---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-001960"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:49:52.433757+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance enters share exchange to acquire 92.4% of Ecoark via BitNile.com subsidiary

## Summary
- Ecoark to acquire BitNile.com from Ault Alliance and minority holders for $100M stated value convertible preferred stock.
- Ault Alliance to receive 8,637.5 shares of Series B Preferred; total preferred convertible into 400M Ecoark shares (92.4% fully diluted).
- Ault Alliance gets right to appoint three board members of Ecoark, future majority after shareholder approval.
- Conversion price set at $0.25 per share; dividends at 5% annually, increasing to 12% if unpaid.
- Closing conditions include fairness opinion and completion of due diligence by both parties.

## SEC filing metadata
- accession: 0001214659-23-001960
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923001960/0001214659-23-001960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923001960/d2102368k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-001960
- JSON: https://secwatch.observer/filing/0001214659-23-001960.json
- Plain text: https://secwatch.observer/filing/0001214659-23-001960.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. entered into Share Exchange Agreement with Ecoark Holdings, Inc. (effective 2023-02-08).
  - Action: entry
  - Agreement: merger
  - Counterparty: Ecoark Holdings, Inc.
  - Effective: 2023-02-08
  source text: On February 8, 2023, Ault Alliance, Inc. (the “ Company ”) entered into a Share Exchange Agreement (the “ Agreement ”) with Ecoark Holdings, Inc. (“ Ecoark ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923001960/0001214659-23-001960-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.