secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001214659-22-013294
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BitNile obtains $18.9M secured loan and receives NYSE American delisting warning
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- Borrowed $18.9M principal via secured term loans at 8.5% interest, maturing in 18 months (extendable to 24); issued $1.89M OID.
- Issued warrants for ~9.1M shares (two tranches: 4.5M at $0.45, 4.5M at $0.75), exercisable for four years, subject to NYSE American approval.
- Guaranteed by Ault Lending, Ault & Co, and Executive Chairman Milton C. Ault III; secured by aircraft, mining rigs, real estate, and cash account.
- Received NYSE American deficiency letter on Nov 2 for low share price (30-day avg <$0.20); must demonstrate price improvement or reverse split by May 2, 2023.
- Proceeds to fund purchase of private aircraft for business/charter and general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465922013294/0001214659-22-013294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465922013294/r1172208k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-013294

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