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Season 10 of FINDING YOUR ROOTS WITH HENRY LOUIS GATES, JR. Paired With New Season of Local History Series LOST LA On New PBS SoCal 2024 Schedule

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Sixth Season of Regional Historical Documentary Series Features A Look at Local Fast Food, Tiki Culture, Cemeteries, Historic Filipinotown and More With Special Encore January 3 on KCET

LOS ANGELES, Dec. 5, 2023 /PRNewswire-PRWeb/ — PBS SoCal and KCET, Southern California’s flagship PBS stations, announced today the 2024 return of the locally produced, historical documentary series LOST LA, a co-production with the University of Southern California Libraries, part of their longstanding commitment to building public engagement with regional history collections. Public historian and writer Nathan Masters returns as Host for the sixth season of LOST LA with untold histories behind tiki culture, fast food, Historic Filipinotown, hiking, tuberculosis and cemeteries. LOST LA joins the previously announced award-winning, acclaimed series FINDING YOUR ROOTS WITH HENRY LOUIS GATES, JR to complete a night of historical exploration. Celebrated scholar Dr. Henry Louis Gates, Jr. will helm the 10th anniversary season of FINDING YOUR ROOTS, which will trace the ancestral histories of the series’ first-ever, non-celebrity participants in addition to 18 new celebrity guests. The new season of LOST LA is scheduled on PBS SoCal beginning Tues., Jan. 2 at 7:30 p.m. PT, leading into 10, all-new episodes of FINDING YOUR ROOTS at 8 p.m. PT. A special encore of LOST LA will also be broadcast on Wed., Jan. 3 at 8 p.m. PT on KCET in Southern California. After the broadcast, each episode of LOST LA and FINDING YOUR ROOTS will be available to stream on their companion websites above and on the free PBS App. Members of PBS SoCal and KCET will get early access to stream all six episodes on PBS Passport starting Jan. 2.

The half-hour series LOST LA explores the region’s hidden past through documents, photos and other rare artifacts from California libraries and archives. Since its premiere in January of 2016, the series has continued to challenge the assumption that Los Angeles is a city without a history. Instead, LOST LA offers a history of Southern California that is not often told, or has been forgotten, bringing primary sources of Los Angeles history to the screen and connecting them to the Los Angeles of today.

Ten new episodes of FINDING YOUR ROOTS will debut in the new season that in addition to exploring the family mysteries of three members of the viewing public after a nationwide casting call, will solve family mysteries of well-known guests including actors Valerie Bertinelli (“One Day at a Time”), Danielle Brooks (“The Color Purple”), LeVar Burton (“Star Trek”), Michael Douglas (“Wall Street”), Lena Dunham (“Girls”), Brendan Fraser (“The Whale”), Tracy Morgan (“30 Rock”), Ed O’Neill (“Modern Family”), Bob Odenkirk (“Better Call Saul”), Anthony Ramos (“In the Heights”), Wes Studi (“The Last of the Mohicans”), Jesse Williams (“Grey’s Anatomy”); comedian Iliza Shlesinger; musicians Ciara, Sammy Hagar, Alanis Morissette and Dionne Warwick; and journalist Sunny Hostin.

The new episodes of LOST LA will be telecast as follows (subject to change):

“Fast Food and Car Culture” – Tues., Jan. 2 at 7:30 p.m. on PBS SoCal / Wed., Jan. 3 at 8 p.m. on KCET
From McDonald’s to Taco Bell, many of the world’s most iconic fast-food chains were born in SoCal including Bob’s Big Boy, In-N-Out Burger and Del Taco. This episode explores how car culture and the restaurant industry collided in the LA region, forever shaping the way Americans dine and drive. Featured interviews include: LA Times’ Gustavo Arrellano and Stacy Perman, LA Magazine’s Chris Nichols and author/chef George Geary.

“Historic Filipinotown” – Tues., Jan. 9 at 7:30 p.m. on PBS SoCal / Wed., Jan. 10 at 8 p.m. on KCET
Filipino Americans fight to make their heritage more visible in Los Angeles. This episode explores the Yo-Yo’s surprising origin story, tours Historic Filipinotown in a Jeepny and tastes classic Filipino street foods. Featured interviews include: activist/librarian Florante Ibanez and the hosts of “This Filipino Life” podcast.

