Hyperscale Data Subsidiary Gresham Worldwide Receives Court Approval of Reorganization Plan; On Track to Emerge from Chapter 11 on October 1, 2025
Hyperscale Data (NYSE American: GPUS) announced that its majority-owned defense business Gresham Worldwide has received final court approval for its Chapter 11 reorganization plan. The subsidiary is set to emerge from bankruptcy protection on October 1, 2025.
Upon emergence, Gresham Worldwide will be reconsolidated as a direct subsidiary, expected to contribute $40 million in annual sales to Hyperscale Data's consolidated results. The approved plan, resulting from extensive negotiations among creditors and stakeholders, aims to provide Gresham Worldwide with enhanced financial strength and operational stability.
Hyperscale Data (NYSE American: GPUS) ha comunicato che la sua controllata nel settore della difesa, Gresham Worldwide, ha ottenuto l'approvazione definitiva del tribunale per il piano di riorganizzazione ai sensi del Capitolo 11. La societ脿 di propriet脿 sar脿 fuori dalla protezione fallimentare il 1 ottobre 2025.
Al momento dell'emersione, Gresham Worldwide sar脿 ricondensata come controllata diretta e si prevede che apporter脿 alle risultanze consolidate di Hyperscale Data circa 40 milioni di dollari di ricavi annui. Il piano approvato, frutto di ampie trattative tra creditori e stakeholder, mira a rafforzare la posizione finanziaria e la stabilit脿 operativa della societ脿.
Hyperscale Data (NYSE American: GPUS) anunci贸 que su negocio en el sector de defensa mayoritariamente controlado, Gresham Worldwide, ha recibido la aprobaci贸n final del tribunal para su plan de reorganizaci贸n bajo el Cap铆tulo 11. La filial saldr谩 de la protecci贸n por bancarrota el 1 de octubre de 2025.
Al salir de la protecci贸n, Gresham Worldwide se reconsolidar谩 como subsidiaria directa y se espera que aporte 40 millones de d贸lares en ventas anuales a los resultados consolidados de Hyperscale Data. El plan aprobado, resultado de extensas negociaciones entre acreedores y partes interesadas, busca dotar a Gresham Worldwide de mayor solidez financiera y estabilidad operativa.
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Hyperscale Data (NYSE American: GPUS) a annonc茅 que sa filiale majoritaire dans le domaine de la d茅fense, Gresham Worldwide, a obtenu l'approbation d茅finitive du tribunal pour son plan de r茅organisation au titre du Chapitre 11. La filiale sortira de la protection contre la faillite le 1er octobre 2025.
脌 sa sortie, Gresham Worldwide sera reconsolid茅e en tant que filiale directe et devrait apporter 40 millions de dollars de chiffre d'affaires annuels aux r茅sultats consolid茅s de Hyperscale Data. Le plan approuv茅, fruit de longues n茅gociations entre cr茅anciers et parties prenantes, vise 脿 renforcer la solidit茅 financi猫re et la stabilit茅 op茅rationnelle de Gresham Worldwide.
Hyperscale Data (NYSE American: GPUS) teilte mit, dass sein mehrheitlich gef眉hrtes Verteidigungsunternehmen Gresham Worldwide die endg眉ltige gerichtliche Genehmigung f眉r seinen Chapter鈥�11鈥慠estrukturierungsplan erhalten hat. Die Tochtergesellschaft wird am 1. Oktober 2025 aus dem Insolvenzschutz entlassen.
Nach dem Ausscheiden aus dem Schutz wird Gresham Worldwide als direkte Tochtergesellschaft wieder eingegliedert und soll voraussichtlich 40 Millionen US-Dollar Jahresumsatz zu den konsolidierten Ergebnissen von Hyperscale Data beitragen. Der genehmigte Plan, das Ergebnis umfangreicher Verhandlungen zwischen Gl盲ubigern und Interessenvertretern, zielt darauf ab, Gresham Worldwide finanzielle St盲rke und operative Stabilit盲t zu verschaffen.
- Expected contribution of $40 million in annual sales to consolidated results
- Court approval received for reorganization plan, enabling emergence from Chapter 11
- Strengthened balance sheet and operational stability post-reorganization
- Reconsolidation as direct subsidiary will strengthen Hyperscale Data's diversified platform
- Current bankruptcy status indicates previous financial difficulties
- Reorganization process likely involved significant costs and operational disruptions
Insights
Gresham Worldwide's approved exit from bankruptcy strengthens Hyperscale Data's financial position with projected $40M annual revenue contribution.
The court's approval of Gresham Worldwide's reorganization plan marks a significant turning point in Hyperscale Data's corporate structure. This bankruptcy exit transforms what was an affiliated defense business with majority ownership into a direct subsidiary that will be reconsolidated on Hyperscale's financial statements.
The $40 million in projected annual sales contribution represents meaningful revenue that will directly impact Hyperscale's consolidated results. This restructuring appears to have successfully addressed the subsidiary's financial challenges while preserving its operational value 鈥� a positive outcome in bankruptcy proceedings.
The court approval indicates the plan satisfied creditor requirements and passed judicial scrutiny, suggesting the reorganization terms are sustainable. This creates a more stable foundation for the defense business moving forward, with Hyperscale maintaining control while eliminating problematic debt obligations that necessitated the Chapter 11 filing.
While the press release understandably frames this as entirely positive, investors should recognize this represents the resolution of significant prior financial distress. The successful emergence from bankruptcy removes uncertainty that likely weighed on Hyperscale's share price and strategic options. The October 1st emergence date provides a clear timeline for when these financial benefits will begin materializing on Hyperscale's consolidated statements.
Projected to Contribute
Upon emergence, Hyperscale Data expects to reconsolidate Gresham Worldwide as a direct subsidiary. The Company anticipates Gresham Worldwide will contribute approximately
"This is a pivotal milestone for both Hyperscale Data and Gresham Worldwide," said Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "Court confirmation of the plan enables Gresham Worldwide to emerge from Chapter 11 with renewed financial strength and operational stability. We believe the business is well positioned to deliver meaningful revenue and long-term value for our stockholders."
The confirmed plan reflects the outcome of extensive negotiations among creditors, management and other stakeholders, positioning Gresham Worldwide with a stronger balance sheet and a solid foundation for future success.
For聽more聽information聽on聽Hyperscale Data聽and聽its聽subsidiaries,聽Hyperscale Data聽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 聽or聽available at聽
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ("AI") ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in the first quarter of 2026. Upon the occurrence of the Divestiture, the Company will be an owner and operator of data centers to support high-performance computing services, as well as a holder of digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in providing private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190,
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
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
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