secwatch / observer
8-K filed November 8, 2022, 6:59 PM ET ticker GPUS CIK 0000896493
regulatory confidence high sentiment negative materiality 0.80

Hyperscale Data, Inc. (GPUS): Nasdaq/NYSE listing notice — BitNile obtains $18.9M secured loan and receives NYSE American delisting warning

Hyperscale Data, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Hyperscale Data, Inc. incurred senior notes of $18,888,889 with JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd. at 8.5% per annum maturing May 7, 2024.

Instrument
senior notes
Principal
$18,888,889
Counterparty
JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd.
Rate
8.5% per annum
Maturity
May 7, 2024
Event
incurrence
Exact text from the filing
the Borrowers borrowed $18,888,889 and issued secured promissory notes to the Investors in the aggregate amount of $18,888,889
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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Hyperscale Data, Inc. received a nyse_american deficiency notice notice regarding minimum bid price (rules 1003(f)(v)).

Exchange
nyse american
Notice
deficiency notice
Deficiency
minimum bid price
Rules
1003(f)(v)
Exact text from the filing
November 2, 2022, the Company received a deficiency letter (the “ Letter ”) from the NYSE American LLC (the “ NYSE American ” or the “ Exchange ”) indicating that the Company is not in compliance with the Exchange’s continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “ Company Guide ”) because its shares of Common Stock for a substantial period of time have been selling at a low price per share, which the Exchange determined to be a 30-trading day average price of less than $0.20 per share. The Letter has no immediate effect on the listing or trad
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Loan and Guarantee Agreement with JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd. valued at $18,888,889 (effective 2022-11-07).

Action
entry
Agreement
credit facility
Counterparty
JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd.
Value
$18,888,889
Effective
2022-11-07
Exact text from the filing
On November 7, 2022 (the “ Closing Date ”), BitNile Holdings, Inc., a Delaware corporation (the “ Company ”), along with its wholly owned subsidiaries BitNile, Inc. (“ BitNile ”), Third Avenue Apartments LLC (“ Third Avenue ”), Alliance Cloud Services, LLC (“ Alliance Cloud ”) and Ault Aviation, LLC (“ Ault Aviation ” and collectively with the Company, BitNile, Third Avenue and Alliance Cloud, the “ Borrowers ”) entered into a Loan and Guarantee Agreement (the “ Agreement ”) with JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd. (collectively, the “ Investors ”) pursuant to which the Borrowers borrowed $18,888,889 and issued secured promissory notes to the Investors in the aggregate amount of $18,888,889
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR
accession 0001214659-22-013294
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