“Hiking Trailblazers” – Tues., Jan. 16 at 7:30 p.m. on PBS SoCal / Wed., Jan. 17 at 8 p.m. on KCET
Meet the people who led Angelenos onto their local trails, including early wellness guru Paul Bragg. In this episode, Nathan explores the origins of LA hiking, from the Indigenous people who first walked the land to activists like Walk Good’s Etienne Maurice who blaze new paths over familiar terrain. Featured interviews include: Modern Hiker’s Casey Schreiner.

“Eternal City: Los Angeles Cemeteries” – Tues., Jan. 23 at 7:30 p.m. on PBS SoCal / Wed., Jan. 24 at 8 p.m. on KCET
Visit Forest Lawn, Evergreen and Hollywood Forever to see how LA reinvented the cemetery. In this episode, Nathan and UCLA’s Eric Avila visit the gravesites of the rich and famous while learning how racial segregation once divided the dead. Featured interviews include: The Chinese Historical Society’s Eugene Moy and film historian Karie Bible.

“Tuberculosis, the Forgotten Plague” – Tues., Jan. 30 at 7:30 p.m. on PBS SoCal / Wed., Jan. 31 at 8 p.m. on KCET
Archives reveal the “forgotten plague” that shaped Southern California. In this episode, Nathan explores how California’s fresh air and cheap land drew consumptives to local sanatoriums as well as the stark reality of life as a tuberculosis patient. Featured interviews include: USC’s William Deverell, LA Times’ Patt Morrison and infectious disease specialist Dr. Brenda Jones.

“Tiki Bars and Their Hollywood Origins” – Tues., Feb. 6 at 7:30 p.m. on PBS SoCal / Wed., Feb. 7 at 8 p.m. on KCET
Nathan explores some of the oldest Tiki bars in Southern California. In this episode, discover the Hollywood origins of Don the Beachcomber and learn how postwar American pop culture appropriated the rich traditions of the South Pacific. Featured interviews include: Tiki Ti’s Mike Buhen, Tiki Scholar Sven Kirsten and Strong Water’s Ying Chang and Robert Adamson.

Digital efforts will build upon the stories told in each of this season’s episodes, highlighting never-before-seen, newly digitized historic images and focusing on the unique access to archives that is at the core of LOST LA. Audiences will also have the opportunity to share their own stories, as well as interact with show creators including host Nathan Masters during a live chat/Q&A on YouTube during the premiere of “Fast Food and Car Culture” on Tues., Jan. 2 at 7:30 p.m. PT.

In conjunction with the new Lost LA season, PBS SoCal will be making episodes from this and past seasons of the series available on the Events Resource Library on pbssocal.org. With a range of original local content, this free digital hub equips organizations to host community screenings. Offering customizable invites, downloadable episodes and engaging post-screening content, the Events Resource Library fosters local storytelling, dialogue and connections.

LOST LA is supported by The Ralph M. Parsons Foundation and the Los Angeles County Board of Supervisors through the Department of Arts and Culture and Creative Recovery LA and other generous institutional funders.

For more information about LOST LA and to watch episodes online, visit pbssocal.org/LostLA

Follow on social at @pbssocal and @kcet.

About PBS SOCAL and KCET
PBS SoCal and KCET are both part of the donor-supported community institution, the Public Media Group of Southern California. PBS SoCal is the flagship PBS station for diverse people across California and delivers content and experiences that inspire, inform and educate. PBS SoCal offers the full slate of beloved PBS programs including MASTERPIECE, NOVA, PBS NewsHour, FRONTLINE, and a broad library of documentary films with works from Ken Burns; as well as educational content including PBS KIDS programs like DANIEL TIGER’S NEIGHBORHOOD and CURIOUS GEORGE. KCET showcases the best of PBS and is a leading source for arts, culture, and news in Southern California. Through innovative storytelling, KCET explores and expresses our dynamic local communities helping residents understand and connect with the region’s diverse communities and ideas. For additional information about both KCET and PBS SoCal productions, web-exclusive content, programming schedules and community events, please visit kcet.org and pbssocal.org. Locally produced original content and PBS programs are available to stream on the FREE PBS App, which is available on iOS and Android devices, Roku, Amazon Fire TV, Apple TV, Android TV, Samsung Smart TV, Chromecast and VIZIO SmartCast TV. PBS SoCal is available to livestream on the PBS App, YouTube TV, Direct TV now, Hulu TV Live and Local Now. KCET is also available to watch live on YouTube TV.

