09/23/2025 | Press release | Distributed by Public on 09/23/2025 14:30
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series B Convertible Preferred Stock | $2.32(5) | 09/22/2025 | C | 232 | 01/31/2024 | (6) | Common Stock | 100,000 | $1,000 | 1,071.2447 | I | By Ault Lending, LLC(1) | |||
Common Stock Purchase Warrants | $108 | 08/01/2024 | 08/01/2029 | Common Stock | 13,556 | 13,556 | I | By Ault Lending, LLC(1) | |||||||
Common Stock Purchase Warrants | $108 | 09/27/2024 | 09/27/2029 | Common Stock | 8,667 | 8,667 | I | By Ault Lending, LLC(1) | |||||||
Common Stock Purchase Warrants | $108 | 10/30/2024 | 10/30/2029 | Common Stock | 1,111 | 1,111 | I | By Ault Lending, LLC(1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
AULT MILTON C III 11411 SOUTHERN HIGHLANDS PARKWAY SUITE 190 LAS VEGAS, NV 89141 |
X | X |
/s/ Milton C. Ault, III | 09/23/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Ault Lending, LLC ("Ault Lending"), is a wholly-owned subsidiary of Hyperscale Data, Inc. ("HSD"). Mr. Ault, the Executive Chairman of HSD, is deemed to have voting and investment power with respect to the securities held of record by Ault Lending. |
(2) | Represents shares of common stock received upon conversion of Series B convertible preferred stock ("Series B Preferred"). |
(3) | Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences, Inc. |
(4) | Mr. Ault has sole voting and investment power with respect to the securities held of record by Ault Life Sciences Fund, LLC. |
(5) | The Conversion Price of the Series B Preferred is subject to adjustment as set forth in that certain Designation of Preferences, Rights and Limitations of the Series B Convertible Voting Preferred Stock. |
(6) | The shares of Series B Preferred have no expiration date. |