Hyperscale Data, Inc. (GPUS) announced a special one-time dividend of 20,000,000 shares of its Class B Common Stock. The distribution will be made to all holders of the company's Class A and Class B Common Stock, certain series of Convertible Preferred Stock, and a convertible note on an as-converted basis.
Key Details
- Dividend: 20,000,000 shares of Class B Common Stock.
- Key Dates: The record date for the distribution is September 15, 2026, with a payment date of October 6, 2026.
- Distribution Ratio: The current ratio is approximately 0.04066734 Class B shares for each eligible share of capital stock, but this ratio is expected to decrease as additional eligible shares are issued before the record date.
- Class B Stock Terms: Each share of Class B Common Stock carries 10 times the voting power of Class A Common Stock and is convertible on a one-for-one basis into Class A shares. There is currently no public trading market for the Class B stock.