BitNile subsidiary to acquire Circle 8 Crane assets for ~$40M

Hyperscale Data, Inc.

Circle 8 Newco (Ault Alliance subsidiary) acquires substantially all assets of Circle 8 Crane Services for ~$40M.
Consideration: $16M cash plus assumption of ~$24M in asset-based debt.
Closing expected by December 9, 2022, subject to customary conditions and financing receipt.
Ault Alliance, Paramount Lifting Solutions, and management will own 64%, 20%, and 16% of Circle 8 Holdco, respectively.
Circle 8 Newco forecasted to generate >$40M annual revenue in 2023.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Asset Purchase Agreement with Circle 8 Crane Services LLC (effective 2022-11-17).

Action: entry
Agreement: asset purchase
Counterparty: Circle 8 Crane Services LLC
Effective: 2022-11-17

Exact text from the filing

On November 17, 2022, Circle 8 Newco LLC, a Delaware limited liability company (“ Circle 8 Newco ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement” ) with Circle 8 Crane Services LLC, a Delaware limited liability company (“ Circle 8 Crane Services ”)

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38 material agreements filed in the last 30 days. Browse all material agreements →

Hyperscale Data, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-22-014009

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