Hyperscale Data Ends ATM Share Program After Raising $24.7 Million

The company has closed a steady sales channel that reduced near-term dilution and now faces no disclosed replacement financing as it moves toward a planned 2027 divestiture.

Overview

Hyperscale Data said Thursday that it initiated the required 10-day termination of its amended at-the-market (ATM) sales agreement on May 27 and that the arrangement will officially end on June 8, 2026.
Under the ATM the company sold about 137.6 million Class A shares and raised roughly $24.7 million in gross proceeds, an average of about $0.1793 per share.
The announcement prompted a drop in GPUS stock, which closed at $0.16 on the day of the release, as investors absorbed the impact of the recent equity issuances on share count and liquidity.
Hyperscale Data did not announce replacement financing; management said it may consider other capital-market options in the future but offered no specific plan.
The ATM had provided a flexible, incremental way to raise cash by selling shares through agents Spartan Capital and Wilson-Davis, and its termination leaves outstanding shares issued under the program in the market while the company pursues an Ault Capital Group divestiture expected in Q2 2027.