secwatch.observer — SEC 8-K summary
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Issuer:     Hyperscale Data, Inc. (GPUS)
CIK:        0000896493
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001214659-23-003614
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ault Alliance completes sale of BitNile.com to Ecoark for $100M in preferred stock
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- Transaction closed March 6, 2023; Ecoark acquired BitNile.com and its 19.9% stake in Earnity.
- Consideration: 8,637.5 Series B Preferred shares to Ault Alliance and 1,362.5 Series C to minority holders; combined stated value $100M.
- Preferred stock convertible into Ecoark common at $0.25/share, subject to shareholder approval; 19.9% ownership cap until then.
- Ault Alliance can appoint three Ecoark board members, and after shareholder approval, a majority of the board.
- Ecoark's financial results expected to be consolidated into Ault Alliance's financial statements going forward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896493/000121465923003614/0001214659-23-003614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896493/000121465923003614/o372308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-003614

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