Hyperscale Data, Inc. announced an "at-the-market" equity offering program to sell shares of its common stock for up to $125 million.
The proceeds will be used to acquire Bitcoin, develop the Michigan data facility, acquire XRP, and for general corporate purposes.
The offering is made through Wilson-Davis & Co., Inc., acting as the sales agent under the shelf registration statement.
Equity Offering Program
Established an 'at-the-market' equity offering program to sell common stock for up to $125 million.
Use of Proceeds
Plans to use proceeds to acquire Bitcoin, develop the Michigan data facility, acquire XRP, and for general corporate purposes.
Sales Agreement
Sales of common stock to be made through ordinary brokers' transactions on NYSE American or as agreed with the Agent.
- Hyperscale Data's diversification through the equity offering enhances its financial position and potential for strategic investments.
- The focus on acquiring digital assets and developing data facilities aligns with the company's growth strategy in emerging technologies.
The 'at-the-market' equity offering program by Hyperscale Data provides the company with the flexibility to raise capital for strategic initiatives and investments in digital assets and facilities, positioning it for future growth and development.