# Hyperscale Data Plans Tokenized Preferred Stock Offering of Up to $33.5 Million By John Kim Canonical URL: https://www.tokenpost.com/news/business/31699 Published: 2026-10-14T10:18:25.000Z Updated: 2026-10-14T10:18:25.000Z Section: Business > The plan covers up to 1,340,947 shares of 13.00% Series D preferred stock at an assumed price of $25 per share. Hyperscale Data plans to tokenize as many as 1,340,947 shares of its 13.00% Series D preferred stock, an offering that represents about $33.5 million in potential gross proceeds at an assumed price of $25 per share. The shares are cumulative redeemable perpetual preferred stock. The proposed offering follows the company’s reduction of its at-the-market share offering program cap from $300 million to $100 million. The program has generated approximately $49.8 million in gross proceeds, as detailed in the company’s [earlier financing update](). ## Links in this article - [earlier financing update](https://www.tokenpost.com/news/business/30209)