Hyperscale Data, Inc. (GPUS) Earnings Call Transcript & Summary

Hello. And welcome to the Special Meeting of Stockholders of DPW Holdings, Inc. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Ken Cragun, Chief Accounting Officer of DPW Holdings. Mr. Cragun, the floor is yours.

Good morning, ladies and gentlemen. I'm Ken Cragun, the Chief Accounting Officer of DPW Holdings. It's now 09:00 am, and I call to order the special meeting. I will act as Chairman of this meeting, and I would like to take the opportunity to welcome you to our special meeting. David Katzoff will act as secretary of this meeting, and has been appointed to act as inspector of election. The meeting has been called for the matters set forth in the proxy statement dated March 11, 2020. An affidavit of mailing, establishing that the notice of the meeting was duly given has been delivered to us. The affidavit of mailing is approved and will be incorporated into the minutes of this meeting. All stockholders of record at the close of business on March 2, 2020, are entitled to vote at this meeting. The first order of business is to determine whether the shares represented at this meeting, either in person or by proxy, are sufficient to constitute a quorum for the purpose of transacting business. The Secretary will now report as to the presence of a quorum.

The list of stockholders shows that holders of 4,943,649 shares of our common stock and 125,000 shares of Series B convertible preferred stock are entitled to vote at this meeting. A quorum consists of a majority of the shares entitled to vote. They are present either in person or by proxy, the holders of 1,758,255 shares of common stock and Series B convertible common stock or approximately 35.5% of all the shares entitled to vote at this meeting. We, therefore, have no quorum.

Thank you. I hereby declare that a quorum is not present at this meeting. And that this meeting is therefore not duly convened for purposes of transacting such business as may properly come before it. Consequently, the votes will not be tabulated as none can pass without a quorum. Thank you for attending today's meeting. The Special Meeting of Stockholders is not adjourned.

This concludes this meeting, you may now disconnect.