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Milton C. Ault III, Executive Chairman and 10% owner of Hyperscale Data (GPUS), reported multiple acquisitions of derivative securities between October 2024 and December 2024 through Ault & Company.

Key transactions include:

• Acquisition of 3,750 Series C Convertible Preferred Stock shares (total value: $3.75M) with conversion price determined by market conditions
• Receipt of 47,845 Series C Warrants with exercise price of $118.3875, exercisable between April 2025 and December 2029
• Acquisition of 4,234,561 Class B Common Stock shares as stock dividend, carrying 10x voting power compared to Class A shares

Post-transactions, Ault & Company holds 50,000 Series C Preferred shares, 422,337 warrants, and over 4.2M Class B shares. All transactions were indirect through Ault & Company, where Milton Ault serves as CEO. Figures reflect adjustment for 1-for-35 reverse stock split executed November 22, 2024.

Ault & Company filed a Form 3 (Initial Statement of Beneficial Ownership) for Hyperscale Data (GPUS), reporting its position as a 10% owner. The filing discloses the following key holdings:

• Common Stock: Direct ownership of 721 shares (adjusted for 1-for-35 reverse stock split)
• Series C Convertible Preferred Stock: Convertible to common stock at variable rate (current conversion price $1.0721 per share, ~932.75 shares per preferred share)
• Warrants: 371,661 Series C Warrants ($118.3875 exercise price) and 54,498 October 2023 Warrants ($160.7375 exercise price)

Milton C. Ault III, CEO of Ault & Company, serves as a director of Hyperscale Data, making the company a director by deputization. The warrants become exercisable after a 6-month waiting period and expire five years from issuance. All securities quantities reflect the November 2024 reverse stock split adjustment.

Hyperscale Data reported significant equity conversions between June 16-20, 2025. The company issued 3,459,638 total new shares of Class A Common Stock through multiple conversions:

• 1,401,422 shares from converting 2,016.07 shares of Series B Convertible Preferred Stock
• 1,811,216 shares from converting $2,996,479 of convertible notes (Section 4(a)(2) exemption)
• 247,000 shares from converting $479,557 of convertible notes (Section 3(a)(9) exemption)

Following these conversions, the company's total Class A Common Stock outstanding reached 6,611,290 shares as of June 20, 2025. These transactions were executed under exemptions from SEC registration requirements, indicating a significant restructuring of the company's equity composition.