{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-000066","form_type":"8-K/A","ticker":"GPUS","cik":"0000896493","company_name":"Hyperscale Data, Inc.","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.466286+00:00","generated_at":"2026-06-20T21:13:44.336916+00:00","sec_items":["1.01","2.01","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ault Alliance increases secured note financing to $17.5M at 16%; completes Circle 8 crane assets acquisition","bullets":["Amended SPA increased total notes to $17,511,370; funding amount $16,081,870 with $13.3M cash.","Notes bear 16% interest, mature March 16, 2023; may be extended 45 days with 10% fee.","Company issued 11.6M shares to cancel warrants; must register shares within 10 days or pay ~$120K/month damages.","Circle 8 Newco closed asset purchase of Circle 8 Crane Services for equity and up to $2.1M earnout.","Company contributed $12M to Circle 8; $11.65M used to pay down senior debt, $3M to subordinated debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-000066","json":"https://secwatch.observer/filing/0001214659-23-000066.json","markdown":"https://secwatch.observer/filing/0001214659-23-000066.md","text":"https://secwatch.observer/filing/0001214659-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/0001214659-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/b132318ka1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:13:44.336916+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9217113529ac8d57a4555950f4584c591515fed1","claim":"Hyperscale Data, Inc. completed an acquisition involving Circle 8 Crane Services LLC for cash earnout payments in an aggregate maximum amount of up to $2,100,000 (closed 2022-12-19).","evidence_excerpt":"Assets, Circle 8 Crane Services received Class D equity interests in Circle 8 Holdco and is eligible to receive cash earnout payments in an aggregate maximum amount of up to $2,100,000 based on the achievement by Circle 8 Newco of certain EBITDA targets over the three year period following the completion of the acquisition of the Acquired Assets by Circle 8","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/0001214659-23-000066-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Circle 8 Crane Services LLC"},{"label":"Consideration","value":"cash earnout payments in an aggregate maximum amount of up to $2,100,000"},{"label":"Closing","value":"2022-12-19"}],"fact_type":"ma_transaction"},{"claim_id":"839a722353fc9dbb3fa126d96be9e36c4afe21dd","claim":"Hyperscale Data, Inc. entered into SPA with an accredited investor (the \"Initial Investor\") valued at $14,700,000 (effective 2022-12-16).","evidence_excerpt":"On December 16, 2022 (the “ Closing Date ”), the Company entered into a Securities Purchase Agreement (the “ SPA ”) with an accredited investor (the “ Initial Investor ”) providing for the issuance of secured promissory notes (the “ Notes ”) with an aggregate principal face amount of $14,700,000 (the “ Financing ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/0001214659-23-000066-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"an accredited investor (the \"Initial Investor\")"},{"label":"Value","value":"$14,700,000"},{"label":"Effective","value":"2022-12-16"}],"fact_type":"material_agreement"},{"claim_id":"f1f282b8030a9b9a60275b430693e3d72f29ce48","claim":"Hyperscale Data, Inc. amended Amendment with the Initial Investor valued at $17,511,370.10 (effective 2022-12-29).","evidence_excerpt":"On December 29, 2022, the Company and the Initial Investor entered into an amended and restated amendment to the SPA (the “ Amendment ”), pursuant to which the total amount of the Financing was increased to $17,511,370.10","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/0001214659-23-000066-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the Initial Investor"},{"label":"Value","value":"$17,511,370.10"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}