Hyperscale Data Inc. Clarifies shareholder Entitlement in Upcoming Divestiture
Hyperscale Data Inc. has provided clarification regarding shareholder entitlements in its upcoming divestiture, emphasizing that only holders of Series F Preferred Stock who actively participate in the exchange offer will receive shares of ACG Common Stock. This exchange will involve the voluntary surrender of Series F Preferred Stock for shares of Class A Common stock and Class B Common Stock of ACG,collectively referred too as “ACG Shares.” Holders of Series C Convertible Preferred Stock will be entitled to ACG Shares on an as-converted basis.
The company stressed that participation in the exchange offer is a prerequisite for becoming a stockholder of ACG post-divestiture. Holders of Series F Preferred Stock must agree to surrender their shares and not withdraw their surrender through the designated exchange offer process to be eligible for ACG Shares.
Understanding Forward-Looking Statements
This press release includes forward-looking statements, which are statements that predict or refer to future events or conditions. These statements frequently enough use words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” or “potential.” Statements that are not based on historical facts are considered forward-looking.These statements are founded on current beliefs and assumptions that are subject to inherent risks and uncertainties.
Forward-looking statements are effective only as of the date they are made. Hyperscale Data Inc. has no obligation to update these statements publicly due to new facts or future events. Actual outcomes may differ materially from those projected in any forward-looking statement due to various factors. Additional information,including potential risk factors that could impact the company’s business and financial results,can be found in the company’s filings with the U.S. Securities and Exchange Commission (SEC). these filings include Forms 10-K,10-Q,and 8-K,all of which are accessible on the SEC’s website at www.sec.gov and on Hyperscale Data Inc.’s website at hyperscaledata.com.
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SOURCE Hyperscale Data Inc.