Hyperscale Data Plans To Tokenize Up To 1,340,947 Shares Of Its 13.00% Series D Cumulative Redeemable Perpetual Prefs, Implying ~$33.5M In Potential Gross Proceeds At Assumed Offer Price Of $25.00/Share; Reaffirms FY27 Guidance
The Company intends to use the net proceeds primarily to finance the continued development, construction and expansion of its Michigan AI data center campus, including power distribution, cooling systems, utility
Hyperscale Data is selling special shares to raise about $33.5 million. They plan to use the money to build and grow their data center in Michigan.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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