Hyperscale Data Plans Tokenized Preferred Stock Offering of Up to $33.5 Million

Hyperscale Data plans to tokenize as many as 1,340,947 shares of its 13.00% Series D preferred stock, an offering that represents about $33.5 million in potential gross proceeds at an assumed price of $25 per share. The shares are cumulative redeemable perpetual preferred stock. The proposed offering follows the company’s reduction of its at-the-market share offering program cap from $300 million to $100 million. The program has generated approximately $49.8 million in gross proceeds, as detailed in the company’s earlier financing update . John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost