Hyperscale Data Announces Special Dividend of Class B Common Stock
Hyperscale Data, Inc. (NYSE American: GPUS) has announced a special one-time dividend distribution to all holders of its common and preferred stock as well as convertible note holders. The company plans to issue approximately 20 million shares of its non-trading Class B Common Stock on an as-converted basis by October 6, 2026, with the record date set for September 15, 2026. As of September 4, 2026, there were approximately 491.8 million shares of eligible capital stock outstanding, resulting in a payment ratio of about 0.0407 Class B Common Stock per share. However, the company expects additional shares to be issued before the record date, which may reduce this ratio. The Class B shares carry ten times the voting power but are otherwise identical to Class A shares and can convert one-for-one into them. The distribution has been approved by NYSE American, though there is currently no public trading market for the Class B Common Stock. Hyperscale Data plans to seek a listing in the future but cannot guarantee it.
Tickers: $GPUS
Topics: common stock preferred stock shareholder distribution stock dividends