About USC LIBRARIES
The USC Libraries actively support the discovery, creation, and preservation of knowledge at the University of Southern California and beyond. The libraries serve as host institution for L.A. as Subject, an association of more than 267 libraries, cultural institutions, official archives, and private collectors dedicated to preserving and telling the sometimes-hidden histories of the Los Angeles region. Southern California history is among the USC Libraries’ prominent collections and programming strengths, and Lost LA is an emblem of USC’s connection and commitment to Los Angeles as a Pacific Rim megacity.

About McGee Media
McGee Media was founded by award-winning filmmaker Dyllan McGee to produce documentary content that is innovative, compelling, and immersive. Every story is born from a vision of a fairer and more equitable world. Whether it is the sweeping history of the African-American experience, or the intimate personal stories of the hundreds of women who made up the feminist movement, McGee Media uses television, film, and digital media in radical new ways to inform and inspire. Recent projects include Emmy nominated FREDERICK DOUGLASS: IN FIVE SPEECHES (HBO), NOT DONE: WOMEN REMAKING AMERICA (PBS), THE BLACK CHURCH: THIS IS OUR STORY, THIS IS OUR SONG (PBS), and BLACK AMERICA SINCE MLK: AND STILL I RISE (PBS) as well as MAKING BLACK AMERICA, RECONSTRUCTION: AMERICA AFTER THE CIVIL WAR (PBS), AFRICA’S GREAT CIVILIZATIONS (PBS), MAKERS (PBS), FINDING YOUR ROOTS (PBS), ONCE & FOR ALL (AOL), FIRST IN HUMAN (Discovery), and RANCHER, FARMER, FISHERMAN (Discovery).

About Inkwell Media
Inkwell Media was founded by Henry Louis Gates, Jr. to produce sophisticated documentary films about the African and African-American experience for a broad audience. The six-part PBS documentary series THE AFRICAN AMERICANS: MANY RIVERS TO CROSS (2013) earned the 2013 Peabody Award and NAACP Image Award. Inkwell has co-produced FREDERICK DOUGLASS: IN FIVE SPEECHES (2022), FINDING YOUR ROOTS, Seasons 1-9 (2012-2023), MAKING BLACK AMERICA (2022), THE BLACK CHURCH: THIS IS OUR STORY, THIS IS OUR SONG (2021), RECONSTRUCTION: AMERICA AFTER THE CIVIL WAR (2019), AFRICA’S GREAT CIVILIZATIONS (2017), BLACK AMERICA SINCE MLK: AND STILL I RISE (2016), BLACK IN LATIN AMERICA (2011), FACES OF AMERICA (2010), LOOKING FOR LINCOLN (2009), AFRICAN AMERICAN LIVES 2 (2008), OPRAH‘S ROOTS (2007) and AFRICAN AMERICAN LIVES (2006).

About Kunhardt Films
Kunhardt Films specializes in documentary films about the people and ideas that shape American history. Most recently completed is the 4 part Apple TV+ documentary series, LINCOLN’S DILEMMA. Previous documentaries include the 3-part HBO series, OBAMA: IN PURSUIT OF A MORE PERFECT UNION and feature documentary, A CHOICE OF WEAPONS: INSPIRED BY GORDON PARKS. Past productions include Emmy and Peabody award winning, TRUE JUSTICE: BRYAN STEVENSON’S FIGHT FOR EQUALITY (HBO, 2019); JOHN MCCAIN: FOR WHOM THE BELL TOLLS (HBO, 2018); KING IN THE WILDERNESS (HBO, 2018); THE NEWSPAPERMAN: THE LIFE AND TIMES OF BEN BRADLEE (HBO, 2017); BECOMING WARREN BUFFETT (HBO, 2017); JIM: THE JAMES FOLEY STORY (HBO, 2016). Other films include LIVING WITH LINCOLN (HBO, 2015); NIXON BY NIXON: IN HIS OWN WORDS (HBO, 2014); FINDING YOUR ROOTS (PBS); MAKERS: WOMEN WHO MAKE AMERICA (PBS); THE AFRICAN AMERICANS: MANY RIVERS TO CROSS; (PBS); and GLORIA: IN HER OWN WORDS (HBO, 2011). Kunhardt Films was founded in 1987 as Kunhardt Productions. It is run by Peter Kunhardt and his two sons Teddy and George in Pleasantville, New York.

