Ault & Company, Inc. Announces Abandonment of Dutch Tender Offer to Acquire Shares of Common Stock of Hyperscale Data, Inc.
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Ault & Company has abandoned its tender offer to acquire shares of Hyperscale Data's common stock, opting instead to pursue a $25 million investment in Hyperscale Data's Series G Convertible Preferred Stock.
January 02, 2025 | 9:45 pm
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Ault & Company has decided not to proceed with its tender offer for Hyperscale Data's common stock, choosing to invest in Series G Convertible Preferred Stock instead. This move indicates a strategic shift in investment focus.
The abandonment of the tender offer suggests a change in Ault & Company's investment strategy, which could stabilize or positively impact Hyperscale Data's stock price due to the focus on preferred shares. However, the immediate impact on the common stock price is neutral as the tender offer was not completed.
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