Vertical Data Inc. filed an 8-K disclosing a planned private placement of common stock to raise approximately $4.2 million in gross proceeds. The filing also details several non-binding agreements: a term sheet with a cloud services provider for a five-year, take-or-pay GPU-as-a-Service contract valued at approximately $2.8 billion involving 16,000 NVIDIA Blackwell GPUs; a letter of intent to form a joint venture developing up to 60 MW of AI data center capacity in Sweden; and another letter of intent with an AI developer for an 8,000 GPU cluster worth approximately $1.4 billion. Additionally, the company confirmed the September completion of its acquisition of Cirenso Group AB for SEK 60.0 million (approximately US$6.2 million) to develop an AI data center site in Sweden. Vertical Data Inc. operates in the artificial intelligence infrastructure and data center services industry.
