Hyperscale Data, Inc. (NYSE American: GPUS) Executes Reverse Stock Split

• Hyperscale Data, Inc. (NYSE American: GPUS) conducted a reverse stock split at a ratio of 35 for 1 on November 25, 2024.
• The reverse stock split is part of a strategic decision to potentially increase the stock's market price and consolidate shares.
• Before the reverse split, GPUS shares were trading at $0.1816, with a recent price increase of $0.0057, or 3.24%.

Hyperscale Data, Inc. (NYSE American: GPUS) is a company that operates in the data management and technology sector. It provides solutions for handling large-scale data operations, catering to businesses that require robust data infrastructure. GPUS competes with other tech companies in the data management space, striving to offer innovative solutions to its clients.

On November 25, 2024, GPUS executed a reverse stock split at a ratio of 35 for 1. This move was part of a strategic decision approved during the annual stockholders' meeting on June 28, 2024. The board of directors had the authority to choose the exact ratio within a range, ultimately deciding on the 35-for-1 split. This action is intended to consolidate shares and potentially increase the stock's market price.

The reverse stock split, effective November 22, 2024, also results in a new CUSIP number for GPUS shares. This change is part of the administrative adjustments that accompany such corporate actions. The special committee authorized by the board oversees the process, ensuring a smooth transition for shareholders.

Before the reverse split, GPUS shares were trading at $0.1816, with a recent price increase of $0.0057, or 3.24%. The stock's price fluctuated between $0.1668 and $0.1871 on the day of the announcement. Over the past year, GPUS experienced a significant price range, with a high of $109.36 and a low of $0.1668.

GPUS has a market capitalization of approximately $7.05 million, reflecting its overall value in the market. The trading volume on the day of the announcement was 2,965,215 shares, indicating active investor interest. The reverse stock split aims to enhance the stock's appeal by adjusting its price and share structure.