Breaking News: Hyperscale Data Inc. Receives Notice of Noncompliance from NYSE American Listing Standards

LAS VEGAS, Dec. 23, 2024 (GLOBE NEWSWIRE) —

Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced that it was notified today by the NYSE American that due to the Company’s disclosure in its Form 10-Q filed for the fiscal period ended September 30, 2024, which reported stockholders’ equity of approximately $2.2 million, it no longer meets the requirement that it must have no less than $6 million or more in stockholders’ equity pursuant to the listing standard set forth under Section 1003(a)(ii) and (iii) of the NYSE American Company Guide (the “Listing Standards”) because the Company has reported losses from continuing operations and/or net losses in five of its most recent fiscal years ended December 31, 2023.

Impact on You

As an investor in Hyperscale Data Inc., this notice of noncompliance may have serious implications for you. The potential delisting of the company from the NYSE American could lead to a decrease in the value of your shares and limit your ability to trade them on the exchange. It is important to closely monitor the situation and consider your options moving forward.

Impact on the World

The news of Hyperscale Data Inc.’s noncompliance with NYSE American listing standards could have broader implications for the financial market. It may raise concerns about corporate governance and financial transparency, leading to increased scrutiny of other companies’ compliance with listing standards. This event serves as a reminder of the importance of maintaining strong financial health and regulatory compliance in the business world.

Conclusion

In conclusion, Hyperscale Data Inc.’s receipt of a notice of noncompliance from NYSE American listing standards is a significant development that will have implications for both investors and the wider financial market. It is crucial for the company to submit a compliance plan and work towards regaining compliance to ensure its continued presence on the exchange. As the situation unfolds, it is important to stay informed and make informed decisions regarding investments in the company.