About WETA
WETA is the leading public broadcaster in the nation’s capital, serving Virginia, Maryland, and the District of Columbia with educational initiatives and with high-quality programming on television, radio and digital platforms. WETA Washington, D.C., is the second-largest producing station for public television in the United States, with news and public affairs programs including PBS NEWSHOUR and WASHINGTON WEEK WITH THE ATLANTIC; documentaries by Ken Burns and Florentine Films, such as THE AMERICAN BUFFALO and THE U.S. AND THE HOLOCAUST; series and documentaries by Prof. Henry Louis Gates, Jr., including GOSPEL and MAKING BLACK AMERICA: THROUGH THE GRAPEVINE; performance specials including IN PERFORMANCE AT THE WHITE HOUSE and THE LIBRARY OF CONGRESS GERSHWIN PRIZE FOR POPULAR SONG; and health content from Well Beings, a multiplatform campaign. More information on WETA and its programs and services is available at http://www.weta.org. Visit http://www.facebook.com/wetatvfm on Facebook or follow @WETAtvfm on Twitter.

About PBS
PBS, with more than 330 member stations, offers all Americans the opportunity to explore new ideas and new worlds through television and digital content. Each month, PBS reaches over 42 million adults on linear primetime television, more than 15 million users on PBS-owned streaming platforms, and 56 million people view PBS content on social media, inviting them to experience the worlds of science, history, nature, and public affairs; to hear diverse viewpoints; and to take front-row seats to world-class drama and performances. PBS’s broad array of programs has been consistently honored by the industry’s most coveted award competitions. Teachers of children from pre-K through 12th‥grade turn to PBS LearningMedia for digital content and services that help bring classroom lessons to life. As the number one educational media brand, PBS KIDS helps children 2-8 build critical skills, enabling them to find success in school and life. Delivered through member stations, PBS KIDS offers high-quality content on TV — including a PBS KIDS channel — and streaming free on‥pbskids.org and the PBS KIDS Video app, games on the PBS KIDS Games app, and in communities across America. More information about PBS is available at PBS.org, one of the leading dot-org websites on the internet,‥Facebook, Instagram, or through‥our‥apps for mobile and connected devices. Specific program information and updates for press are available at‥pbs.org/pressroom‥or by following PBS Communications on Twitter.

PRESS CONTACT:
FindingYourRoots@id-pr.com

Media Contact
Allison Gray, PBS SoCal, 747.201.5298, agray@pmgsocal.org, pbssocal.org/LostLA

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SOURCE PBS SoCal

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IQuest Research Releases IQuest-Q1 Technical Report, Detailing Training from Scratch and Results Across 30 Benchmarks

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October 23, 2026

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BEIJING, Oct. 23, 2026 /PRNewswire/ — IQuest Research has published IQuest-Q1: Advancing Foundation Capabilities for Agentic CLI Systems, detailing the model’s architecture, complete training pipeline, results across 30 benchmarks, and role in iterative model development.

IQuest-Q1 is an open-source agentic foundation model optimized for command-line interface (CLI) interaction, software engineering, and complex multi-step tasks. Its sparse Mixture-of-Experts architecture comprises 320 billion total parameters, with 15 billion activated per token.

A Complete Training Pipeline, Beginning with Pre-Training

Developed from scratch, IQuest-Q1 progresses through pre-training, mid-training, and post-training. Pre-training and mid-training together cover approximately 29 trillion tokens, with context length progressively extended to 512K.

The architecture incorporates Stable SplitNorm, the Muon optimizer, and μP parameterization. In controlled experiments using identical training data, it required approximately 52% of the compute needed by a Qwen3-30B-A3B-style MoE baseline to reach the same training loss, corresponding to 1.93× scaling efficiency. The report also introduces Critical Model Size (CMS) to examine scaling limits under training-stability and optimization-efficiency constraints.

