Hyperscale Data, Inc. has executed a reverse stock split at a ratio of 35 for 1 on November 25, 2024. This strategic move aims to potentially raise the stock’s market price and consolidate shares for investors.

Prior to the reverse split, shares were trading at $0.1816, witnessing a recent increase of $0.0057, or 3.24%. The company announced that this decision was approved during the annual stockholders’ meeting held on June 28, 2024.

The reverse stock split will take effect retroactively from November 22, 2024, and will also involve a new CUSIP number for GPUS shares. This transition aims to streamline share management and enhance appeal in the market.

On the day of the announcement, GPUS shares experienced active trading, with a volume of 2,965,215, indicating notable investor interest. The company has a market capitalization of approximately $7.05 million and has seen a significant price fluctuation over the past year, with its range spanning from a high of $109.36 to a low of $0.1668.

The reverse stock split is part of Hyperscale’s broader strategy to improve its operational profile by concentrating shares and potentially making the stock more attractive to investors.