Recent Updates — ALP
The Board of Directors approved Amendment No. 3 to the Company's Amended and Restated 2021 Equity Incentive Plan, increasing the total number of shares reserved for grant and issuance to 1,070,127. Of this new allocation, 387,727 shares are designated as a Special Share Allocation reserved for awards requiring at least two of three criteria: time-based vesting, share price milestone vesting (minimum 3x multiple), or options with an exercise price of at least 2.5x the grant date price. The Board also authorized the filing of a Form S-8 registration statement to cover these shares and granted authority to increase the annual share limit by up to 4% of outstanding shares. Alpha Compute Corp operates in the technology sector, providing computing infrastructure and services.
Alpha Compute Corp announced a binding Master Services Agreement signed on September 30, 2026, for its ALPHA-02 cluster. The deal involves delivering high-density NVIDIA B300 GPU compute capacity in a hydropowered data center in Sweden. The total contract value is $71.9 million and is expected to add $24 million in new annual contracted revenue, bringing projected annual revenue to $47 million.
On September 22, 2026, Alpha Compute Corp announced it executed definitive agreements to acquire over 300 acres of surface, mineral, and gas rights in Pennsylvania, including the Utica and Marcellus shale formations, along with more than 75 existing oil and gas wells and associated infrastructure. The total purchase price is US$5.5 million. Alpha Compute intends to develop a data center on the site, leveraging local energy resources for its AI Confidential Compute and GPU-as-a-service operations. This strategic acquisition represents a significant expansion of the company's physical assets and operational footprint in the energy sector to support future compute infrastructure.
Alpha Compute Corp announced a reverse stock split of its ordinary shares on a 1-for-50 basis. The effective date has been changed from September 8, 2026, to September 9, 2026, when the company's ordinary shares will begin trading on a post-split basis under the symbol “ALP” on The Nasdaq Capital Market with CUSIP G7185A144. As a result of the split, every fifty issued ordinary shares will be combined into one, reducing the total number of issued and outstanding shares from 77,492,393 to approximately 1,549,848. Fractional shares of 0.5 or higher are rounded up, while fractions less than 0.5 are cancelled. This action is intended to increase the market price per share to maintain compliance with Nasdaq continued listing requirements. Alpha Compute Corp operates in the technology industry, providing computing infrastructure and services.