NYSEMKT — Industrials: Manufacturing, Aerospace & Defense: Electronic Components Nec
www.dpwholdings.comHyperscale Data, Inc. declared cash dividends for its Series D and Series E Preferred Stock, amounting to $0.2708333 per share for Series D and $0.41666 per share for Series E. These dividends, disclosed in a press release on May 20, 2025, are due for payment on June 10, 2025, with a record date of May 31, 2025. The dividend for Series E includes previously deferred payments for the month ending April 30, 2025, and current payments for May 2025. This announcement implies a commitment to return capital to shareholders amid the company's performance assessments.
Dividend Payment DateHyperscale Data, Inc. is set to mature its convertible promissory note issued to Orchid Finance LLC on June 30, 2025. The note has a principal amount of $4,193,314.54, bearing an interest rate of 15% per annum, which increases to 18% in case of default. The note is convertible into shares of the company’s class A common stock, contingent upon NYSE approval, at a conversion price based on market conditions but with a minimum threshold of $0.40 per share. This financial maneuver suggests a strategic move to stabilize the company's capital structure following the cancellation of prior notes with Orchid Finance, potentially impacting share dilution if stockholder approval is sought for the associated share issuance.
Maturity of Convertible Note