---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-003788"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T05:09:46.796616+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance terminates ATM equity program; raised $176.6M at $0.56/share

## Summary
- Company elected to terminate the ATM facility with Ascendiant Capital Markets effective March 17, 2023.
- Under the program, sold 317.9M shares for gross proceeds of approximately $176.6M, or $0.56 per share.
- Termination aims to limit uncertainty and unfavorable dilution for stockholders.
- Upon termination, the Company will have no further obligations related to the ATM facility.

## SEC filing metadata
- accession: 0001214659-23-003788
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923003788/0001214659-23-003788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923003788/b3132308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-003788
- JSON: https://secwatch.observer/filing/0001214659-23-003788.json
- Plain text: https://secwatch.observer/filing/0001214659-23-003788.txt

## Key facts
- Material Agreements
  Hyperscale Data, Inc. terminated At-the-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC valued at terminated with 317.9 million shares sold and approximately $176.6 million in gross proceeds raised (effective 2023-03-17).
  - Action: termination
  - Agreement: atm program
  - Counterparty: Ascendiant Capital Markets, LLC
  - Value: terminated with 317.9 million shares sold and approximately $176.6 million in gross proceeds raised
  - Effective: 2023-03-17
  source text: On March 12, 2023, Ault Alliance, Inc. (the “ Company ”) provided written notice to Ascendiant Capital Markets, LLC, as sales agent (the “ Agent ”) of its election to terminate the At-the-Market (“ ATM ”) Issuance Sales Agreement (the “ Agreement” ), dated February 25, 2022, between the Company and the Agent with regards to sales of the Company’s common stock under the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923003788/0001214659-23-003788-index.htm

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