Popular on s4story


Similar on s4story

Hyperscale Data Subsidiary AGREE's Minority Holding Fouquet's New York Completes Financing of $145 Million with Goldman Sachs Affiliated Funds

S For Story/10666641
LAS VEGAS, July 25, 2025 ~ Hyperscale Data, Inc. (NYSE American: GPUS) has recently made a significant move in the real estate market through its subsidiary Ault Global Real Estate Equities, Inc. (AGREE). The company announced today that AGREE has completed a financing deal of $145 million with funds affiliated with Goldman Sachs & Co. LLC.

This transaction has allowed AGREE to refinance its senior debt at a highly attractive leverage level, with the potential for significant future cash flow growth. This financing was made possible through AGREE's minority holding in Fouquet's New York, a renowned property in the city.

Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, expressed his pride in holding a minority interest in what he believes will become an iconic property in New York over the years to come. He also commended the Fouquet's team for continuously improving the guest experience and looks forward to seeing how the property will develop and contribute to the community.

More on S For Story
Hyperscale Data recommends that stockholders, investors, and other interested parties refer to their public filings and press releases available on their website or at www.sec.gov for more information on the company and its subsidiaries.

Hyperscale Data is a diversified holding company with two wholly owned subsidiaries - Sentinum, Inc. and Ault Capital Group, Inc. (ACG). Sentinum operates a data center that mines digital assets and offers colocation and hosting services for emerging AI ecosystems and other industries. On the other hand, ACG is focused on acquiring undervalued businesses and disruptive technologies with global impact.

The company plans to divest itself of ACG by December 31, 2025, but this is subject to change. Upon completion of this divestiture, Hyperscale Data will solely operate as an owner and operator of data centers supporting high-performance computing services. However, until then, the company will continue to provide mission-critical products through ACG and its subsidiaries and strategic investments in various industries such as AI, social gaming, defense, industrial, automotive, medical/biopharma, and hotel operations. ACG is also involved in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data's headquarters are located in Las Vegas, NV.

More on S For Story
In December 2024, the company issued one million shares of a newly designated Series F Exchangeable Preferred Stock to all common stockholders and holders of the Series C Convertible Preferred Stock. This issuance was made on an as-converted basis. The divestiture will occur through the voluntary exchange of these Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively known as "ACG Shares"). It is important to note that only those holders who agree to surrender their Series F Preferred Stock and do not withdraw their surrender will be entitled to receive the ACG Shares and become stockholders of ACG upon completion of the divestiture.

Hyperscale Data continues to make strategic moves in various industries, positioning itself for future growth and success. With this recent financing deal with Goldman Sachs & Co. LLC, AGREE is set to thrive in the real estate market with potential for significant cash flow growth. Investors and stockholders can stay updated on the company's progress by referring to their public filings and press releases.
Filed Under: Business

Show All News | Report Violation

0 Comments

Latest on S For Story