Financing ·
Hyperscale Data reduces ATM offering size by $200M to $100M after raising $49.8M
GPUSHyperscale Data, Inc.
Hyperscale Data, Inc. has amended its At-the-Market (ATM) Issuance Sales Agreement with Spartan Capital Securities, LLC, reducing the aggregate amount of Class A common stock that may be sold from $300 million to $100 million. The company previously sold 121,827,841 shares for approximately $49.8 million in gross proceeds under the original agreement. CEO Will Horne stated the reduction reflects a commitment to disciplined capital management and aims to limit dilution while preserving financial flexibility for its AI data center strategy. Hyperscale Data operates an AI data center offering colocation and hosting services.