Hyperscale Data, Inc. Announces Acceptance of Plan by NYSE
05 March 2025 - 10:30PM
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“
Hyperscale Data” or the
“
Company”), today announced that on March 4, 2025,
the NYSE American, LLC (the “
NYSE”) notified the
Company that it has been granted a listing extension until June 18,
2026 on the basis of the plan recently submitted by the Company to
regain compliance with the NYSE American Company Guide (the
“
Listing Standards”). Specifically, the Company
has demonstrated how it intends to regain compliance with Sections
1003(a)(ii) and (iii) of the Listing Standards by having
stockholders’ equity be $6.0 million or more. The Company will be
subject to periodic review by NYSE during the extension period.
Failure to make progress consistent with the plan or to regain
compliance with the continued Listing Standards by the end of the
extension period could result in the Company being delisted from
the NYSE.
For more information on Hyperscale Data and its
subsidiaries, Hyperscale Data recommends that stockholders,
investors and any other interested parties read Hyperscale Data’s
public filings and press releases available under the Investor
Relations section at hyperscaledata.com or available at
www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiaries,
Hyperscale Data owns and operates the Data Center at which it mines
digital assets and offers colocation and hosting services for the
emerging AI ecosystems and other industries. Hyperscale Data’s
subsidiary, ACG, is a diversified holding company pursuing growth
by acquiring undervalued businesses and disruptive technologies
with a global impact.
Hyperscale Data intends to completely divest
itself of ACG on or about December 31, 2025, at which time, it
would solely be an owner and operator of data centers to support
HPC services. Until that happens, the Company provides, through ACG
and its wholly and majority-owned subsidiaries and strategic
investments, mission-critical products that support a diverse range
of industries, including an artificial intelligence software
platform, social gaming platform, equipment rental services,
defense/aerospace, industrial, automotive, medical/biopharma and
hotel operations. In addition, ACG is actively engaged in private
credit and structured finance through a licensed lending
subsidiary. Hyperscale Data’s headquarters are located at 11411
Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the
date they are made, and the Company undertakes no obligation to
update any of them publicly in light of new information or future
events. Actual results could differ materially from those contained
in any forward-looking statement as a result of various factors.
More information, including potential risk factors, that could
affect the Company’s business and financial results are included in
the Company’s filings with the U.S. Securities and Exchange
Commission, including, but not limited to, the Company’s Forms
10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on
the Company’s website at www.hyperscaledata.com.
Hyperscale Data Investor
Contact:IR@hyperscaledata.com or 1-888-753-2235
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