Hyperscale Data Proposes 82% Premium Tender Offer of Up to $50M

Cointime update: NYSE American-listed AI data center company Hyperscale Data (GPUS) plans a tender offer to repurchase up to 192,307,692 Class A common shares at $0.26 per share, worth up to roughly $50 million, paid in cash plus newly issued preferred stock. Each 100 shares would receive one unit of $2 cash and one preferred share with a $24 stated value and 12% annual dividend. The price is an 82% premium to the November 6 close of $0.1429.