Hyperscale Data Announces a Special Dividend of Class B Common Stock

Hyperscale Data, Inc. (NYSE American: GPUS ), a diversified holding company (" Hyperscale Data ," or the " Company "), announces that it plans to issue a special one-time dividend (the " Distribution ") of 20,000,000 shares (the " Issuable Shares ") of its Class B Common Stock (the " Class B Common Stock ") to all holders of its Common Stock (which we refer to in this press release as the " Class A Common Stock ") and its Class B Common Stock (with the Class A Common Stock, the " Common Stock ") as well as its Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series G Convertible Preferred Stock and Series H Convertible Preferred Stock (collectively, the " Preferred Stock ") on an as-converted basis. The record date for the Distribution is September 15, 2026 (the " Record Date "). Stockholders and the holder of a convertible note (the " Note ") who own, whether beneficially or of record, the Company's Common Stock, Preferred Stock or the Note at the close of trading on that date will be eligible to receive the Issuable Shares. Further, the Company has set a payment date of October 6, 2026, subject to adjustment. As of September 4, 2026, the Company had 165,267,650 shares of Class A Common Stock outstanding, 4,774,348 shares of Class B Common Stock outstanding and approximately 321,753,087 Class A Common Stock equivalents, based on the current conversion price of the four series of Preferred Stock issued and outstanding and the Note without regard to conversion limitations set forth in their respective certificates of designation or in the Note (collectively, the " Eligible Capital Stock "), for an aggregate of approximately 491,795,085 shares of Eligible Capital Stock, with the number of Issuable Shares distributable to holders of the Class A Common Stock being 7,194,786 such shares. Consequently, the number of Issuable Shares is currently approximately 0.04066734 for each share of Eligible Capital Stock (the " Payment Ratio "). However, the Company anticipates that additional shares of Eligible Capital Stock will be issued prior to the Record Date, which would reduce the Payment Ratio. There is currently no public trading market for the Class B Common Stock. While the Company may seek to have the Class B Common Stock listed for trading on the NYSE American within the foreseeable future, there can be no assurance when, or if, such a listing will occur. The CUSIP number of the Class B Common Stock is 09175M 861. The Class B Common Stock is identical to the currently outstanding Class A Common Stock, with the exception that each share thereof carries ten (10) times the voting power of a share of Class A Common Stock. The Class B Common Stock is convertible at any time after the payment date into Class A Common Stock on a one-for-one basis. The Company will pay holders of the Eligible Capital Stock cash in lieu of issuing fractional shares of Class B Common Stock. The Distribution has been approved by the NYSE American. Stockholders should refer to the Company's official announcements or consult their financial advisors for more information about the specifics of the Distribution. This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company's common stock or any other securities of the Company. The Distribution is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at https://hyperscaledata.com/ or available at www.sec.gov . About Hyperscale Data, Inc. Through its wholly owned subsidiary Se...