Post-training combines supervised fine-tuning, domain-specific reinforcement learning, Multi-Teacher On-Policy Distillation (MOPD), and model merging. Training spans multiple agent harnesses and versions, including Claude Code and Codex, to strengthen performance across different execution environments.

The report also describes Recursive Multi-Token Prediction, which adapts an MTP layer into a reusable drafter for speculative decoding, extending the drafting horizon within a fixed parameter budget.

Evaluations Across Coding and Agentic Workflows

The 30-benchmark evaluation suite covers software engineering, terminal operation, tool use, professional workflows, search, and reasoning. IQuest-Q1 scores 52.7 on AutomationBench, 51.8 on τ³-Banking, 74.1 on SkillsBench, 78.4 on MCP-Atlas, and 75.0 on Toolathlon-Verified.

The report also evaluates sustained interaction through Claw-Eval and IQuest-CLIBench, the team’s internal assessment combining user simulation, execution traces, and environment-state checks.

Full results, comparison baselines, and evaluation configurations are disclosed in the report.

Environment Integrity and Reward Hacking Mitigation

The team constructed more than one million executable, containerized task instances, retaining valid and complete trajectories for mid-training. Post-training environments use task-specific verifiers to ground learning in execution outcomes.

Environment preparation, execution-time checks, and trajectory auditing help mitigate reward hacking, including attempts to access hidden tests or leaked solutions. Confirmed cheating trajectories are excluded from training.

The report also documents model-assisted research under human supervision. In one experiment, an IQuest-Q1-based agent traced 6,054 tool calls to investigate 35 errors, identified training-data inconsistencies, and implemented a reviewed data-cleaning and augmentation plan. Validated methods and research assets will support subsequent model development.

Project resources are available through:

Technical Report: https://arxiv.org/pdf/2610.30949Blog: iquestlab.github.ioHugging Face: IQuestLab/IQuest-Q1GitHub: IQuestLab/IQuest-Q1

CONTACT: IQuest Research
research@iquestlab.com

View original content:https://www.prnewswire.com/news-releases/iquest-research-releases-iquest-q1-technical-report-detailing-training-from-scratch-and-results-across-30-benchmarks-302917967.html

SOURCE IQuest Research

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HoneyNaps Selected for 2026 Eurostars International R&D Project

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October 23, 2026

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Korean-Swedish consortium brings together Yonsei University, Dankook University, Uppsala University and Xantage AB Project to develop a non-invasive platform for neurological monitoring Skin-mounted sensors aim to track changes in intracranial pressure continuously, alongside sleep signal analysis

BOSTON, Oct. 23, 2026 /PRNewswire/ — HoneyNaps, a South Korean sleep medicine AI company, announced today that it has been selected for a 2026 Eurostars international R&D project supported in Korea by the Ministry of Trade, Industry and Resources and the Korea Institute for Advancement of Technology (KIAT).

Eurostars is a multilateral R&D funding programme operated by the Eureka Network and co-funded by the European Union. The selected project, titled “Development of a Spectroscopic Electromagnetic Sensing and Artificial Intelligence Platform for Non-Invasive Neurological Monitoring, “will bring together HoneyNaps, Yonsei University, Dankook University, Sweden’s Uppsala University and Xantage AB.

The consortium will develop and validate an integrated platform to monitor changes in intracranial pressure (ICP) and sleep status non-invasively. The project combines the expertise of participating institutions in South Korea and Sweden across sensor technology, artificial intelligence and clinical platforms.

The project aims to develop an integrated platform at Technology Readiness Level 6 (TRL 6), combining a compact chip-scale vector network analyzer (VNA), SansEC microwave resonant sensors, physics-informed AI and wireless polysomnography (PSG) signal analysis. The platform is intended to continuously estimate changes in ICP and automatically analyze sleep stages and events. The project will also establish the technical and documentation framework needed to prepare for submission under the European Union Medical Device Regulation (MDR).

