Hyperscale Data announces special dividend of 20M shares of Class B stock

Hyperscale Data (GPUS) announced that it plans to issue a special one-time dividend of 20,000,000 shares of its Class B common stock to all holders of its common stock and its Class B common stock as well as its Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock on an as-converted basis. The record date for the distribution is October 6. Stockholders who own the company’s common stock and preferred stock at the close of trading on that date will be eligible to receive the issuable shares. Further, the company has set a payment date of October 31, subject to adjustment. There is currently no public trading market for the Class B common stock. While the company may seek to have the Class B common stock listed for trading on the NYSE American within the foreseeable future, there can be no assurance when, or if, such a listing will occur.