secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K/A
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001214659-23-000066
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance increases secured note financing to $17.5M at 16%; completes Circle 8 crane assets acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/0001214659-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923000066/b132318ka1.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-000066

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