As part of the project, HoneyNaps will work on the wireless collection and analysis of electroencephalogram (EEG), electrooculogram (EOG), electromyogram (EMG), electrocardiogram (ECG), oxygen saturation (SpO₂) and respiratory signals. The goal is to combine the clinical information provided by laboratory-based PSG with the convenience of home-based testing, enabling automated analysis of sleep stages and key sleep events.

“By combining electromagnetic sensing with sleep biosignal analysis, this project will evaluate the potential of non-invasive neurological monitoring,” said Sean Ha (Taekyoung Ha), President of HoneyNaps USA. “Together with our partners in South Korea and Sweden, we will validate the sensors, AI and platform in stages and build a foundation for clinical use and global market entry.”

For further information, please contact:
HoneyNaps USA, Inc.
Christine Kwon / Managing Director
Email: sleep@honeynaps.com
Address: 14th Floor, One Broadway, Cambridge, MA 02142, USA
Website: www.honeynaps.com

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SOURCE HoneyNaps

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Hyperscale Data Reaffirms 2027 Guidance of $300 Million to $350 Million in Revenue and $60 Million to $80 Million in Adjusted EBITDA

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October 23, 2026

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Initial Michigan AI compute capacity expected to be energized and begin revenue-generating activities in December 2026; operating momentum and expanding blockchain and digital asset initiatives support outlook

LAS VEGAS, Oct. 23, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company (“Hyperscale Data” or the “Company”), today reaffirmed its preliminary consolidated financial guidance for the year ending December 31, 2027, of $300 million to $350 million in revenue and $60 million to $80 million in Adjusted EBITDA.

The outlook reflects management’s current expectations for three principal operating platforms: data center, AI infrastructure and robotics; lending, financial services and digital assets; and portfolio companies operated through the Company’s hybrid private equity platform, where the latter two are housed within Ault Capital Group, Inc. (“ACG”), a direct wholly owned subsidiary of the Company.

The Company expects the first phase of AI compute capacity at its Michigan campus to be energized in December 2026, with revenue-generating activities expected to commence in connection with that milestone. This initial deployment represents an important step in the Company’s transition toward a larger AI infrastructure business, with additional growth anticipated as capacity is developed and customer deployments progress.

“We are seeing encouraging progress across our businesses as we prepare to begin revenue-generating AI operations at our Michigan campus,” said William B. Horne, Chief Executive Officer of Hyperscale Data. “Our operating forecasts support our reaffirmed 2027 guidance. We remain focused on delivering contracted capacity, securing the resources needed for development and meeting the milestones that support our outlook.”

The Company previously announced preliminary consolidated revenue of approximately $40 million for the third quarter ended September 30, 2026, an increase of approximately 64% compared to $24.3 million for the third quarter of 2025. The increase reflected stronger contributions from crane operations, defense, lending and trading, and other revenue, including software supporting blockchain network operations. Defense revenue reflected the inclusion of Gresham Worldwide, Inc. following its reconsolidation. These increases were partially offset by lower Bitcoin mining revenue.

The preliminary third-quarter revenue figures have not been audited or reviewed by the Company’s independent auditor and remain subject to completion of quarter-end financial closing procedures and review. Actual results may differ materially from the estimate, which does not present a complete assessment of the Company’s third-quarter financial results.

“We believe the Company’s current market valuation does not reflect the progress across our businesses or the value of the platform we have assembled,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “Alongside the Michigan AI data center, we see significant opportunity in tokenization and our broader blockchain and digital asset activities. We believe growth in these activities can contribute meaningfully to revenue and improve our profitability profile as we execute our operating plans.”

The preliminary guidance reflects management’s current expectations regarding future business performance, including anticipated customer deployments, financing activities, digital asset initiatives and the performance of its portfolio businesses. Actual results may differ materially.

Adjusted EBITDA is a non-GAAP financial measure. The Company is unable to reconcile projected Adjusted EBITDA quantitatively to GAAP net income or loss without unreasonable effort because certain necessary components cannot currently be reasonably estimated. These include future interest expense, income taxes, depreciation and amortization, stock-based compensation, impairment charges, acquisition-related expenses and changes in the fair value of financial instruments. These items are expected to be material to future GAAP results.

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 hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for the emerging AI ecosystems and other industries. Another of Hyperscale Data’s wholly owned subsidiaries, ACG, is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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