Hyperscale Data Announces Plans for up to $33.5 Million in Tokenized Series D Preferred Stock Offering
Hyperscale Data announced plans to tokenize up to 1,340,947 shares of its 13.00% Series D Preferred Stock, representing approximately $33.5 million in potential gross proceeds at an assumed $25.00 per share. The company expects to use net proceeds primarily for continued development and expansion of its Michigan AI data center campus, and potentially for working capital.
Why it matters — The planned offering could provide funding for the Michigan campus while expanding eligible investors’ access to the preferred stock through blockchain-based RWA platforms.