Hyperscale Data (GPUS) said Friday it plans to launch a tender offer to purchase up to $5 million of its stock at a price of $0.21 per share after filing its quarterly report.
The company said the move is intended to bridge the gap between its current market value and balance sheet strength.
Hyperscale Data said it intends to finance the proposed offer through existing cash on hand.
Shares fell 3.2% in Friday trading.
Price: $5.41, Change: $-0.04, Percent Change: -0.83%
Price: $18.11, Change: $-0.20, Percent Change: -1.09%
Charles Schwab Corp (SCHW) has an average rating of overweight and mean price target of $116.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $91.16, Change: $+1.72, Percent Change: +1.92%