Hyperscale Data Announces Plans for up to $33.5 Million in Tokenized Series D Preferred Stock Offering
Hyperscale Data announced plans to tokenize up to 1,340,947 shares of its 13.00% Series D preferred stock, targeting roughly $33.5 million in gross proceeds at $25.00 per share. Net proceeds would fund the Michigan AI data center campus buildout and potentially working capital; the company says the preferred shares are not convertible into common stock, so no additional Class A dilution is expected.
Key figures
- Deal Value Usd
- 33500000
- Offering Price
- 25
- Shares Offered
- 1340947
- Preferred dividend rate
- 13.00%
- Annual dividend per share
- 3.25
- Monthly dividend per share
- 0.2708333
- Guidance fy2027 revenue low
- 300000000
- Guidance fy2027 revenue high
- 350000000
- Consecutive monthly dividends
- 52
- Guidance fy2027 adjusted ebitda low
- 60000000
- Guidance fy2027 adjusted ebitda high
- 80000000
AI analysis
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