ownership, occurred on December 31, 2024.
• The securities were not acquired or held for the purpose of changing or influencing control of Mullen Automotive Inc., as certified by Milton C. Ault, III, Executive Chairman of Hyperscale Data, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral, factual regulatory filing reporting a change in beneficial ownership to zero. It does not contain positive or negative language, but the divestment itself could be interpreted differently by the market.

Positives

• For Hyperscale Data, Inc., the filing indicates the completion of a divestment, potentially aligning with a strategic portfolio adjustment.

Negatives

• For Mullen Automotive Inc., the complete divestment by a previous institutional holder like Hyperscale Data, Inc. could be interpreted by the market as a lack of confidence, potentially impacting investor sentiment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Mullen Automotive Inc. or Hyperscale Data, Inc.'s future plans beyond the reported ownership change.

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." (Signed by Milton C. Ault, III, Executive Chairman of Hyperscale Data, Inc.)

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by an institutional investor. The complete divestment by Hyperscale Data, Inc. could be interpreted by the market as a shift in investment strategy by Hyperscale Data, Inc. or a lack of confidence in Mullen Automotive Inc.'s prospects, though the filing itself provides no rationale for the divestment.

Comparison to Industry Standards

• This document is a standard regulatory filing (Schedule 13G/A) required when an entity's beneficial ownership in a public company changes significantly, specifically dropping below the 5% threshold or to zero.
• The filing simply reports a factual change in ownership and does not contain performance metrics or operational results that can be directly compared to industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• **Shareholders of Mullen Automotive Inc.:** The divestment by Hyperscale Data, Inc. means a former institutional holder no longer has a stake, which could be viewed negatively by the market, potentially impacting share price due to perceived loss of institutional confidence.
• **Hyperscale Data, Inc. Shareholders:** This filing indicates a completed divestment of an investment, which could be part of a broader portfolio rebalancing strategy or a realization of investment objectives.

Key Dates

Keywords

Mullen Automotive Inc., Hyperscale Data Inc., Schedule 13G, Beneficial Ownership, Divestment, Common Stock, SEC Filing, Ownership Change