Hyperscale Data Ends ATM Sales After Raising $24.7M from 137.6M Shares
GPUS•Hyperscale Data sold 137.6 million Class A shares through its January 16 ATM agreement, raising $24.7 million at $0.1793 per share, and initiated termination of the program on May 27, which takes effect June 8. Upon termination, the company will have no further ATM obligations and may seek other capital options.
1. ATM Agreement Termination
Hyperscale Data has terminated its amended and restated ATM Issuance Sales Agreement dated January 16, 2026, with Spartan Capital Securities and Wilson-Davis & Co. The company initiated the 10-day termination on May 27, and the agreement will cease June 8, halting further ATM share sales.
2. Proceeds and Obligations
Under the ATM, the company sold approximately 137.6 million Class A shares, raising about $24.7 million in gross proceeds at roughly $0.1793 per share. Upon termination, Hyperscale Data will have no remaining obligations under the ATM program.
3. Future Capital Strategy
With the ATM concluded, the company may evaluate alternative capital market options that best serve its operational needs and shareholders. Any future funding decisions will aim to support its AI data center operations and pending divestiture plans.
